Sevel is an acronym of "Société Européenne de Véhicules Légers" (European Light Vehicle Company), established in 1978 by PSA Peugeot Citroën and Fiat for a joint venture of factories building cars for both carmakers. Formerly, Alfa Romeo, Lancia and Talbot were also part of the joint venture. Sevel Argentina was its subsidiary. Sevel Sud in Italy began manufacturing in 1981. Sevel Nord in France started in 1993. Fiat sold its share of Sevel Nord to PSA in 2012. A joint venture extension for Sevel Sud sees joint manufacturing remaining there until 2019.