» » Toyota to buy out PSA stake in joint Czech factory
03122018

Toyota to buy out PSA stake in joint Czech factory

Added by: administrator Car Reviews | Comments: 0 | Views: 2 384 |

 
 
The French firm will also introduce another compact van model for its Japanese partner from its Vigo plant in Spain as of 2019, they added in a statement.
Toyota will fully own the Czech plant in Kolin from January 2021, and the plant will continue to manufacture the "current generation” of compact cars for the two companies.

These are currently Peugeot 108, Citroen C1 and Toyota Argo models.
"Toyota intends to continue production and future employment at the Kolin plant,” the companies said, without disclosing financial details.

PSA is already collecting vans for Toyota at the Sevelnord plant in northern France.



Comments

Add a comment

Subscribe to comments

Enter the characters from the picture in the reply field
reload, if the code cannot be seen