PSA Peugeot Citroen is seeking aid to save jobs at its Ryton, U.K., plant, says London’s The Sunday Times. Peugeot CEO Jean-Martin Folz reportedly is seeking £40 million ($62 million) to prevent thousands of jobs at the plant from moving out of the country. The funds also reportedly would go toward a £250 million ($392.8 million) upgrade for added production of the new 207 model coming in three years. The plant employs about 3,700 workers and currently builds Peugeot’s 206 model.

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