Fleet News

Fiat and PSA in van development partnership

FIAT and PSA Peugeot Citroen have today signed an agreement with Tofas, a Turkish automotive firm, to develop a small, entry-level commercial vehicle.

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.'

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