Fiat confirms end to Nanjing joint venture

Newswire

MILAN, Dec 26 (Reuters) - Fiat confirmed on Wednesday it was pulling out of its passenger car joint venture with Nanjing Automobile, but said it would keep cooperating with its Chinese partner in the commercial vehicle and components sectors. Fiat , Italy's biggest industrial group, said in a statement it would sell its stake in the venture to NAC. Earlier in the day, Nanjing Automobile President Yu Jianwei said the two automakers had ended their venture because Nanjing Automobile was ...

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