France's Peugeot Citroen goes east for growth

Newswire

By Marcel Michelson PARIS, May 28 (Reuters) - France's PSA Peugeot Citroen , Europe's second-biggest volume carmaker after Volkswagen , is pinning its hopes on Russia, eastern Europe and China to boost its sales and profits. "The supervisory board has asked management to increase the international presence of the group," chairman Thierry Peugeot told the annual shareholders' meeting on Wednesday, saying the firm needed to become the most profitable car group in Europe. "China, Russia ...

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