Fiat on Monday said would create vehicle making joint ventures in China and Russia.
Go deeper with GlobalData
In statements cited by Reuters the automaker said its Iveco truck division had signed an agreement with China’sSAIC Motor and Chongqing Heavy Vehicle Group to form a heavy truck-making venture with an investment of EUR120m.
It would also will build as many as 75,000 Ducato vans a year in Russia in a venture with local carmaker Severstal.
The companies aim to sell part of the production in Russia, while Fiat will export the remainder, Fiat reportedly said.
The Ducato is made by a Fiat Auto JV with the PSA group in Italy.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
