Fleet News

Foundations for growth

PSA Peugeot Citroen chief executive officer Jean-Martin Folz has laid the cornerstone for the group's new factory in Slovakia.

Located at Trnava, the ceremony was attended by Slovak prime minister Mikulas Dzurinda, Trnava's Mayor Stefan Bosnak and several hundred guests.

The plant extends PSA Peugeot Citroen's production base in Europe and will manufacture small vehicles from 2006. The company said the facility moves its manufacturing resources closer to markets where sales are expanding rapidly.

PSA Peugeot Citroen's market share in the six central European countries – Croatia, Hungary, Poland, the Czech Republic, Slovakia and Slovenia – totalled 13.6% at the end of March, compared with a 5% share five years earlier.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee