Sevel, a joint venture betweenAuto SpA and Peugeot Citroen, launches production of its first wave of new commercial vehicles – the Fiat Ducato, Citroen Boxer and Peugeot Jumper – at its Sevel Sur plant in Val di Sangro, Italy.
Production of a second family of vehicles, stemming from a €1.1 billion ($1.4 billion) project codenamed X250, will begin later this year at Sevel Nord in Valenciennes, France. Those vehicles will bear, Lancia, Citroen and Peugeot badges.
A third vehicle, described as a minivan, will be launched later. It will be assembled in Turkey.
Fiat andalso expand their cooperation by announcing plans to build a gearbox at a Fiat plant in Cordoba, Argentina. The component will be installed in Peugeot and Citroen cars sold in South America.
The 10-year deal calls for annual production of 140,000 transmissions.