Fiat in Talks with China's Guangzhou
Fiat <FIA.MI> is in talks with China's Guangzhou Automobile Industry Group over technical cooperation, Automotive News said on its website, as the Italian car maker strives to progress in the world's No.2 auto market.
"We have discussed technical cooperation with Guangzhou Automobile," Paolo Arpellino, Fiat's chief of China operations, told Automotive News China, according to the magazine's website.
Fiat in Italy was not immediately available to comment.
Guangzhou would be a third partner for Fiat in China.
Fiat's current deal to set up a car manufacturing venture in the country with Chery Automobile Co, China's fourth-largest car maker, continued satisfactorily, Arpellino added.
Automotive News quoted people familiar with the matter saying Fiat could sell one of its existing platforms to Guangzhou Auto.
Arpellino added that Fiat was open to other deals in China.
"We are always open to other partnerships and exploring opportunities under any possible form in a market as important as China," he said on the website.
Fiat has made little headway in China, where General Motors <GM.N> and Volkswagen <VOWG.DE> have been reaping hefty profits.
Late last year, Fiat pulled out of a loss making car venture with Nanjing Automobile after the firm merged with SAIC Motor.
Canton Fair Hotel Special Hong Kong Hotel Deals Compare and Reserve International Flights
Related News
Site Map | About Us | Terms and Conditions | Privacy | Contact Us | Communities | Links
Foire de Canton Hôtels Chine | La Feria de CANTÓN Hoteles | Übersicht Kanton-Messe Hotels | Fiera di Canton Hotel Cina | Feira de Canton Hotéis
Shanghai Hotels | Guangzhou Hotels | Shenzhen Hotels | Dongguan Hotels | Beijing Hotels | China Hotels | China Accommodation
Hangzhou Hotel | Shanghai Hotel | Guangzhou Hotel | Shenzhen Hotel | Dongguan Hotel | Beijing Hotel | Canton Fair | XiAn Hotel | Qingdao Hotel
Hong Kong Hotels | Taipei Hotels | Tokyo Hotels | Los Angeles Hotels | Las Vegas Hotels | New York Hotels | Hong Kong Hotel | Frankfurt Hotels
Use of this Web site constitutes acceptance of the
Wentrip User Agreement and Privacy Policy.
Copyright?2010,
CantonFairs.net All Rights Reserved.