Agreement on volume production of Peugeot
and CitroŽn vehicles in Russia
On 9 June, Christian Streiff, Chairman
of PSA Peugeot CitroŽn, and German Gref, Russiaís minister for
economic development and trade, will sign an agreement on volume
production of Peugeot and CitroŽn vehicles in Russia.
Chritian Streiff, PSA
The agreement will be signed at the
international economic forum in Saint Petersburg. The deal opens
up opportunities for the group to expand in the fast-growing
Russian market. In 2006 some 1.9 million vehicles were
registered, an increase of more than 20% on 2005. In the first
four months of 2007, that growth confirmed with registrations up
more than 30%.