UPDATE 1-PSA Peugeot to invest 50 mln eur in Argentine plant

Newswire

(Adds quotes from PSA chairman, background) PARIS, Feb 20 (Reuters) - French carmaker PSA Peugeot Citroen said on Thursday it would invest 50 million euros ($53.72 million) to start making its top-selling Peugeot 307 car in Argentina from next year. The firm would make 16,000 cars at its factory in Buenos Aires in its first year of operation, marking the introduction of its new mid-range car platform in Argentina. Some 60 percent of cars made would be sold in Latin America. "This ...

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