Reuters logo
Fiat and Peugeot will invest in Sevel for five more years
July 9, 2013 / 11:01 AM / 4 years ago

Fiat and Peugeot will invest in Sevel for five more years

MILAN, July 9 (Reuters) - Italian carmaker Fiat said on Tuesday it will invest 550 million euros ($707.55 million) to build light trucks in Italy over the next five years, while its partner Peugeot will invest 150 million euros.

Fiat and Peugeot will invest a combined amount of over 700 million euros to build the Fiat Ducato, the Peugeot Boxer and the Citroen Jumper, Fiat said in a statement.

Fiat and Peugeot build the vehicles at their Sevel factory joint venture. The accord is due to end in 2019.

Fiat did not indicate plans after that date.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below