Fiat-Chrysler will source a new midsize pickup for European and Latin American markets from Mitsubishi. The companies said the model will be based on the next generation L200.
The two automakers have signed a non-binding memorandum of understanding. Although they gave no further details, it is understood the pick up will be sold under the Fiat Professional commercial vehicle brand.
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Mitsubishi already has an agreement to supply its Attrage sedan [a Mirage hatchback spin-off], which is made in Thailand, to Fiat partner brand Chrysler for sale in Mexico, according to a Reuters report. The L200 is also currently built in Thailand although there is no indication as to where the Fiat pickup will be assembled.
Fiat Chrysler’s new five-year plan unveiled in May includes a pickup for Europe and Latin America debuting in 2016. Fiat’s current range includes the Strada, a front wheel drive-only unibody small pickup built in Brazil.
Fiat makes OEM versions of its small Doblo van line for General Motors’ Opel/Vauxhall brands and also for Chrysler’s Ram truck unit in North America.
In a further twist, the Mitsubishi plant in Thailand until recently built Nissan’s Navara under contract until the latter opened a new plant.
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By GlobalDataBroadening Fiat Professional’s lineup is seen as crucial to make the company’s European business profitable again. It aims to return to profit by 2016 after several years of losses.
