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Fiat, Peugeot to develop new commercial vehicle

TURIN, Oct 25 (Reuters) - Fiat will join forces with France's PSA Peugeot Citroen and Turkish carmaker Tofas to develop a new light commercial vehice, the Italian automaker said in a statement.

The new car will be produced by Tofas -- a joint venture between Fiat and Turkey's Koc Holding -- at its Bursa plant.

Fiat gave no further details. Fiat already works with Peugeot Citroen on light commercial vehicles, manufactured in jointly owned production plants.