Toyota and PSA Peugeot Citroen have announced details of an agreement that will see a new range of vans built under the Toyota name go on sale in Europe and the UK. This follows recent news of our engine collaboration with BMW.
The plan will see PSA Peugeot Citroën supply Toyota with light commercial vehicles.
The PSA Peugeot Citroën-made vans will be derived from the Peugeot Expert and Citroën Jumpy. Under the terms of the Toyota and PSA Peugeot Citroen deal, the supply of vehicles will commence from mid-2013.
Toyota Motor Europe will also participate in the development and industrial investment costs of future products. There are no plans for the two companies to enter into capital tie-ups or joint production.
TME President and CEO Didier Leroy said: “The Light Commercial Vehicle segment is an important one for us in many markets throughout Europe. 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.”
“We are delighted to announce today the enlargement 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,” said Jean-Christophe Quémard, PSA Peugeot Citroën programmes Executive Vice President.
Details in this article were correct at the time of publication.