GM won’t stand in way of PSA-Toyota tie-up

After General Motors acquired 7 percent of PSA – the parent company of Peugeot and Citroen – the French automaker began cutting back partnerships with other automakers, including BMW. One joint-venture will apparently survive is its deal to develop minicars with Toyota.

PSA CEO Philippe Varin told Germany’s Auto Motor und Sport that the Toyota Peugeot Citroen Automobile (TPCA) joint-venture, which has build more than 2 million vehicles in the Czech Republic, isn’t going anywhere. Moreover, PSA and Toyota will continue to develop the next-generation Citroen C1, Peugeot 107 and Toyota Aygo (pictured), three closely-related products that all roll off the same assembly line in Kolin, Czech Republic.

“Yes, the next generation will again be jointly developed and produced in the Czech Republic,” Varin told the magazine.Â

The joint-venture plant, which builds about 300,000 cars annually, is big business for both PSA and Toyota. 

Despite the relative success of TPCA, PSA’s decision to continue working with Toyota comes as something of a surprise. The French automaker and BMW, which had worked together to develop and build engines for small cars like the MINI Cooper, recently announced that they’ll go their own separate ways. Although BMW and PSA both remained mum on the subject, it is widely-assumed that the latter was under pressure from new part-owner GM. <![CDATA[
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