Turkish car maker Tofas to invest EU360 million this year

Bloomberg - Tofas Turk Otomobil Fabrikasi AS, which makes cars in Türkiye for Fiat SpA, said it will invest 360 million euros ($556 million) this year to develop new models and increase capacity. Tofas will spend the money on production of the Linea sedan and Minicargo van, which it started producing for Fiat last year, and on developing a new commercial vehicle.