Toyota Peugeot Citroen Automobiles (TPCA) has started production of the new Toyota Aygo, Peugeot 108 and Citroen C1 at its joint venture factory in Kolin, Czech Republic.
The three models have been produced together since 2005 and this marks the start on the redesigned, second generation models. Investment for the three new models’ introduction was more than CZK6bn (US$300m) including an additional 700 jobs.
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Kent Koide, president of TPCA, said the joint venture has produced almost 2.4m compact city cars mainly for Europe. Currently around 300 vehicles roll off the production line daily at a rate of one car every 55 seconds.
Next week, output will be increased to more than 700 cars a day and, by the beginning of June, the plant’s capacity of more than 1,000 cars per day will be reached.
TPCA plans to produce over 210,000 vehicles a year.
Toyota forecast sales of over 80,000 units in 2015 with an estimated market share of 6%.
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