PSA Group and Toyota have decided to end joint production of small cars by 2021 but will add cooperation in light commercial vehicles.
Nov. 26, 2018
Nov. 26, 2018—PSA Group and Toyota have decided to end joint production of small cars by 2021 but will add cooperation in light commercial vehicles, reported News 18.
Toyota will acquire PSA's stake in the joint venture.The two groups will expand cooperation in the production of light commercial vehicles in France and Spain
PSA would go on assembling commercial vehicles for Toyota at its Sevelnord plant in northern France, while the group's Spanish factory in Vigo would produce new Toyota vehicles.
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