Fiat’s Turkish JV eyes $1B investment to build Bravo successor

Article by Christian A., on March 13, 2015

Fiat's joint venture in Turkey, Tofas, is planning a $1-billion investment to build a family of compact cars replacing the Bravo in Europe. Three new cars will be built starting next year, primarily for export. According to sources of Automotive News Europe, the family will include a hatchback, sedan and station wagon.

The hatchback and the sedan will replace the Bravo and the Linea, respectively. According to Tofas last year, it would invest $520 million to build 580,000 units of a new sedan model. It recently announced that it would produce 700,000 units of a new hatchback and station wagon in Turkey, for a total investment of $1 billion starting this year while the production will run from 2016 to 2023.

Tofas said in a filing with the bourse that a significant portion of the vehicles are for exports, adding that discussion with Fiat on the details for the conditions of investment, sales and procurement are already in the final stage. Tofas saw sales of the Bravo drop 59 percent to 3,078 units in the first nine months of 2014, according to JATO Dynamics.

Fiat stopped building the Bravo at its Cassino site in Italy in July 2014. The hatchback, sedan and the station wagon will sit on Fiat Chrysler's small US wide architecture that underpins the Fiat 500L small minivan, the Renegade and 500X small SUV.

Tofas's Bursa site in Turkey produces builds the Linea and car-derived vans -- the Doblo and Fiorino for Fiat – and the Citroen Nemo, Peugeot Bipper and Opel/Vauxhall Combo.

If you liked the article, share on:

Comments

Recommended

Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 2017
The Lotus Evora Sport 410 astonished the world after arriving as the more powerful and lighter edition of the already impressive Evora 400. Now, Lotus Cars is throwing in another...
by - July 22, 2017
The Europe-bound WRC hatch developed by Toyota and Gazoo Racing team will be limited to just 400 examples as reported by AutoCar this week. Otherwise known as Gazoo Racing Masters...
by - July 21, 2017
Even cops get excited when they’re assigned to drive the best cars in the market. In Austria, police officers drive around in a Porsche 911 Carrera while in Milan, authorities...
by - July 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries