PSA Peugeot Citroen to up Europe output by over 60,000 units

PSA Peugeot Citroen to up Europe output by over 60,000 units

PSA Peugeot Citroen to up Europe output by over 60,000 units

The FINANCIAL -- French car maker PSA Peugeot Citroen said it will produce over 60,000 additional vehicles in Europe by the end of 2015, or 10% more than initially planned, in order to capitalise on growth in Europe's markets and meet demand from its customers.

Volumes will increase for all three of the group's brands, Peugeot, Citroen and DS, according to Borsa Italiana.

The number of Citroen C4 Cactus cars manufactured in Madrid, a model which exceeds its targets with orders totalling nearly 30,000 since January, will be increased by 9,000 units over the period. The Peugeot line-up will also be ramped up, with additional volumes planned in particular for the 208, 2008 and 308, including the 308 SW version, it said.

The number of DS 3 units manufactured in Poissy, France will also increase, as will volumes across the group's range of utility vehicles.

As part of the plan to increase production, operations will be stepped up at the group's engine and gearbox plants in France, as well as at its foundries and in its sales networks. Suppliers and the entire automotive industry will also be called on to participate in the uptrend.