Peugeot plans 500 mln usd investment in Mercosur by 2010 to up market share
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[09/17/2007] SAO PAULO (Thomson Financial) - French carmaker Peugeot SA is to invest 500 mln usd in its Brazilian and Argentine production plants between now and 2010, as part of a plan to increase sales in Mercosur region, Peugeot's managing director for the region, Vincent Rambaud, said.
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SAO PAULO (Thomson Financial) - French carmaker Peugeot SA is to invest 500 mln usd in its Brazilian and Argentine production plants between now and 2010, as part of a plan to increase sales in Mercosur region, Peugeot's managing director for the region, Vincent Rambaud, said.
Speaking at a press conference in Rio de Janeiro, Rambaud said the group is planning to increase car sales to 300,000 units in Brazil and Argentina by 2010, from 160,000 in 2006, and boost market share to 11 pct from 7 pct previously.
The group is aiming to launch 12 new Citroen and Peugeot (other-otc: PEUGY.PK - news - people ) models in Mercosur by 2010, some of which will be developed locally.
vicky.buffery@thomson.com
vb/jlc
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Speaking at a press conference in Rio de Janeiro, Rambaud said the group is planning to increase car sales to 300,000 units in Brazil and Argentina by 2010, from 160,000 in 2006, and boost market share to 11 pct from 7 pct previously.
The group is aiming to launch 12 new Citroen and Peugeot (other-otc: PEUGY.PK - news - people ) models in Mercosur by 2010, some of which will be developed locally.
vicky.buffery@thomson.com
vb/jlc
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes.com/" title="Quotes, Aphorisms, Phrases">quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.
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