World Economy

Mitsubishi, Fiat Sign MoU

Mitsubishi, Fiat Sign MoUMitsubishi, Fiat Sign MoU

Reuters) - Mitsubishi Motors Corp and Fiat Group Automobile said on Friday they have signed a non-binding memorandum of understanding (MoU) for a possible deal under which the Japanese automaker would develop and manufacture a mid-sized pickup truck for Fiat, Reuters reported. The truck would be based on the next generation L200 model, they said in a joint statement.