Fiat SpA plans to produce up to 500,000 Fiat and Chrysler cars a year in Russia through its 2.4 billion euro ($3.29 billion) joint venture with local partner Sollers, as Reuters reports.
According to a Government statement cited by the agency, Prime Minister Vladimir Putin will attend the signing ceremony between Fiat and Sollers which takes place today in the town of Naberezhnye Chelny. The plant will produce nine Fiat and Chrysler models. A small part of the production output is destined fo… (read more)