Today 04/23/2014 - 05:35:00 PM
Peugeot SA 13.445€
CAC 40 -1.28 PTS
A new family of diesel engines, called DV-R, is scheduled for roll out in 2017-2018, replacing the 1.4 and 1.6-liter models that currently equip all PSA Peugeot-Citroën platforms.
This new family of engines will strengthen the Group's environmental leadership and comply with the Euro 6.2 emissions standard beginning in 2017.
The first DV-R production module installed at the Française de Mécanique facility in Douvrin, in northern France, will have an annual capacity of 640,000 engines. The Group will invest nearly €60 million in this phase of the project.
Française de Mécanique's highly skilled workforce and efforts to increase competitiveness played a decisive role in choosing the plant to produce the new line-up.
In 2018, a second production module with an annual capacity of 640,000 engines will be installed at the Trémery facility in eastern France.
The diesel engine project reaffirms PSA Peugeot Citroën's commitment to maintaining deep manufacturing roots in France and increasing capital projects in its home market.