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Mitsubishi to build pickup truck for Fiat

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Fiat and Mitsubishi have signed a non-binding Memorandum of Understanding (MoU) to develop and manufacture a midsize pick-up truck which would be supplied by Mitsubishi and based on the L200.

This long-promised addition to Fiat's Professional lineup is one of five new light commercial vehicles it plans to deliver by 2018.

Production will begin in early 2016 at Mitsubishi's assembly plant in Thailand. The Japanese automaker is expected to supply Fiat with 150,000-170,000 trucks over six years.

Don't look for a Fiat truck in North America anytime soon, however. Fiat wants to sell it in the Latin American market, Europe, the Middle East, and Africa.

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