BEIJING — Fiat SpA's Teksid Co. Ltd. enters into a major engine joint venture with Yuejin Motor Group. The move is seen as a major step in paving the way for Fiat to build passenger-car models in China. The new 50-50 JV, Najing Teksid Aluminum Foundry Co. Ltd. (NTAF) represents a US$22 million investment and has the capacity to turn out 340,000 gasoline and diesel engines annually. A Fiat official says in a published report that the Italian automaker plans to join with Yuejin to make ...

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