PARIS – PSA Peugeot Citroen expects the European market for minicars (B1 segment) like those from the recently inaugurated joint venture plant with Toyota Motor Corp. in Kolin, Czech Republic, to double within the next three years. The B1 segment, which includes the Renault Twingo and Fiat Panda, accounted for 5.5% of the European market in 2004. "But it could be 8%-12% in three years, thanks to an enlarged (product) offer," says a PSA spokesman, who adds the segment has fallen 45% in ...
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