PARIS -- French car maker PSA Peugeot Citroen on Wednesday announced the creation of three new car models, products of its collaboration with Japan's Toyota Motor Corp.
The new Peugeot 107, Citroen C1 and Toyota Aygo, all small cars destined for the European market, will be unveiled at the Geneva motor show next March and will go on sale in 2005, PSA said in a statement.
The three vehicles will be built on a common platform at the Toyota Peugeot Citroen factory in the Czech Republic. The site will have the capacity to make 300,000 cars a year, 200,000 for Peugeot and Citroen and 100,000 for Toyota.
The site will double its workforce to some 3,000 employees, PSA said, with total investment in the project totalling some 1.5 billion euros ($2 billion).