According to a news release, PSA Peugeot Citroën and Mitsubishi Motors Corporation will set up a joint venture in Russia. The JV will produce vehicles for 3 brands, namely, Peugeot, Citroën and Mitsubishi in aassembly plant which will be located in Kaluga, 180 kmd South-West of Moscow.
The plant will have a capacity of 160,000 vehicles and the the foundation stone of this future plant will be laid on June 10th 2008. Production is planned to start in 2011.
This JV follows the sucessful launch of the an SUV - the Peugeot 4007, which was jointly launched in 2007, for the European market. Read Paul Tan's post about the Peugeot 4007 here.