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Fiat to sign factory deal with GAC of China: source
Rome (AFP) July 6, 2009 Italian auto maker Fiat was Monday to sign an agreement on the construction of a factory in China with the Chinese firm Guangzhu Automobile Industry Group (GAC), an industrial source said. The signing was to take place alongside a meeting here between Italian Prime Minister Silvio Berlusconi and visiting Chinese President Hu Jintao. The new plant was expected to begin turning out vehicles in 2011, starting with the Fiat Linea model, followed by the Bravo and the Grande Punto, the source said, asking not to be identified. The size of the investment was not disclosed. "It's an important step with a strong partner in the process of Fiat's internationalisation and technological development," said Fiat head Luca Cordero Montezemolo, quoted by the Ansa news agency. Share This Article With Planet Earth
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China's BAIC wrote to German officials over Opel: spokesmanBerlin (AFP) July 6, 2009 Chinese automaker BAIC has written to German officials regarding Opel, but an economy ministry spokesman refused Monday to reveal the contents. "A letter effectively exists," the spokesman told a regular news conference, without providing details. On Sunday, a press report said BAIC had offered to take 51 percent of Opel, a troubled unit of US automaker General Motors, with a public ... read more |
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