Piaggio studying JV in China for small vehicles

Newswire

MILAN, July 29 (Reuters) - Italian scooter maker Piaggio has signed a memorandum of understanding with China's Zongshen Industrial Group to look at the possibility of a joint venture for small commercial vehicles, it said on Tuesday. The venture would be owned equally between the two companies and would develop three- and four-wheel Ape line vehicles in Chongqing in China, Piaggio said. Piaggio already has a joint venture with Zongshen based in Foshan, in Guangdong province, which was ...

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