PSA Peugeot Citroën (PSA ) and Toyota Motor Corporation (TMC ) are announcing that after three years of cooperation, another phase of their joint project is complete. It concerns the conception and subsequent development and production of three new models in the small cars category for the European market. The cars have already been named - Peugeot 107, Toyota Aygo and Citroën C1 and both designers have decided at this stage in the project to reveal  the « face » of the car before the public.The first official photos of the modern four-seater cars will be unveiled for the first time in March at next year's International Motor Show in Geneva and introduced on the market for 2005.

Each of the three silhouettes reflects the uniqueness of character of Peugeot, Citroën andToyota. Nevertheless, the number of elements in structure and component parts shall be shared between Peugeot 107, Toyota Aygo and Citroën C1. .

The compact cars with the length of 3.4 meters, width of 1.6 m and height 1.4 m (see table) are equipped with the latest generation of power units (petrol 1.0 l and diesel 1.4 l) with a very low fuel consumption and advanced safety and environmental technologies. The cars are maximally adapted to be used in city traffic and have been designed to meet the demands of the European market, which is currently characterized by an increasing demand for these types of vehicles - the basic models of each brand. .

All three cars are built on a common platform and will leave the assembly line of the new Toyota Peugeot Citroën Automobile (TPCA) factory in Kolín in the Czech Republic in 2005. The timetable of operations published in July 2001 was very strictly followed: the development of the automobile and the construction of the factory were implemented as planned. The annual production capacity of TPCA will be 300,000 vehicles, including 200,000 for Peugeot and Citroën and 100,000 for Toyota.

This project will mean the creation of thousands of direct and indirect jobs for local development. To this day 1,500 employees have already been hired for TPCA and in September 2005, there will be 1,500 more jobs leading to a total of 3,000 people employed by this factory. The total investment costs including the costs of research and development of cars and the construction of the factory plant are estimated at 1.5 billion euro.

Brand           Length           Width               Height
Peugeot3     428 mm          1 630 mm        1 470 mm
Toyota3       405 mm          1 615 mm        1 465 mm
Citroën         3 429 mm       1 630 mm        1 470 mm