Confirming an beforehand report, PSA and Toyota accept appear the end of their collective burghal car assembly in Europe from 2021.
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As allotment of the agreement, Toyota will booty banking buying of the collective adventure operations in the Czech Republic. From January 2021, the Toyota Peugeot Citroën Automobile Czech (TPCA) bulb in Kolin will become a wholly-owned accessory of Toyota Motor Europe, abutting the seven added accessories the automaker already operates in Europe.
Toyota said it would advance assembly of the accepted bearing A-segment models for the two companies, after allegorical for how long. At present, the bulb builds the Peugeot 108, Citroën C1 and Toyota Aygo. The Japanese automaker said it “intends to abide assembly and application in the approaching at the Kolin plant.”
The TPCA collective adventure was set up in 2002 and included a analysis article acceptance anniversary accomplice to amend their shareholding.
Besides the advertisement apropos the burghal car plant, the two companies said they would aggrandize their accord in added areas. More specifically, from the end of 2019 PSA will alpha bartering a C-segment van to Toyota for auction in Europe.
The bearding archetypal will be congenital at PSA’s Vigo plant, which currently assembles the Peugeot Accomplice and Citroën Berlingo, amid added models. That acceptable agency it will be based on the latest-generation Partner/Berlingo/Combo apparent beforehand this year. PSA and Toyota already coact on mid-size light-commercial vehicles; back 2012, the French automaker has been architecture the Proace for Toyota at its Hordain bulb in France.
The two companies said the aim of the deepening accord is to account “from development and assembly amount optimization”, with Toyota acquainted that it would participate in the development and automated advance costs for the approaching light-commercial vehicle.
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