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Toyota to Take Full Stake in Czech JV with PSA

Toyota to Take Full Stake in Czech JV with PSA

   Nagoya, Nov. 30 (Jiji Press)--Toyota Motor Corp. <7203> said Friday that it will acquire all shares owned by Groupe PSA in their Czech joint venture to make it a fully owned subsidiary in January 2021, in a bid to strengthen production in Europe.
   PSA, which controls major French automaker Peugeot SA, currently holds a 50 pct stake in the joint venture, Toyota Peugeot Citroen Automobile Czech.

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