Peugeot Citroen is the second largest automobile producer in Europe, however a partnership with Toyota has only plagued the company with the same unsafe sticking accelerator problems that have resulted in 5 million Toyota cars being recalled around the world. Peugeot 107 and Citroen C1 models, all produced in the Czech Republic are affected by this latest sticking accelerator recall problem.
However, on the positive side for Peugeot, the French brand will open up a Peugeot-Reno car factory in Kaluga, Russia very soon, with the production of 150,000 cars a year possible. Growing incomes among Russian citizens as well as the growth of banks offering car loans will make it possible for 40% of Russian citizens to own cars by 2015.
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