Peugeot to Build 300M€ Russian Plant

Building plants in Russia is beginning to be a hot new trend for European automakers. As well it should— Russia is one of the most rapidly expanding markets outside of India and China in the world right now. Peugeot Citroen PSA has announced it's plans to lay down a brand new green field plant in Kaluga. The facility will be capable of spitting out 150,000 cars a year. Furthermore, Peugeot is open to partnering with other automakers to maximize output, with Mitsubishi looking like an early candidate. From the report in the Financial Times, it's looking like Kaluga is turning into the Ruskie version of Detroit. Volkswagen is building a plant, as is Volvo heavy truck, in collaboration with shareholder Renault.

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