PSA/Peugeot-Citroen will still collaborate with Toyota in the minicar segment in Europe, Auto Motor und Sport reports, citing PSA chief executive Philippe Varin. There have been speculations that French carmaker’s alliance with General Motors has placed the PSA-Toyota cooperation at risk but Varin’s statement has now effectively killed off the rumors.
PSA and Toyota build the Citroen C1, Peugeot 107 and Toyota Aygo minicars at a joint venture plant in Kolin, Czech Republic. The models were launched in 2005 and had a mild facelift in 2012. The carmakers will roll out the next generation of the minicar models next year. Varin told Auto Motor und Sport that the next generations will also be jointly developed and built in Kolin.
PSA has been cutting back its cooperation with other carmakers after agreeing to an alliance with GM in February 2013. Speculations on whether PSA would cut ties with other carmakers following the GM alliance arose when the French carmaker dissolved a components joint venture with BMW and terminated an engine cooperation deal with the German carmaker.