Toyota nears agreement to buy vans from PSA’s Sevelnord, France plant

Article by Anita Panait, on July 23, 2012

Toyota is nearing a deal to acquire light commercial vans from PSA/Peugeot-Citroen's Sevelnord factory in France, according to a report by French daily La Tribune. The purchase agreement entails Toyota buying between 5,000 and 10,000 vans annually from the plan starting 2013. Toyota would then badge the vehicle with its own brand, according to La Tribune, citing source privy to the matter.

Sevelnord, a joint venture between PSA and Fiat, has been threatened with possible closure after the Italian carmaker confirmed plans to withdraw from the partnership.

PSA recently announced the closure of another factory in France as well as the termination of services of around 8,000 employees, but remained hopeful that the Sevelnord plant, which is home to Peugeot 807 and Citroen C8, could still survive even after Fiat’s exit.

According to Sevelnord manufacturing chief Denis Martin, the plant’s future depends on finding a new partner as well as and getting concessions from the plant’s unions.

In April, then French President Nicolas Sarkozy that PSA and Toyota were holding talks to production at the Sevelnord plant after Fiat's departure. [source: Automotive News - sub. required]

If you liked the article, share on:

Topics: psa, toyota, france, plant

Comments

Recommended

Nissan is commencing sales of the 2019 Nissan Altima on October 3, 2018 in the United States. As expected, the Japanese carmaker has already divulged the details and specs of...
by - November 26, 2018
Sports utility vehicles are still in heavy demand. Ford knows this very well as the American carmaker has seen sales of its SUVs surge dramatically by 28 percent in the...
by - November 26, 2018
BMW’s European customers who are looking forward to have a new range extender version of the 2019 BMW i3 (BMW i3 REx) will have to bear a bad news from...
by - November 26, 2018
Imagining the future of automotive luxury more than three decades from now seems to be a daunting task. It would be hard for a typical person imagine such future without...
by - November 21, 2018
Can a Dacia Duster be compared with a Ford Mustang? It would be difficult to do so as these vehicles compete in different categories and segments, have different price points...
by - November 20, 2018