SAO PAULO — PSA Peugeot Citroen, which begins production in Brazil this month, is seeking to obtain a 7% niche in the local auto market within three or four years. The French automaker hopes to sell 140,000 vehicles, worth US$1.4 billion annually, as part of its plan to expand outside the highly competitive European market. Peugeot will concentrate mainly on the Mercosur bloc (Brazil, Argentina, Uruguay, Paraguay, Bolivia and Chile), hoping to double sales overseas from 366,000 to ...

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