Mexican Media Brands
PSA, Mitsubishi Trim Production in Russia
PSA Peugeot Citroen and Mitsubishi Motors are the latest carmakers to suspend production in Russia in response to the country's sagging economy and shrinking car market.
#economics
Share
PSA Peugeot Citroen and Mitsubishi Motors are the latest carmakers to suspend production in Russia in response to the country's sagging economy and shrinking car market.
Both companies share a kit assembly plant in Kaluga. PSA tells Automotive News Europe the two-week shutdown, which begins today, was revealed to employees in December.
The three-year-old Kaluga plant makes Citroen C4 and Peugeot 408 cars and Mitsubishi Outlander and Pajero Sport SUVs.
The facility has capacity to assemble 125,000 vehicles per year. Last year Mitsubishi's sales in Russia rose 2% to 80,100 units, but PSA's volume fell 34% to 41,200 units, according to the Moscow-based Assn. of European Businesses. January sales in the country plunged 75% for PSA and 36% for Mitsubishi.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.