Poland tipped as first choice for euro 1.5 billion car plant

The Japanese press is reporting that Poland is the most likely location for a new car plant to be set up by Toyota of Japan and Peugeot-Citroen of France. The plant will produce 300,000 small cars annually, for sale on the markets of Western and Eastern Europe. The cost of the investment is estimated at euro 1.5 billion, a third of which will be used for the construction work. Toyota and Peugeot-Citroen yesterday signed a letter of intent on setting up the new plant. The decision on its location will be taken by the end of the year, with the Japanese press reporting that the only realistic alternative to Poland is France. (Gazeta Wyborcza, p. 23) P.J.