Toyota, PSA Peugeot Citroën Plan Joint Development/Production Of Small Cars
Tokyo – TOYOTA MOTOR CORPORATION (TMC) and PSA PEUGEOT CITROËN (PSA) announced today that ongoing cooperation talks should lead to the signing of a memorandum of understanding on 12 July for the joint development of a new vehicle platform to be used in joint production in Europe of small, entry-level passenger cars for both parties.