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.

If you liked the article, share on:

Topics: psa, peugeot, citroen, toyota, van

Comments

Recommended

Finally, another automaker is getting on the SUV bandwagon. About to reveal its very first SUV is Rolls-Royce, which stated that “the wait is almost over” as it prepares to...
by - February 18, 2018
A lot of people question why there is even a 2018 Mercedes-AMG S65, firstly because it costs a lot more than the S63 sedan ($82,500 more) and yet, it is...
by - February 17, 2018
For those of you who are interested to own one of the BMW i8 Roadsters, be ready to spend some serious cash as the convertible that made its debut at...
by - February 16, 2018
Congested city traffic is a stark contrast to the freedom of marine navigation. But for those who want to experience lavishness in a small urban mobility package like the smart...
by - February 16, 2018
We are pretty much aware that a lot of people purchase limited run cars to sell them for double or triple the price. And this always happens with whatever brand...
by - February 14, 2018
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