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Toyota-Peugeot Czech car plant cuts 2015 production targets

[PRAGUE] Czech car factory TPCA, a joint venture of Toyota Motor Corp and PSA Peugeot Citroen , cut its 2015 production outlook by 10 per cent to 220,000 vehicles, a spokesman said on Wednesday.

The car plant said output this year will rise to 200,000 units, a 10 per cent increase over 2013.

"The car market in Europe is going to grow slower in 2015 than we expected," Radek Knava said.