Peugeot to invest 670 mln in Spanish plant - union

Newswire

MADRID, Jan 26 (Reuters) - French carmaker PSA Peugeot Citroen wants to invest 670 million euros ($872 million) to modernise a Spanish plant in order to produce the new version of Citroen's Xsara Picasso multipurpose vehicle, a union spokesman said. A UGT trade union spokesman said UGT leader Candido Mendez was informed of the planned investment during a recent visit to the plant in the northwestern city of Vigo. A company spokesman at the plant declined to comment on the investment, which ...

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