Fiat joint venture in Turkey to invest heavily to produce Bravo replacement image

Fiat operates in Turkey through a joint venture with Tofas, which announced it’s aiming to invest $1 billion to secure the production of the upcoming lineup of compact models designed to replace the ageing Bravo.

Tofas didn’t provide specifics on the models, such as the name or other details; only stating it would output three new models since 2016, mostly for export. According to reports, the new compact lineup should be comprised of a hatchback, sedan and station wagon. The first would be the Bravo successor, while the second should replace the Linea model. The latter is actually based on the subcompact Punto model and has been sold by Fiat in certain regions – such as central and eastern Europe and Turkey. The station wagon would come in the family for the first time since the Stilo Multiwagon was axed back in 2008.

According to Tofas, “talks with the Fiat Group Automobiles on the details for the conditions of investment, sales and procurement are in the final stage,” and the company would spend $520 million to produce 580,000 sedan units. A further combined 700,000 hatchbacks and station wagons would be added, with the production scheduled to run from 2016 to 2023 and the overall investment standing at $1 billion.

Via Automotive News Europe