Russia: Mitsubishi, PSA to triple capacity at local JV

Mitsubishi and PSA Peugeot Citroen will reportedly borrow a total of €320m (US$407.8m) to triple output capacity at their joint venture in Russia, The Nikkei reports. According to the report, in June, the two OEMs will take out seven-year loans to the tune of €170m from the European Bank for Reconstruction and Subscribe to Automotive World … Continued

• By Webmaster
• May 17, 2012