PSA Peugeot Citroen says it will build a new assembly plant in an as-yet-undetermined Central European location. Peugeot plans to invest E700 million ($683.7 million) in the plant, which will have an annual production capacity of 300,000 units. Peugeot, which hopes to increase its sales to 4 million units by 2006 from 3.25 million this year, will make a decision on a site for the facility early in 2003.

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