Toyota Motor Europe and PSA Peugeot Citroën have expanded their city car joint venture to include light commercial vehicles. Under the plan, the French company is to supply Toyota with medium-sized vans for sale in Europe under the Toyota brand.
Toyota has been without a light commercial vehicle in its range since the start of the year, when it discontinued production of the Hiace, blaming difficulties in making the van's engines Euro-5 compliant.
Starting from the middle of next year, Peugeot Citroën will supply medium-size vans derived from its existing Peugeot Expert and Citroën Jumpy vehicles, in addition to the city car cooperation that has spawned the Citroen C1, Peugeot 107 and Toyota Aygo models.
The agreement also includes collaboration on next-generation vehicles that are to be produced by PSA Peugeot Citroën. The collaboration is expected to last beyond 2020.
Toyota Motor Europe will participate in the development and industrial investment costs for the next-generation product, but there are no plans for the two companies to enter into capital tie-ups or joint production.
“The LCV segment is an important one for us in many markets throughout Europe,” said Toyota Motor Europe President and CEO Didier Leroy. “By joining forces with PSA Peugeot Citroën, we have found a good solution for our loyal customers, following the recent discontinuation of our own Hiace model.
"We already enjoy a successful joint-venture partnership with PSA Peugeot Citroën in the small car segment and they are a leader in the European light commercial vehicle market, with a solid reputation for quality and versatility.”
Jean-Christophe Quémard, PSA Peugeot Citroën programmes executive vice president, said: “We are delighted to announce the enlargement of the scope of our successful cooperation with Toyota. This agreement launches the development of a new generation of mid-size Light Commercial Vehicle, offering both companies a competitive product for the European market".
The LCV link-up will bolster embattled PSA Peugeot Citroën, which has been heavily criticised by the French government for its recently announced plan to close its Aulnay production facility, which could cost between 6500 and 8000 jobs.
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Hiace
I can't believe they never replaced this version surely it was in production for 15 years or more, I remember this version around 1997. It's not like the second biggest carmaker wouldn't have had the funding to develop a successor?
They ve already reported that
They ve already reported that Fiat pulled out of the venture a few weeks back, they just didnt mention it again in this story.
Only half the story
This is only half the story. The current vans, and the factory, are part of a joint-venture between Fiat and PSA. Fiat is pulling out of this venture, which left PSA seeking a partner. Without a new partner there was a risk that PSA would have to pull out of this market segment and close the Sevelnord plant.
Why was this part of the story, which has been reported by other automotive new websites, not part of the Autocar report?
Neil2129 wrote: This is only
Thats annoying... I didn't know the other half of the story.
Neil2129 wrote: This is only
As i read the news story i was wondering about the Fiat deal, so thankyou for filling in what Autocar left out