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Sergio Marchionne, Chief Executive Officer of Fiat, and Jean
Martin Folz, Chief Executive Officer of PSA Peugeot Citroën,
met with the international press at the Sevel plant in
Atessa (Chieti, Italy), the largest light commercial vehicle
production facility in Europe, to set a new, important
milestone in the partnership between the two groups.
Co-operation between the two Groups began in 1978 for the
development of a commercial vehicle, and was rewarded over
time by a huge commercial success.
In January 2002 this
co-operation was extended to 2017. The agreement, signed in
2002, defined the terms for the development and
industrialization of two new light commercial vehicles
ranges, the first of which was unveiled today at the Atessa
production facility. Production of the second range of
vehicles will start at the end of 2006 at the other joint
facility located in Valenciennes (France), where the Fiat,
Lancia, Peugeot and Citroën-branded large MPVs are also
manufactured.
More recently, in March 2005, the two Groups signed an
agreement to develop and produce a third vehicle: referred
to as “minicargo”, it will be manufactured in the Bursa
plant in Turkey under the co-ordination of Tofas and in
close co-operation with the two companies.
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Starting in 2007 the Fiat Auto plant in Cordoba,
Argentina (above,) will assemble a PSA Peugeot
Citroën gearbox to be mounted on Peugeot and Citroën
cars sold in South America. Within this 10-year
agreement annual production is scheduled at 140,000
units. |
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The
new Ducato X250 is heir to a successful model and
has set itself the goal of continuing to be the
benchmark in its category for style, practicality,
performance, comfort and reliability. Its look is
therefore cutting edge and distinctive. It ensures
easier loading and greater loadcapacity plus
outstanding performance and quality of life on
board. The vehicle also offersstate-of-the-art
telematic and safety equipment yet guarantees, most
importantly of all,lower running costs.
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Production of the new family of commercial vehicles, with
the product code X250, began a few days ago at the Atessa
plant. The two Groups invested over 1.1 billion euros for
this new vehicle. The new Fiat Ducato, Peugeot Boxer and
Citroën Jumper build on the heritage of models that have
been market leaders in Europe for the past seven years, with
over 2 million units sold.
This new generation of commercial vehicles sets new
standards in terms of range variety and product
specifications: increased payload, improved performance,
comfort and lower running costs. In a further development of
the relationship between Fiat and PSA Peugeot Citroën, a new
industrial agreement has been signed. Starting in 2007 the
Fiat Auto plant located in Cordoba, Argentina, will assemble a PSA
Peugeot Citroën gearbox to be mounted on Peugeot and Citroën
cars sold in South America. Within this 10-year agreement
annual production is scheduled at 140,000 units.
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