Brief: Tofas Says Up To 232 Mln Euros Will Be Invested For Manufacturing Project Of "K0" Light Commercial Vehicles And "Combi" Versions In Turkey With 1-Mln Production Target Between 2024-2032

Tofas Turk Otomobil Fabrikasi

05/11/2024 05:37

Nov 5 (Reuters) - TOFAS TURK OTOMOBIL FABRIKASI
 TOASO.IS :
    * SAID ON NOV. 4, WITH MANUFACTURING AGREEMENT OF STELLANTIS
EUROPE'S NEW "K0" LIGHT COMMERCIAL VEHICLE MODEL AND "COMBI"
VERSIONS IN MULTI ENERGY PLATFORMS FOR STELLANTIS BRANDS IN
TURKEY, UP TO 232-MILLION-EURO WORTH INVESTMENTS WILL BE MADE   
    * SAYS THE TARGET IS TO PRODUCE 1 MILLION VEHICLES BETWEEN
2024
AND 2032 
    * THE DISTRIBUTION RIGHT OF THE ABOVE-MENTIONED VEHICLES
PRODUCED
FOR FIAT BRAND IN TURKEY IS GRANTED TO TOFAŞ
    * THE DISTRIBUTION RIGHT OF OTHER STELLANTIS BRANDS (OPEL,
CITROEN, PEUGEOT) IN TURKEY WILL BE TRANSFERRED TO TOFAŞ IF THE
ACQUISITION OF STELLANTIS OTOMOTIV IS EXECUTED

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nIKA7DLcb2
 Further company coverage:  TOASO.IS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))