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TPCA Plans to Reduce Vehicle Production From May, CTK Reports

Toyota Peugeot Citroen Automobile Czech, a car venture formed by Toyota Motor Corp. (7203) and PSA Peugeot Citroen, plans to reduce production to four days a week as of May as demand for smaller cars in European markets declined, CTK reported, citing the company.

The plant is estimated to produce 221,000 cars this year, a fifth less than a year ago, CTK said.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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