Fiat signs deal to make cars in Iran

Newswire

MILAN, Jan 26 (Reuters) - Fiat Auto signed an agreement to make and distribute cars in Iran on Wednesday under a deal that will not require the loss-mired Italian carmaker to invest more than its expertise. Under the cooperation deal, Iran's Pars Industrial Development Foundation will invest 200 million euros ($260.3 million) in the plant which should eventually pump out more than 250,000 units a year, Fiat Auto said in a statement. Fiat Auto will not invest any cash but would provide ...

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