Fiat to invest more than 700 mln euros in Sevel light truck plant

Atessa, ITALY July 9 Tue Jul 9, 2013 6:20am EDT

Atessa, ITALY July 9 (Reuters) - Italian carmaker Fiat Chief Executive Sergio Marchionne said on Tuesday the company's investment at its SevelSud light truck plant amounts to over 700 million euros ($900.52 million).

He was speaking to workers and local authorities inside the factory.

Fiat has a partnership with Peugeot to produce light trucks at SevelSud until 2019.