Toyota bought a stake in the Czech factory from the PSA group

The previous factory under the name Toyota Peugeot Citroën Automobile (TPCA) became Toyota Motor Manufacturing Czech Republic and is now 100% owned by Toyota

Toyota Motor Europe (TME) enters 2021 as the sole owner of the current joint production facilities TPCA, created in 2002 by the investment of the PSA Group (PSA) and Toyota.

The launch of the new company, called Toyota Motor Manufacturing Czech Republic, was made official by a ceremony attended by the president of the Toyota factory, Mr. Koreatsu Aoki, the director of Toyota Czech Republic, Mr. Martin Peleska, and the mayor of Kolina, Mr. Mihael Kaspar. In accordance with the new corporate identity, a new logo of the factory was presented, which, like other European factories, will be called TMMCZ.

The plants in Kolin have been producing A-segment models – Toyota Aygo, Peugeot 108 and Citroen C1, since 2005, and TMMCZ will continue production for both companies (Toyota and PSA). These plants are one of the largest exporters of city cars from the Czech Republic, well known for their reliability, low fuel consumption and low emissions. The company, which employs more than 3,500 workers, is the largest employer in the region, significantly influencing the development of Colin, not only by creating thousands of jobs, but also by supporting numerous charitable actions.

Toyota has invested more than four billion kroner in expanding capacity and modernizing the factory. This investment enabled the introduction of Toyota Global Architecture (TNGA) into production, which also means the start of production of the new Toyota Yaris, including new hybrid technology, which is planned for the second half of 2021.

Toyota across Europe, has eight production facilities in full ownership. The complete takeover of modern Toyota production facilities near Kolin also marked the start of production of the new Toyota Yaris at this factory.

Toyota’s family has a strong presence in the Czech Republic and includes a national sales and marketing company, Toyota Central Europe Czech is headquartered in Prague, the logistics and distribution center is located in Krupka, with, of course, a wide network of Toyota and Lexus dealers and repairers. now there is a new company TMMCZ.


Source: Auto magazin by www.magazinauto.com.

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