ITALY: Fiat denies rumours of talks with SAIC
Italian newspaper Il Sole 24 Ore has reported that Fiat is reportedly pursuing partnership negotiations with Shanghai Automotive Industry Corporation (SAIC), the Chinese state-owned group which earlier this month declined to form a partnership with the UK's MG Rover. SAIC yesterday denied that it had any agreement with Fiat, other than existing ones with Iveco and CNH, respectively the Italian group's trucks and tractors subsidiaries.
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