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

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 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