From China Daily:
China’s Nanjing Auto and Italy’s Fiat have decided to breathe new life into their partnership by respectively investing an additional three billion yuan (389.6 million U.S. dollars) in their joint venture Nanjing Fiat.There had been reports that Fiat was likely to end its partnership with Nanjing Auto as the Chinese company delayed investing in the joint venture despite the Italian auto giant’s plan to invest 500 million euros over five years in a drive toward meeting its 2010 sales goal of 300,000 vehicles in China. [Full Text]
