French carmaker PSA/Peugeot-Citroen will on Saturday sign an agreement with Russia's economy ministry for the import of car parts, a spokesman said today.
The contract, called a decree 166 contract allowing preferential import duties, is a step toward a later decision on building cars in Russia.
"We have not yet decided where to build a factory or whether we will do it alone or with a partner," the spokesman said. PSA/Peugeot-Citroen CEO Christian Streiff has indicated a decision would be taken this summer.
There have been newspaper reports that PSA/Peugeot-Citroen could link up with Mitsubishi Motors Corp. for a plant in Russia.
PSA/Peugeot-Citroen has only indicated that it would make cars based on its Platform 2 of medium-sized cars and that production would be relatively modest.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: firstname.lastname@example.org.