Fiat To Sell Doblo Van In U.S., Canada
ROME (AP) — Fiat SpA, which controls Chrysler, plans to sell its Doblo van in the U.S. and Canada starting in 2013.
The Turin-based automaker said Friday the Fiat Doblo vehicles would be sold under the Ram brand. Fiat said it had signed a letter of understanding with its Turkish joint-venture partner Tofas for the export of 190,000 units under a seven-year-deal.
The Doblo is made at the Tofas plant in Bursa, Turkey. A Fiat statement said Tofas would invest more than $160 million (€115 million) to make the necessary adjustments for the North American market.
Fiat has completed its purchase of U.S. and Canadian government shares of Chrysler to become the majority stockholder.