UPDATE 2-Peugeot Citroen to invest 300 mln euros in Russia

Newswire

(Adds quotes, details from signing ceremony) PARIS/MOSCOW, Jan 29 (Reuters) - Europe's second-biggest auto maker PSA Peugeot Citroen is investing 300 million euros ($440 million) in a Russian assembly plant for its mid-size models as part of plans to sell 100,000 cars by 2010. Russia is expected to outstrip Germany as Europe's biggest car market in a few years and is a priority growth area for the French company. The plant at Kaluga, 180 km southwest of Moscow, will have a capacity for ...

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