PSA Peugeot Citroën and Toyota announce the birth of triplets, two French and one Japanese. The March 2005 Geneva Motor Show will mark the official announcement, with sales to start soon thereafter, but the proud parents couldn’t resist sharing preliminary details with the public.
The trio will be built at the joint Toyota Peugeot Citroën Automobile (TPCA) plant in Kolin, Czech Republic. Annual capacity is 300,000 vehicles, with Toyota taking 100,000. Power comes from either a 1.0-liter inline four-cylinder gasoline engine or a 1.4-liter diesel. The parents say their children will play exclusively in Europe, where the entry-level minicar segment is growing. Vacations are out of the question as the birthing process—including R&D and start-up costs—is estimated to have cost €1.5 billion.