Toyota to buy out PSA Group stake in Czech factory

Toyota to buy out PSA Group stake in Czech factory

A Toyota Motor Corp. badge is displayed on the wheel hub of a vehicle inside the Toyota City Showcase exhibit at the company's Mega Web car theme park in Tokyo, Japan, on Friday, Feb. 3, 2017. Photographer: Kiyoshi Ota/Bloomberg

Toyota has agreed to buy out PSA Group’s stake in a jointly-managed Czech Republic factory specializing in the production of small cars, the companies said on Friday.

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