PARIS Feb 4 (Reuters) – France’s PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya.
PARIS Feb 4 (Reuters) – France’s PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya.
Peugeot to assemble 5 models in Kenya. 1st fleet of cars to be rolled out in June. cc @cnbcafrica@BonneyTunya@georgiendirangu
— Charles Tha Great (@CharlieGitonga) February 4, 2017
PSA, which wants to reduce its dependence on European sales, will assemble the Peugeot 508 and 3008 models from kits of pre-assembled modules with local partner URYSIA, its long-standing Kenyan importer and distributor.
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The venture will initially produce about 1,000 vehicles annually, PSA said. The Peugeot brand previously assembled vehicles in the east African country between 1974 and 2002. (Reporting by Laurence Frost; Editing by Helen Popper)
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