Peugeot scouting in central Europe

PSA PEUGEOT Citröen, the second-largest European car maker, has held talks with the Slovak investment agency, Sario, in connection with its intent to build a new 700 million euro factory in central Europe that will come on line in 2006.

The firm is also looking at sites in Poland, Hungary and the Czech Republic. The factory would employ 3,000 workers and eventually turn out 300,000 vehicles a year.

The company now has three factories in France, and plans to open another in Kolín, Czech Republic, in 2005.

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