Official: PSA/Peugeot-Citroen will supply light commercial vans to Toyota

Article by Christian A., on July 25, 2012

PSA/Peugeot-Citroen will supply light commercial vans to Toyota Motor to be sold under its own brand in Europe under a deal that both automakers had recently signed. In the second quarter of 2013, Peugeot will begin to offer medium-sized vans based on the current Peugeot Expert and Citroen Jumpy models.

They said that this agreement, which includes collaboration on future vehicles to be built by Peugeot, may extend farther than 2020. Toyota Europe CEO Didier Leroy said that the light commercial vehicle segment is significant in several markets across Europe. He said that this is a “good solution” for its customers as it had recently phased out the Hiace model.

The Sevel Nord plant in Lieu Saint-Amand, France, will build the vans that PSA will supply to Toyota. PSA spokesman Pierre-Olivier Salmon said that the Sevel Nord factory is presently operated under a joint venture with Fiat Group. On July 11, the automakers said that PSA, Europe's No. 2 automaker, agreed to purchase Fiat's stake in Sevel Nord by the end of 2012.

Salmon said that the company has to meet three conditions in order to make these vehicles. It would first have to undo the joint venture with Fiat. Then it will have to get a new partner and enter a deal with Sevel Nord unions to make the factory more competitive. Peugeot’s stock increased by up to 1.3% to 6.65 euros at 9:10 a.m. today in Paris. This year, its stock has dropped by 37% this year.

Topics: psa, peugeot, citroen, toyota, van

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries