Fiat in deal to get Chery engines for cars

Newswire

MILAN, Oct 31 (Reuters) - Italy's Fiat said on Tuesday it had entered into an agreement with Chery Automobiles for the Chinese company to supply it with engines for some of its cars. Fiat said in a statement its automotive division, Fiat Auto, had signed a memorandum of understanding with Chery for it to supply gasoline engines for cars made in China as well as outside the country. "The two companies expect an annual supply exceeding 100,000 engines," it said.

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