The start of construction on the plant underscores PSA Peugeot Citroën’s commitment in Brazil. The plant will come on stream in late 2000, producing the Citroën Xsara Picasso and the Peugeot 206.

Based on the recovery of its commercial vehicle subsidiary, which will result in a significant increase in operating income for 1998 and in pursuit of current policy, Renault wanted to help speed up the development and growth of the Renault V.I. Group. This capital increase, which will be effective by the end of the first half of the year, comes against a backdrop of heightened worldwide competition and globalization of the industry.

Mack´s LE- low Entry - Truck

Paris, January 28, 1999--PSA Peugeot Citroën has chosen CATIA, developed by IBM / Dassault Systèmes, as its core modeling solution. As a key component in digital engineering, the modeling software allows users to design parts and sub-assemblies for future vehicles in their actual environment and generates the digital model. PSA Peugeot Citroën will invest FF 665 million (more than 100 million euro) over three years in the PSA Peugeot Citroën Digital Engineering project (known in French as INGENUM), which will speed the design of new vehicles.

Within the framework of the new platform organization introduced a year ago, platform 1 (small cars) will be the first to benefit from CATIA’s deployment. Eventually, the software will support all new projects, with enhancements stemming from the joint work of PSA Peugeot Citroën’s digital engineering teams and IBM/Dassault Systèmes. In a long term, more than 2000 of the group’s CAD-CAM stations will use CATIA.