The large Toyota-branded van will be a part of the Citroen Jumper, the Fiat Ducato, the Opel/Vauxhall Movano and the Peugeot Boxer. Stellantis sells the vans in diesel and full-electric variations.
Stellantis’ share of Europe’s van market turned a problem forward of the merger between Fiat Chrysler and PSA Group that created the brand new group in January 2021. The EU’s competitors authority dominated in December 2020 that PSA had to prolong its van settlement with Toyota by growing capability for Toyota and chopping switch costs for the automobiles, spare components and equipment.
The EU had considerations that FCA and PSA would dominate Europe’s van market with a mixed share of 34 p.c, closely outgunning Renault and Ford, every with a 16 p.c share, Volkswagen with 12 p.c and Daimler with 10 p.c. This dominance might imply larger costs for prospects, the Commission mentioned.
“This agreement strengthens our leadership in the EU30 for LCVs and low emission vehicles and moves us a step closer to realizing our Dare Forward 2030 goal of becoming the undisputed global light commercial vehicle leader, in terms of technology, manufacturing, market share and profitability,” Stellantis CEO Carlos Tavares mentioned in an announcement Monday.
Stellantis to build large vans for Toyota in Italy, Poland & More Latest News Update
Stellantis to build large vans for Toyota in Italy, Poland & More Live News
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Stellantis to build large vans for Toyota in Italy, Poland & More News Today
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