Fiat, Renault ventures in Turkey plan record production

ISTANBUL (BLOOMBERG) -- Turk Otomobil Fabrikasi AS (Tofas), the Turkish unit of Fiat S.p.A., and Oyak-Renault, Renault SA's local unit, plan record outputs this year, a Turkish newspaper said.Tofas plans to make 320,000 units and Oyak-Renault plans to produce 308,000 vehicles this year, Hurriyet said, citing Tofas CEO Ali Pandir and Oyak-Renault CEO Tarik Tunalioglu.Oyak-Renault plans to boost sales to more than $4 billion this year from $3.7 billion last year, Tunalioglu said according to the newspaper.