Toyota reconfirmed its obligation to its minicar coalition with PSA even although French automaker has consented a capital tie up with China's Dongfeng Motor Corp.
"Partnering with PSA enables Toyota to be rewarding in the A-section and here is the reason we expanded this partnership," Toyota Europe CEO Didier Leroy said in the Geneva auto show where the firm unveiled its second-generation Aygo minicar.
The Aygo is constructed in a PSA-Toyota joint venture plant in Kolin in the Czech Republic alongside Citroen C1 and the Peugeot 108, each of which also debuted in the show.
PSA last month unveiled a 3 billion euro capital increase where the French state and Dongfeng will each pay 800 million euros for 14 percent of the carmaker. Leroy said PSA's tie up together with the Chinese producer hasn't changed his company's relationship with the French automaker. "So far, so great," he said.
Toyota's minicar coalition with PSA is 10 years old. The Kolin plant has a yearly capacity of 300,000 units. The Aygo, which will be just sold in Europe, plays an essential role in Toyota's profitability because area.
Greater distinction
Established in 2005, the primary-generation Aygo , C1 and Peugeot 107 were more like identical twins than sister versions, with their differences restricted to fender and headlamp contours. The newest-generation versions that debuted here this week have significantly greater distinction.
"We clearly share the stage and also the complete powertrain, the windshield and the doors but the remaining body is unique for every brand," said Karl Schlicht, Toyota Europe executive vice president responsible for sales, promotion and merchandise.
Last year Toyota sold 65,000 Aygos. Sales of the brand new version will start in June and Schlicht forecasts they are going to reach 80,000 components in 2015, the very first complete year of new generation's creation.
The brand new Aygo will simply have gasoline engines. Toyota dropped a diesel choice 3 years past due to limited demand. There also aren't any strategies to introduce a hybrid variant, which may be overly pricey for the minicar section, Schlicht said.
Hybrid Vehicle increase
Regardless of this omission of a petrol-electric minicar in the line, hybrid vehicle account for a fast growing percentage of Toyota sales in its European area, which includes 56 states and contained Russia and Turkey.
Toyota's hybrid vehicle sales in Europe increased to over 19 percent of overall volume this past year from 12 percent in the year 2012. Hybrid Vehicle penetration fluctuates extensively between marketplaces and versions, powerfully affected by differences in tax and incentive schemes. Petrol-electrical versions account for 65 percent of Auris TS compact station wagon sales, 40 percent of Auris compact hatchback sales and 30 percent of Yaris subcompact sales.
"We were anticipating high hybrid vehicle take up of around 50 to 55 percent for fleet-oriented versions like the Auris TS, but the marketplace reply was even better," Schlicht said.
He said that despite this there are not any major capability constraints on European generation of the Yaris and Auris hybrid vehicle. "We could be short for a couple of months of some essential hybrid vehicle parts coming from Japan when demand additionally peaks in other areas," he said, "but so far we haven't experienced any serious capacity constraint."
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