VIENNA – PSA Peugeot Citroen of France announces today it has selected Kaluga, about 112 miles (180 km) southwest of Moscow, as the site of its first Russian plant. The auto maker says the signing ceremony for the project is scheduled to take place in Russia in early 2008. “Scheduled to come on stream in 2010, the new factory will produce vehicles in the midsize segment,” PSA says in a prepared statement. The auto maker provides no production volumes or financial details. However, ...
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