MILAN, May 25 (Reuters) - Fiat's Iveco truck division has signed a letter of intent with Spain's Santana to jointly develop a new sport utility vehicle (suv). Iveco said on Thursday it expected to sign a formal agreement by the end of the year with the aim of bringing the vehicle to market in about two years. "The agreement between the two companies will envisage the development of a new product, an off-road 4x4 vehicle for professional usage," it said in a statement. "The letter of ...
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