Showing posts with label Tofas. Show all posts
Showing posts with label Tofas. Show all posts

Saturday, 22 November 2014

Tofas JV to invest $1 billion in Turkish plant

Fiat's Turkish joint venture, Tofas, plans to invest US$1 billion to produce its Linea replacement, adding different variants to the Tofas plant.

Tofas, a joint-venture (JV) between Turkey's Koc Holding and Italy's Fiat, is to expand its investment programme and spend a total of US$1 billion to produce three new cars in Turkey, mainly destined for export, according to the Zaman newspaper.