UPDATE 2-Tofas, Fiat in $500 mln commercial vehicle project

Newswire

(Adds second Tofas statement) ISTANBUL, June 22 (Reuters) - Italian carmaker Fiat and its Turkish joint venture Tofas have signed a deal to produce 120,000 units of a new light commercial vehicle annually in Turkey, Tofas said in a statement on Friday. The project envisages a 370 million euro ($500 million) investment including research and development and production start-up costs for a new vehicle would replace the Doblo van. "The new vehicle, which is planned to be offered for sale ...

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