Auto maker targets 301 sedan for emerging markets.
PARIS – French ministers were disappointed when PSA Peugeot Citroen announced last summer that it needed to lay off 8,000 people in order to survive Europe’s economic crisis. But last week they were happy to help the auto maker celebrate the creation of 300 jobs making Peugeot vehicles from semi-knocked-down kits in Kazakhstan, a former Soviet republic. An international boycott of Iran cost PSA its second-largest market after France. In 2011 it shipped 450,000 kits to its ...
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