FRANCE: PSA to spend EUR335m on engine and transmission plants

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PSA Peugeot Citroen on Thursday announced a three-year, EUR355m capital spend at its Valenciennes plant, in the Nord 'department' [administrative region] of France, and at the Française de Mécanique facility in Douvrin, in the Pas de Calais and said it would end the light commercial vehicle-producing joint venture with Fiat at the Sevelnord plant after 2017.