UPDATE 1-Tofas, Fiat sign commercial vehicle deal

Newswire

(Adds quote, background) ISTANBUL, June 22 (Reuters) - Italian carmaker Fiat and its Turkish joint venture Tofas have signed a deal to produce 120,000 light commercial vehicles annually in Turkey, Tofas said in a statement on Friday. It did not identify the vehicle but newspaper reports this week said the companies would invest 350 million euros ($470 million) in making the new Doblo van model in Turkey. Tofas shares were up 2.4 percent at 6.45 lira at 1225 GMT, outperforming a ...

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