 | Fiat and Chinese Chery Automobile have made an agreement of Fiat and Alfa Romeo production for Chinese markets. Both companies will have 50 % share of the new company. Yearly production estimation is 170 000 vehicles. The first Alfa 159 Sedans will be produced in 2009, after that also 147 models will be produced. At start cars will be assembled of parts made outside China.
Chery is the biggest car production company in China and already has agreements with Chrysler and Israeli Quantum. Fiat's earlier agreement with Nanjing Augtomobile Group will be closed.
Helsingin Sanomat 11.8.2007 | |