Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
»
1-min read

Toyota And PSA To End Joint Production Of Small Cars By 2021

The two groups will expand cooperation in the production of light commercial vehicles in France and Spain.

Reuters

Updated:November 23, 2018, 9:23 AM IST
facebookTwittergoogleskypewhatsapp
Toyota And PSA To End Joint Production Of Small Cars By 2021
Toyota Logo. (Photo: AFP Relaxnews)
Loading...
PSA Group and Toyota have decided to end joint production of small cars by 2021 but will add cooperation in light commercial vehicles, French newspaper Les Echos reported on Thursday.

Toyota will acquire PSA's stake in the joint venture created by the two carmakers and will integrate the Czech plant of Kolin into its industrial apparatus, the newspaper wrote without citing sources.

The two groups will expand cooperation in the production of light commercial vehicles in France and Spain, Les Echos added.

PSA would go on assembling commercial vehicles for Toyota at its Sevelnord plant in northern France, while the group's Spanish factory in Vigo would produce new Toyota vehicles.

"Regarding Kolin, the initial agreement of the joint venture which was signed in January 2002 includes a close which enables each partner to review its position at a given moment. We are in this evaluation process. Nothing has been decided," a spokesman with PSA wrote in an emailed statement.
| Edited by: Ayushmann Chawla
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results