PSA Peugeot Citroen is planning to invest $250 million in Brazil this year, with the money going toward the launch of the new Citroen 3 model, reports say. A company spokesman says the investment is part of “a phase of growth” in the country and the “environment here is very promising.” Peugeot’s sales in Brazil rose 32% in 2002, reaching 64,000 vehicles. The auto maker hopes to see a 20% uptick this year as a result of the C3 launch in June and continued demand for the currently ...
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