Today 09/30/2016 - 05:35:16 PM
Peugeot SA 13.595€
CAC 40 4,448.26 PTS
PSA Peugeot Citroën's Mulhouse plant: Production of a third new vehicle
At a special meeting of the Mulhouse plant's Works Council, the Plant Manager, Corinne Spilios, announced that the Mulhouse site had been selected by the Group to manufacture a new vehicle.
Production will begin in 2018 and will extend the DS brand's line-up to six models by 2020.
The plan implemented by the Mulhouse plant to transform and speed up manufacturing performance, backed by a €400 million capital expenditure programme, has made production of a third new model in less than a year possible, following the assignment of two new vehicles to the plant in June 2014.
As part of the plant's upgrade, all of the Peugeot 2008, Citroën C4 and DS4 vehicles were shifted to single-flow production on 12 June. The newly freed-up production line will be entirely renovated over the next 15 months to integrate the new EMP2 modular platform dedicated to the Group's future C and D segment vehicles.
As part of the New Social Contract, PSA Peugeot Citroën made a commitment to announce the launch of at least one model in each of its assembly plants in France over the 2014-2016 period. With this third vehicle at Mulhouse and following earlier announcements concerning Sevelnord, Rennes, Sochaux and Poissy, the Group is delivering on its promises and is providing manufacturing visibility for the next decade.
In addition, with more than 971,000 vehicles made in France in 2014 generating a trade surplus of €4.7 billion for France, PSA Peugeot Citroën is on track to meet its commitment of producing one million vehicles in France by 2016.
Commenting on the announcement, Corinne Spilios, said: "I am delighted about the new vehicle assignment because it stands as recognition of the efforts of all the plant's employees. Our site is fully committed to achieving excellence and becoming a plant of the future".