BRATISLAVA, Slovakia (AP) -- French carmaker PSA Peugeot Citroen says it plans to invest more than euro120 million ($173 million) in its Slovak plant to increase its output.
PSA Peugeot Citroen Slovakia says the investment will create an additional 900 jobs that will staff a third shift in the plant in the western town of Trnava.
The plan was announced Monday in Trnava by PSA Peugeot Citroen CEO Philippe Varin.
The company says it plans to introduce the third shift in the spring of 2012 to increase the plant's annual output to 300,000 cars. Last year, it produced over 186,000 cars.
As part of the new investment, the company will make a new model, but declined to give details. It now makes the Peugeot 207 and Citroen C3 Picasso.
PSA Peugeot Citroen Slovakia says the investment will create an additional 900 jobs that will staff a third shift in the plant in the western town of Trnava.
The plan was announced Monday in Trnava by PSA Peugeot Citroen CEO Philippe Varin.
The company says it plans to introduce the third shift in the spring of 2012 to increase the plant's annual output to 300,000 cars. Last year, it produced over 186,000 cars.
As part of the new investment, the company will make a new model, but declined to give details. It now makes the Peugeot 207 and Citroen C3 Picasso.