PSA Recruitment Drive Adds To Surging Activity In Autos

France's PSA Peugeot Citroën will hire 700 staff to help step up production at its plant in Rio de Janeiro, Dow Jones has reported. Since the beginning of its Brazilian operations in 2001, PSA has emerged as the fifth largest carmaker in the country and continues to benefit from the market's demand potential, which according to BMI forecasts is poised to grow a robust 10% year-on-year (y-o-y) in 2010 on top of a record 3.14mn units sold in 2009.

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