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March 12, 2003

TURKEY: Tofas launches Fiat Stilo

Turkish News Digest reports that local car maker Tofas, equally owned by Turkish industrial conglomerate Koc Holding and Fiat Auto, launched the Stilo model this week.

By bcusack

Turkish News Digest reports that local car maker Tofas, equally owned by Turkish industrial conglomerate Koc Holding and Fiat Auto, launched the Stilo model this week.

The model will be available in two-door, three-door and Multi Wagon versions equipped with 103bhp 1.5-litre petrol and 115bp 1.9-litre turbo diesel hp engines.

Prices start at 29.6 billion Turkish lira ($US18,400/16,600 euros).

Fiat Auto has invested about 900 million euros ($US993.5 million) in Stilo production while Tofas aims to keep its 15% share of the Turkish market in 2003.

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