Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Fiat SpA    F   IT0001976403

FIAT SPA (F)

124
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Fiat And Tata Group To Re-Align Indian Joint Venture

05/02/2012 | 06:59am US/Eastern
Recommend:
0

Fiat SpA (FIATY) and Tata Motors Ltd. (TTM) have agreed to revamp an alliance in India, a move that will lead to the Italian auto maker handling the distribution and servicing of its cars in the South Asian country.

The two companies will, however, continue with their equally owned joint venture to manufacture the Fiat and Tata brands of cars as well as their engines and transmissions at a factory at Rajangaon in western India, they said in a joint statement.

Tata Motors is currently managing the distribution of Fiat's products in India.

"As part of the growth plans and in order to provide greater focus on the Fiat brand, Tata Motors will hand over the distribution and service responsibility for Fiat cars in India to a Fiat Group-owned company being formed for this purpose," according to the statement.

-By Santanu Choudhury, Dow Jones Newswires; +91-11-4356-3305; santanu.choudhury@dowjones.com

Recommend :
0
React to this article
Latest news on FIAT SPA
2h ago FIAT : General Meeting of Shareholders of Fiat S.p.A. on August 1, 2014 - Questi..
11h ago FIAT : Chrysler Group Taps Vari-Form as a Top-Performing Supplier Finalist for 2..
1d ago FIAT : Dodge Receives 3 J.D. Power APEAL Awards
2d ago FIAT : Chrysler Group Honors Vari-Form
4d ago Mazda recalls U.S. cars with faulty Takata air bags
4d ago FIAT : Chrysler Group Assigned Patent
5d ago U.S. AUTO SALES SEEN RISING 9 PERCEN : JD Power-LMC
5d ago Fiat and Peugeot dismiss latest tie-up report
5d ago FIAT : CHRYSLER -Dodge Earns Three J.D. Power APEAL Awards for Charger, Challeng..
5d ago FIAT : CHRYSLER -Good Vibrations: Mopar Fuels Performance with New Shaker Hood K..
Advertisement
Chart
Duration : Period :
Fiat SpA Technical Analysis Chart | F | IT0001976403 | 4-Traders
Income Statement Evolution
Fiat SpA : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF