Fiat has secured an exit from its SevelNord joint venture with PSA Peugeot Citroen.
The shared commercial vehicle plant in northern France will transfer to full Peugeot ownership at the end of the year.
However it will continue to make vans for both companies until new emissions standards come into place at the end of 2016.
It assembles the Peugeot Expert, Citroen Dispatch and Fiat's version, the Scudo.
PSA earlier this week sealed a deal to supply Toyota with vans for sale in Europe.
It will also work with the Japanese manufacturer jointly on a new generation of LCVs.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
Irishboy4 - 26/07/2012 19:57
Bad news/good news. PSA announce the closure of a french factory with loss of 8000 jobs, Autocar give the new 208 a mediocre rating of 3 stars and sales of Peugeot continue to slide. Where did their Mojo get lost? The 205 GTi, 205 diesel, 405 turbo diesel and the superb 605 2.1 turbo diesel were all class leaders and innovative. Where oh where did it all go wrong? Come back Tod Evans, Peugeot UK needs you!!!!!!!