Fiat CEO says China venture near to breaking even

Newswire

SHANGHAI, Oct 30 (Reuters) - Fiat's venture with Nanjing Auto will be close to break-even this year, and is expected to make money next year, the Fiat group's chief executive officer Sergio Marchionne said on Monday. The venture has lost money for the past couple of years, Marchionne noted. He also told Reuters on the sidelines of an industry forum in Shanghai that the Fiat group would invest over 500 million euros ($635 million) in China between now and 2010. (1 euro = $1.2727)

Premium Content (PAID Subscription Required)

"Fiat CEO says China venture near to breaking even" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Apr 29, 2016
video
WardsAuto

Chrysler Pacifica: Judging for 2016 Wards 10 Best Interiors

The Chrysler Pacifica, evaluated by editor Bob Gritzinger, is a 2016 Wards 10 Best Interiors winner....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×