Czech TPCA car plant production falls 20 pct in 2012

Newswire

PRAGUE, Jan 29 (Reuters) - Production at TPCA, the Czech car assembly plant jointly owned by Toyota Motor Corp and PSA Peugeot Citroen, fell by a fifth to 215,000 vehicles in 2012 due to weak European demand, a spokesman said on Tuesday. "The situation on the European market is such that a stagnation or drop is expected this year," TPCA spokesman Radek Knava said. TPCA had flagged a hit due to fall in production of its small-model cars in February last year. The ...

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