The vehicle, which will be marketed by each brand, will go into production in 2008 at the Tofas plant in Turkey, and will see a total investment of €350 million.
Annual production capacity for the LCV will be 135,000 units, two-thirds for PSA and the remainder for Fiat.
A statement from the three partners on the new vehicle says: 'Powered by especially fuel-efficient engines, it will enable the partners to proactively meet the expected growth in the entry-level segment with a range of particularly affordable vehicles. The new models will deliver effective environmental and mobility solutions for business use in metropolitan areas, as well as excellent highway performance.'
Fiat and PSA in new van partnership
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- 31 March 2005
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