PSA Peugeot Citroën to Double Production in Argentina

PSA Peugeot Citroën has today announced its industrial development plan for Argentina through which it plans to launch two new models at its Buenos Aires plant.

The Peugeot 206, 307 and Partner and the Citroën Berlingo are currently manufactured at the plant and production of the two new models is expected to begin by 2007.

The company believes the “favourable outlook” for the Argentine automobile market supports these developments. There is no doubt that the move will heighten the facility’s competitiveness, and reflects the country’s improved economic situation.

According to the company the new models will be exported to other Mercosur countries, as well as to other Latin American markets and possibly around the world.

Annual output at the Buenos Aires facility is expected to increase from the 45,000 cars planned in 2004 to 100,000 in 2007. Total investment is expected to amount to 450 million Argentine pesos (125 million euros).