Saturday , June 3 2023

Toyota is buying a PSA share at the Cologne plant, writes Leaf –


The PSA representative, in response to the report, includes a clause of the Cologne Joint Venture Agreement, signed in January 2002, that allows each partner to reconsider their position. "We are in the process of evaluation. Nothing was resolved, "Reuters said.

According to the French letter, the automaker wants to expand cooperation in the production of light commercial vehicles in France and Spain.

TPCA manufactures Peugeot, Citroen and Toyota cars. The capacity of the plant is 330,000 cars a year, which is a tent competition. This year it will produce more than 200 thousand cars. The company employs about 2700 people, and the company is one of the largest exporters in the Czech Republic and the largest employer in the Cologne region.

Les Echos writes that PSA's departure from the Cologne plant is significant because PSA has recently purchased Opel, which is not fully powered by factories. Also, for Tokyo Cologne, the PSA for the race may be needed for a buck.

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