SOURCE: AutowiredNo backlash says Peugeot UK chief
PIERRE LOUIS Colin, managing director of Peugeot UK, says Coventry remains at the heart of the firm's operations, despite closing down its Ryton operation.
The car-maker still employs around 1,000 people in Coventry. "It's very simple. We have based our national UK operations in Coventry since we came here in 1982, and since then we have always considered Coventry as our base in the UK," he said as the first foundations were being dug at .its new technical centre.
Alonside the technical centre will be the company's new headquarters, representing a £25m investment. The development is due to be completed later this year and become fully operational by next spring.
He said that there had been no backlash of falling sales following the decision to close Ryton.
"The bottom point for us was in 2005 when our UK market share was 5.9%, but it recovered to 6.2% last year.
"This year is the start of the same upward trend. We will reach our 6.5% target by the end of this year," he forecast.