Hatchback hits market NANJING — Nanjing Yuejing Automotive Co. is building a new hatchback passenger car in China by the end of the year, a company official says. The company is a joint venture between Fiat SpA's Iveco and Nanjing Motor Corp. The new hatchback, which will sell for RMB60,000 (US$7,248), will compete in China's growing auto market by being priced substantially lower than other JV — produced family cars. Production is expected to begin at 3,000 cars annually, a number that ...
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