PSA, Fiat, Tofas to cooperate on light vehicles

Newswire

PARIS, March 31 (Reuters) - France's PSA Peugeot Citroen said on Thursday it had signed a cooperation agreement with Italy's Fiat and Turkey's Tofas jointly to develop and produce small light commercial vehicles. PSA said the new vehicles were scheduled for rollout in 2008 and would extend the current Peugeot, Citroen and Fiat product ranges. The company said the vehicles would be produced at Tofas's plant in Bursa, Turkey, and that annual production capacity would be 135,000 units, ...

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