Fiat signs up for Tatarstan production

Fiat signs up for Tatarstan production
Italy’s Fiat will produce light commercial vehicles with the automotive arm of Severstal.

The deal is worth an estimated $150 million. Production of the Ducato – priced between $15,000 and $20,000  – should begin in Tatarstan by the end of 2007. The vehicles will be destined for Russian and foreign markets.