UPDATE 1-Peugeot to build new central European plant

Newswire

(Adds detail, background, analyst quote) PARIS, Oct 28 (Reuters) - Europe's second biggest carmaker PSA Peugeot Citroen said on Monday it planned to spend 700 million euros on a major new assembly plant in central Europe, underlining its confidence about future growth. Peugeot, one of this year's strongest players in the European auto sector, said in a statement the new factory would have capacity of 300,000 cars a year, making it one of the group's biggest plants from 2006. Despite ...

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