The large Toyota-branded van will join the Citroen Jumper, the Fiat Ducato, the Opel/Vauxhall Movano and the Peugeot Boxer. Stellantis sells the vans in diesel and full-electric versions.
Stellantis’ share of Europe’s van market became an issue ahead of the merger between Fiat Chrysler and PSA Group that created the new group in January 2021. The EU’s competition authority ruled in December 2020 that PSA had to extend its van agreement with Toyota by increasing capacity for Toyota and cutting transfer prices for the vehicles, spare parts and accessories.
The EU had concerns that FCA and PSA would dominate Europe’s van market with a combined share of 34 percent, heavily outgunning Renault and Ford, each with a 16 percent share, Volkswagen with 12 percent and Daimler with 10 percent. This dominance could mean higher prices for customers, the Commission said.
“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 said in a statement Monday.