Toyota, Peugeot-Citroen venture expects production to increase in 2012

Article by Christian A., on March 27, 2011

Toyota Peugeot Citroen Automobile anticipates an increase in production in 2012. Compared to last year, the pretax profit at the joint venture (formed by Toyota Motor Corp. and PSA/Peugeot-Citroen) had little change since cost cuts had helped to offset a production drop.

At a press conference in Prague, TPCA President Satosi Tacihara said that the venture was able to “maintain good financial results” even if the number of vehicles decreased by 11% as scrapping incentives ended.

Tacihara added that the company predicts a return to production growth in 2012. Its pretax figure was "just under" 1.4 billion koruna ($81 million), compared with 1.4 billion koruna in 2009. The revenue of this carmaker, which is based in Kolin, Czech Republic, fell by 16% to 44.7 billion koruna.

The joint venture produces the Toyota Aygo, Peugeot 107 and Citroen C1 minicars, a portion of the market least affected by the global slowdown. Last year, TPCA's factory built 295,712 vehicles, lower by 11% than in 2009.

Tacihara said that a similar number is expected to be produced this year. He also said that the venture’s supplies are unaffected by the Japan disaster “at this moment" but that the company is monitoring the situation continuously.

Topics: toyota, peugeot, citroen

If you liked the article, share on:

Comments

Recommended

Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Last month, the Lamborghini Centenario made its way to the Transformers: The Last Knight premiere where it got the attention of many. Following that event, three Lamborghini Centenario coupes landed...
by - June 26, 2017
The Holy Trinity of hypercars may not be accessible anymore after being discontinued, but that doesn’t mean we won’t see any more hypercars in the future. What we know is...
by - June 26, 2017
Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries