Invest News DetailHurriyet - Turkish-Italian JV Tofas has rolled out the first Combo model light commercial vehicle (LCV) manufactured in Turkey for the GM group company, Opel. According to a cooperation deal signed between Opel and Fiat late last year, Tofas’ plant in Bursa undertakes the production of Combo LCV, based on Fiat’s popular Doblo design. The addition of the Combo line to Tofas’ busy production lines comes at an investment cost of EUR 137 million. “The new LCV model will create a business volume reaching EUR 1.4 billion for the local spare parts industry,” according to Opel Turkey’s General Manager Ozcan Keklik, speaking at the ceremony held at Tofas Bursa plant. Tofas CEO Ali Pandir said that Tofas has invested more than EUR 2 billion over the last five years in its Bursa plant for capacity increases, modernization and R&D efforts. “The export goal for 2012 would be higher than that of 2011 due to the addition of Opel Combo to our export portfolio,” he added. Tofas Bursa plant produces Doblo and Minicargo based vehicles for Opel/ Vauxhall, Peugeot/Citroen, as well as Fiat itself, and will soon commence production for Fiat’s US partner Chrysler for a rebadged Doblo tailored for the US market. The company will produce a total of 1.5 million LCVs, 85 percent destined for export, under the cooperation deals. Bursa plant’s production will top 320,000 units this year.