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:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 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