UPDATE 1-PSA selects Kaluga for Russian car plant

Newswire

(adds details) PARIS, Dec 27 (Reuters) - French carmaker PSA Peugeot Citroen said on Thursday it had selected Kaluga, 180 km southwest of Moscow, as the Russian plant to spearhead its drive into one of the world's fastest growing car markets. Peugeot said it chose Kaluga over Nizhny Novgorod, some 400 km east of Moscow, because of logistics and its proximity to the Moscow market. It gave no financial details. "Volkswagen is also installed in the region and with two big car groups there ...

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