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Hyundai’s van plan signals rougher time for PSA, Renault

Hyundai is preparing to enter the European commercial van market with a Turkish-built vehicle, a source said, adding to signs that Renault and PSA/Peugeot-Citroen could lose their grip on a lucrative part of the auto industry.

Hyundai will debut a large van at September’s Hanover truck show and begin production with Turkish partner Karsan next year, a person familiar with the plan told Reuters. Hyundai declined to comment.