Fiat SpA and PSA Peugeot Citroen settled a deal that would allow them to share investment in the progress of new delivery vans. The cars were intended to be produced in Italy. Four people with knowledge of the matter provided the information. They refused to be named since the deal wasn't announced yet.

The two car manufacturers would split costs to make a new version of a full-sized van. This would be built at central Italy's SevelSud plant. Fiat was scheduled to announce at the plant on July 9. The spokespersons froms Fiat and Peugeot did not give a comment about the contract.

Fiat and Peugeot consolidated to produce the Fiat Ducato, Peugeot Boxer and Citroen Jumper models. In May 2011, they agreed to end the same alliance to make mid-sized delivery vans in France.

Paris-headquartered Peugeot planned to invest higher than Euro 750 million or US$962 million to manufacture latest models on its own. Peugeot wanted to keep the SevelNord plant open.