Fiat on Monday said would create vehicle making joint ventures in China and Russia.
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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.
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