PSA Peugeot Citroen will double the production capacity of its plant in Brazil, French newspaper Les Echos reported.
PSA, which has already earmarked EUR530m (US$736m) in investments in Brazil between 2010 and 2012, would announce that it plans to invest about the same amount during the following three years, the newspaper said without citing sources, Reuters reported.
The investment will boost the capacity of PSA’s plant in Porto Real and widen the range of cars being made there, Les Echos said on its Wednesday front page.
A spokesman for PSA declined to comment.
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