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.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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!!!!!!!