Fiat signs accord with Peugeot to exit SevelNord jnv

Newswire

MILAN, July 26 (Reuters) - Fiat said on Thursday it had signed an agreement with France's PSA Peugeot Citroen which seals the Italian auto maker's exit from their shared commercial van plant in northern France. As previously announced, Peugeout will take full control of the SevelNord joint venture by year end. Fiat said the its shareholding in the SevelNord joint-venture would be transferred to Peugeot on or before Dec. 31, 2012 at a symbolic value. ...

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