UPDATE 2-Fiat quits money-losing Nanjing car JV in China

Newswire

(Adds joint dateline with BEIJING, quote, details, background) By Gilles Castonguay and Jason Subler MILAN/BEIJING, Dec 26 (Reuters) - Italy's Fiat said it had pulled out of a money-losing Chinese joint venture partner Nanjing Automobile after the firm merged with bigger Chinese autos group SAIC Motor . Fiat has been unhappy with Nanjing Auto's level of commitment to the venture, and raised the possibility of finding another partner to make passenger cars in China, the world's second ...

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