PARIS – PSA Peugeot-Citroen will spend roughly $1 billion a year over the next three years for upgrades to its 14 existing manufacturing plants, which are working around the clock producing 14,000 cars per day. Stamping plants will be renewed every 10 years, with $60 million allocated to them annually, says PSA Chairman Jean-Martin Folz, in presenting his 3-year industrial strategy at PSA's Aulnay factory near the Charles de Gaulle airport here. $1 billion earmarked for PSA ...
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