Kaluga Region's Governor Anatoly Artamonov, left, Economic Development Minister Elvira Nabiullina, center, and PSA Peugeot Citroen Management representative Didier Alton, right, shake hands during the ceremony of signing an investment agreement to construct a plant in Russia's Kaluga region, January 28, 2008.
Photo: Valery Melnikov
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French-Japanese Alliance to Build a Carmaker in Russia
Another two car giants chose Russia for car assembly. French PSA Peugeot Citroen and Japan’s Mitsubishi Motors Co. have clinched a deal to set up a respective venture.
An automobile plant, which foundation stone will be laid in Kaluga June 10, will be making Mitsubishi, Peugeot and Citroen mid-size off-highway vehicles and mid-size cars of Peugeot and Citroen brands. The capacity is estimated at roughly 160,000 cars a year.
The initial plans were that Peugeot Citroen would independently construct the plant. But Mitsubishi is needed for a few models, which it makes for the French consortium. The matter at stake is all-wheel drive C-Crosser and Peugeot 4007.
Mitsubishi announced January 24, 2008 that it concluded an agreement on industrial assembly of cars in Russia with the RF Economic Development Ministry.
Quite a few of automobile giants have recently decided to launch car assembly in Russia. The Leningrad and Kaluga regions are the most favored whereabouts for that undertaking. Of interest is that Volkswagen has chosen both regions for Russia’s expansion.
www.kommersant.com
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