Press: TPCA makes loss worth almost 100 million USD
TPCA, the car manufacturing joint venture between Toyota and PSA Peugeot Citroen, made a loss of 2.2 billion crowns (77.3 million euros, 98.6 million dollars) in 2005, the daily Mlada fronta Dnes reported on Tuesday. According to the paper, TPCA turnover in 2005 reached 21 billion crowns (737.6 million euro, 941.9 million dollars). In 2005 the company produced only a third of its eventual capacity, TPCA president Yasuhiro Takahashi told the paper. This year turnover should rise to about 1.8 billion euros with car production climbing to 300,000 units, a spokesman added.