PSA Peugeot Citroen wants to boost its market share in Russia to 10% from 3% now, the group’s CEO Philippe Varin told Vedomosti business daily on Monday.
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Varin considers Russia, along with Europe, China, and Latin America, a key market for the group, the daily reported.
The group also confirmed plans to launch a plant jointly with Mitsubishi in Russia’s Kaluga in March 2010, the daily reported. The plant’s annual capacity was expected to be 300,000 cars.
