Automakers plan new European plants - International Trends - Brief Article

FRANKFURT--Several automakers are planning to build new European plants. DaimlerChrysler AG and Mitsubishi Motors Corp. say they will build a new engine plant in the German state of Thuringia. The $219.4 million plant, which begins construction this month and will be complete in early 2004, will build 300,000 gas engines each year for DC's Smart car and a new small vehicle from MMC, which is 37-percent owned by DaimlerChrysler. Toyota Motor Corp. and PSA Peugeot Citroen will build a new small car plant in Kolin, the Czech Republic. The plant will build 300,000 small cars a year under the Toyota and Peugeot brand names.

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