Ford Motor Co. and Fiat Auto SpA finalize their agreement to jointly develop and produce two subcompact cars expected to hit the market in 2007 and 2008. The cars, in the sub-B segment, include the new Fiat 500 and the first redesign of the Ford Ka. Projected production is 240,000 units to be split evenly between the two models targeting the European market. (See related story: Fiat Would Take Lead in Ford Small-Car Partnership) The current Panda platform will be the base of ...

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