Tofaş, Turkiye announces production targets for 2025 On February 12, Tofaş Türk Otomobil Fabrikası A.Ş. announced that it has produced 140,500 units in 2024, with 75% accounting for passenger cars and 25% for light commercial vehicles. The company announced that it discontinued the production of Fiorino in the first half of 2024. The production of the new commercial vehicle model (K0) was started in the fourth quarter of 2024 and is set to ...

News  Updated at: 2025/02/13

Tofaş, Turkiye signs new loan agreement for financing of K0 model investment On December 19, Tofaş Türk Otomobil Fabrikası A.Ş. signed a sustainability-linked export credit agency (ECA) loan agreement, worth EUR 295 million, with BNP Paribas Fortis SA/NV and ING Bank, a branch of ING-DiBa AG (SACE Lenders), for the financing of K0 model commercial vehicle investment. The loan will support in financing the previously announced and additional ...

News  Updated at: 2024/12/25

e its UK light commercial vehicle (LCV) manufacturing at Ellesmere Port in Cheshire, transforming it into an all-electric vehicle hub with a GBP 50 million investment. The plan aligns with the UK's Zero Emission Vehicle (ZEV) mandate and aims to increase production efficiency, including making more K0 medium-sized battery electric LCVs. Ellesmere Port currently produces small electric LCVs. Stellantis has upgraded the Ellesmere Port plant with a ...

News  Updated at: 2024/11/27

Tofas secures Stellantis production rights for new ‘KO’ model and LCVs in Turkiye On November 4, Tofas signed a production agreement with Stellantis Europe SPA, granting Tofas the production rights in Turkiye under the Stellantis license for the light commercial vehicle and "Combi" versions of the new "K0" model for Stellantis brands (FIAT, Opel, Citroën, Peugeot) on multi-energy platforms. It also signed license agreement for the use of the...

News  Updated at: 2024/11/05

gine casings, it is expanding its brake disc production for the future. The transformation was made possible through employee training and the support of trade unions, exemplified by the Battery Training Center in Douvrin. Stellantis aims to produce 12 electric models in France by 2025, with 30% of K0 family utility vehicles in Hordain assembled with electric engines. Poissy manufactures DS 3 E-Tense and Opel Mokka-e daily, while Mulhouse produce...

News  Updated at: 2023/10/26

rati, Opel, and Peugeot - will be distributed by Tofaş. It will allow unprecedented synergies in commercial activities, production, and R&D globally. Tofaş will further expand its goals and strengthen its credentials with this new investment. Stellantis will also allocate the production of the “K0” model to Tofaş, in both mid-size and light commercial vehicle and passenger car versions, planned for five brands with a target production laun...

News  Updated at: 2023/03/02