Fiat is ready to take advantage of the booming Chinese automotive market: the Italian company’s joint venture with the Chinese Guangzhou carmaker has received government approval and plans to produce the first vehicles by September next year, as China Car Times reports.
The equally-owned joint business has been developed through a $732 million investment. The new tie-up will have its headquarters in the Changsha Economic Zone, located in the center of the Chinese Hunan province.
The Guangz… (read more)