Peugeot inks auto agreement

PSA Peugeot Citroën and Turkish automotive manufacturer Karsan have signed a letter of intent to launch a feasibility study for a technical cooperation project.



According to PSA Peugeot Citroën, the project involves the co-development and manufacture of mechanical sub-assembles for specialty light commercial vehicles. It will also study the feasibility of assembling these versions in Karsan’s plant in Bursa, Turkey and in a number of neighbouring countries.



Karsan already assembles the Peugeot Partner in Bursa and has developed a stretch version of the vehicle. Both versions are produced for the local market.



PSA Peugeot Citroën currently holds more than 6% share of the Turkish automobile market, which is one of the biggest in central and Eastern Europe with close to 620,000 units sold in 2006.