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Stellantis and Toyota Motor Europe, the operating subsidiary that oversees operations of the Toyota Motor Corp. in Europe and western Asia, have signed a new deal to expand their tie-up and bring large commercial vans to the European market.
Stellantis made the announcement of its expanded partnership with TME on Monday, May 30. It was mentioned that the deal also included the selling of the electric version of the vans in Europe.
As per Reuters, the Hoofddorp, Netherlands-headquartered automobile manufacturing company will supply new vehicles to the European unit of Toyota Motor Corp. the TME will then sell these new vehicle units in the region.
The commercial vans that will be brought to Europe are set to be manufactured at Stellantis’ production facilities in Atessa, Italy, and Gliwice, Poland. Once delivered, it was promised that Toyota Motor’s European customers will benefit from Stellantis’ highly advanced zero-emission technology that can be experienced when driving the company’s Light Commercial Vehicles or LCVs.
The latest agreement between Stellantis and Toyota Motor is also expected to further broaden their team up and allow better optimization of the former’s factory in Atessa, where it is currently building large vans that are being sold under its vehicle brands, including Peugeot, Fiat marques, and Citroen.
“Operational excellence is by definition recognized in this expanded deal and with this third successful engagement, Stellantis is further demonstrating its expertise in the commercial vehicle segment and in developing battery-electric technology built to support a full range of needs,” Stellatis’ chief executive officer, Carlos Tavares, said in a press release.
He added that “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.”
Finally, Toyota Motor Europe’s president and CEO, Matt Harrison, further said that they are pleased that the partnership with Stellantis was extended. He said that this deal for the large size commercial vans is an important addition and completes TME’s LCV line-up for its customers in Europe.
