PSA Peugeot Citroen Announces Plans To Build New Russian Plant

French car group PSA Peugeot Citroën announced today that it has notified the Russian authorities of its decision to build a plant in the city of Kaluga, which is located around 180 kilometres or 112 miles southwest of Moscow. The new factory which is scheduled to open in 2010, will produce vehicles in the midsize segment, which represents nearly 60% of all sales in the expanding Russian market.