The Wall Street Journal-20080118-PSA Peugeot-Citroen- Auto Maker Expanding Plant In Spain to Build Light Vans

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PSA Peugeot-Citroen: Auto Maker Expanding Plant In Spain to Build Light Vans

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PSA Peugeot Citroen Chief Executive Christian Streiff said the company plans to invest EUR660 million ($967.3 million) to build a new generation of light vans in Spain. The investment includes EUR334 million for research and development. The vans will be built at the company's plant in Vigo, in northwest Spain. The plant, which produced 547,000 vehicles in 2007, is Peugeot Citroen's biggest.