Fiat signs JV deal with Russia's Sberbank-paper

Newswire

MILAN, Feb 26 (Reuters) - Italian car maker Fiat has signed a letter of intent with Russia's Sberbank for a joint-venture that will produce and sell Jeep-branded cars in the country, Italian newspaper Corriere della Sera reported on Sunday. Fiat and its U.S. affiliate Chrysler Group are looking to expand in fast-growing emerging markets like Russia to offset slow growth in Europe. A Russian official said in December that Fiat would sign an agreement to build a major new car plant in St ...

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