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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. 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.

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