Citroen C3 Europe

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Scottie Marberry

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Aug 3, 2024, 4:36:47 PM8/3/24

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Toyota Motor Europe and PSA Peugeot Citron announce today a new agreement on light commercial vehicles for the European market. Under the plan, PSA Peugeot Citron is to supply Toyota with light commercial vehicles for sale in Europe under the Toyota brand.

As a first step, starting in the second quarter of 2013, PSA Peugeot Citron will supply Medium Size Vans derived from its existing vehicles Peugeot Expert and Citron Jumpy. The agreement also includes collaboration on next generation vehicles which are to be produced by PSA Peugeot Citron. The collaboration is expected to last beyond 2020.

Under the plan, Toyota Motor Europe is to participate in the development and industrial investment costs for the next generation product. There are no plans for the two companies to enter into capital tie-ups or joint production.

"The Light Commercial Vehicle segment is an important one for us in many markets throughout Europe," said Toyota Motor Europe President and CEO Didier Leroy. "By joining forces with PSA Peugeot Citron, we have found a good solution for our loyal customers following the recent discontinuation of our own Hiace model. We already enjoy a successful joint-venture partnership with PSA Peugeot Citron in the small car segment and they are a leader in the European light commercial vehicle market, with a solid reputation for quality and versatility."

"We are delighted to announce today the enlargement of the scope of our successful cooperation with Toyota. This agreement launches the development of a new generation of mid-size Light Commercial Vehicle offering both companies a competitive product for the European market" quoted Jean-Christophe Qumard, PSA Peugeot Citron programmes executive vice president.

With its two world-renowned brands, Peugeot and Citron, the Group sold 3.5 million vehicles worldwide in 2011, out of which 42% outside Europe. As Europe's second largest carmaker, it recorded sales and revenue of more than &euro59.9 billion in 2011. PSA Peugeot Citron has sales offices in 160 countries. In 2011, the Group dedicated more than &euro2 billion to research and development, especially in new energy vehicles. Its activities also include financing activities (Banque PSA Finance), logistics (Gefco) and automotive equipment (Faurecia). For more information go to -peugeot-citroen.com

Paris (FR) and Berlin (DE), September 21, 2022: Citron and ubitricity, a Member of the Shell Group, have signed a cooperation agreement to make e-mobility more accessible for drivers in European cities. The collaboration aims to encourage drivers to switch to electric vehicles (EVs) and help more cities to offer on-street EV charging to their residents. The aim is to bring awareness to alternative mobility options that support the energy transition by cooperating with innovative solution providers to offer a full-service package for drivers as well as local authorities.

Since 1919, Citron has created automobiles, technologies and mobility solutions to respond to evolutions in society. Being an audacious and innovative brand, Citron places serenity and well-being at the heart of its customer experience and offers a wide range of models, from the unique AMI, an electric mobility object designed for the city, to sedans, SUVs and commercial vehicles, most of them available with electric or plug-in hybrid powertrains. A pioneer brand in services and the attention paid to its individual and professional customers, Citron is present in 101 countries with a network of 6200 points of sale and services around the world. -media.citroen.com

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.