VIENNA – Fiat Auto SpA and China’s Chery Automobile Co. Ltd. sign a memorandum of understanding to supply passenger-car engines to Fiat. Chery will supply 1.6L and 1.8L gasoline engines for application in Fiat cars to be produced inside and outside of China. The two auto makers expect an annual supply exceeding 100,000 engines. The final agreement will be signed before year’s end. “Chery is a young and modern company with a solid technical background, and I am glad to welcome this ...

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