Friday, August 10, 2007
Fiat signs joint venture with Chinese car company
Fiat, as expected, has signed a letter of intent for a joint venture with Chinese car manufacturer Chery Automobile.
Under the plan around 175,000 cars a year will be produced from 2009 and, for the time, Alfa Romeo models will be sold in China.
The move is the latest in a series of developments by Fiat to develop multiple alliances worldwide to offset research and production costs while preserving its independence.
DATED: 10.08.07
FEED: AW
Under the plan around 175,000 cars a year will be produced from 2009 and, for the time, Alfa Romeo models will be sold in China.
The move is the latest in a series of developments by Fiat to develop multiple alliances worldwide to offset research and production costs while preserving its independence.
DATED: 10.08.07
FEED: AW
