PSA Peugeot Citroën and Toyota today announced that their three-year joint project to design, develop and produce three all-new small passenger cars for the European market is close to fruition.
To mark their progress, the two companies released the first official photographs of the three four-seater vehicles – the Peugeot 107, Toyota Aygo and Citroën C1. Due to go on sale in 2005, they will be unveiled in the metal to the public at the Geneva Motor Show in March.
While the three vehicles share a large number of structural components, parts and sub-assemblies, they each have separate and distinct bodies that reflect the individual styles of the Peugeot, Citroën and Toyota marques.
Each car measures about 3.4m long, 1.6m wide and 1.4m high. Powered by the latest generation 1.0-litre petrol and 1.4-litre diesel engines, these compact, fuel-efficient cars will be particularly suited to urban driving. They will also feature advanced safety and environmental protection technologies. The cars are primarily aimed at the European market, where demand for this type of vehicle is expected to increase.
Developed on a common platform, all three cars will begin rolling off the production lines at the Toyota Peugeot Citroën Automobile (TPCA) plant in Kolín, Czech Republic, in 2005, in line with the development and plant construction timetable jointly announced in July 2001. The plant will have an annual production capacity of 300,000 vehicles (200,000 units for Peugeot and Citroën and 100,000 for Toyota).
The project is expected to contribute widely to the local community, particularly as far as local job creation at TPCA and its suppliers is concerned. It has already created 1,500 jobs at TPCA, with plans to hire a further 1,500 people. Total investment, including research and development and production start-up costs, is estimated at 1.5 billion Euros.