The continuation of manufacturing at the plant is assured, Sarkozy said in in an interview, the local French newspaper reported.
Sevelnord, located near the northern French city of Valenciennes, is currently operated under a joint venture with Fiat SpA. The partnership with the Italian carmaker won’t be renewed when it expires in 2017, Peugeot said in May, raising questions over the future of the factory.
Discussions between Toyota and Peugeot, Europe’s second- biggest carmaker, were first reported by Bloomberg on March 29.
To contact the reporter on this story: Mathieu Rosemain in Paris at email@example.com
To contact the editor responsible for this story: Chad Thomas at firstname.lastname@example.org