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Toyota and PSA set to forge a small car partnership.(Peugeot S.A.)(Brief Article)
Japan An announcement made by the Toyota Motor Corporation (TMC) and the PSA (Peugeot-Citroen) group has promised that the signing of a memorandum of understanding is imminent. The two sides have been engaged in talks on the joint development of a new vehicle platform in Europe. The platform is destined for joint production of small, entry-level passenger cars. TMC president, Fujio Cho, and PSA CEO, Jean-Martin Folz, plan to sign the memorandum of understanding at a ceremony in Brussels, Belgium, next week.
The new small car concept has been conceived with the European market in mind. Produced using a common platform, the cars are expected to retail at highly …
