Fiat to build new Russian car plant-local official

Newswire

* Will sign deal for new plant in Q1 2012 * To get financing from lender Sberbank By Liza Dobkina and Gleb Stolyarov ST PETERSBURG, Russia, Dec 21 (Reuters) - Italian carmaker Fiat will sign an agreement to build a major new car plant in St Petersburg during the first quarter of 2012, a local government official said on Wednesday, as it steps up its investment in the fast-growing emerging market. "The decision has been made for Fiat to build a plant. Fiat has found a serious Russian ...

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