Peugeot says to build new gearbox unit

Newswire

PARIS, June 26 (Reuters) - French automaker PSA Peugeot Citroen on Wednesday said it would build a new production unit at its Valenciennes plant to make mechanical gearboxes in a project worth 430 million euros. The venture would be operational in 2005 and would create 200 new jobs in three years, in addition to the 2,200 people employed at the Valenciennes plant, the company said in a statement. The French government made a separate statement after Peugeot Chairman Jean-Martin Folz ...

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