Toyota Motor and Groupe PSA have announced further collaboration in the European market. In an announcement late last week, the companies jointly announced the following:
From end 2019, PSA will expand the range of commercial vehicles supplied to Toyota Motor Europe for sale in Europe under the Toyota brand by supplying them with a C-Van from its Vigo plant in Spain.
The two entities began working together on mid-size light-commercial vehicles in 2012, with the Toyota PROACE produced at Groupe PSA’s Hordain plant, France.
The aim of the deepening collaboration is for both companies to use their respective strengths to offer both compact and mid-size light commercial vehicles in Europe, benefiting from development and production cost optimisation. Toyota will participate in the development and industrial investment costs for the future light-commercial vehicle.
Further, from January 2021, Toyota will take financial ownership of the Toyota Peugeot Citroën Automobile Czech plant in Czech Republic. This plant was a joint venture between the two that was started in 2002.
The plant will become a subsidiary of TME, joining the seven other plants Toyota already operates in Europe. The Kolin plant will continue to produce the current generation compact A-segment models for the two companies.
