Fiat ends Nanjing JV, but keeps working on parts

Newswire

(Adds quote, details) MILAN, Dec 26 (Reuters) - Italian automaker Fiat has ended its joint venture with Nanjing Automobile after its Chinese partner decided to merge with Chinese peer SAIC Motor . In a joint statement released on Wednesday, Fiat said it had agreed to sell its 50 percent stake in the venture for passenger cars to Nanjing for an undisclosed amount. But it would keep working with Nanjing in the commercial vehicle and components sectors. "Although their collaboration in ...

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