MUMBAI – Fiat Auto SpA and India's Tata Motors Ltd. recently signed a memorandum of understanding to form an alliance that would help both reduce their risks and costs. Joint teams currently are analyzing the feasibility of such a linkup and exploring the nature of cooperation across national and global passenger-car markets. Tata Indica would benefit from Fiat diesel technology. Their study will encompass design and development, technology and manufacturing, distribution of cars ...

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