PSA Peugeot Citroen CEO open to expand mini-car collaboration beyond Toyota

April 23, 2015 10:35 AM

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PSA Peugeot Citroen CEO open to expand mini-car collaboration beyond Toyota

SHANGHAI (Reuters) - French automaker PSA Peugeot Citroen (PEUP.PA) is open to bringing in more partners to its existing collaboration with Toyota Motor Corp(7203.T) to share the cost of designing and manufacturing mini-cars, according to its chief executive.

Carlos Tavares, PSA Peugeot Citroen's chief since last year, said the company's current cooperation with Toyota is "moving very smoothly, very collaboratively," but he is also inclined to expand the collaboration to include more automakers to spread costs further.

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