Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Fiat SpA    FIA

FIAT SPA (FIA)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Fiat And Tata Group To Re-Align Indian Joint Venture

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

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

React to this article
Latest news on FIAT SPA
09:02a Fiat Chrysler, Australia ex-CEO lock horns in court dispute over spending
07/30 FIAT CHRYSLER AUTOMOBILES NV : is closing the gap with Ford, GM on profits in No..
07/30 FIAT CHRYSLER AUTOMOBILES NV : N.V. : Regulation FD Disclosure, Financial Statem..
07/30 FIAT CHRYSLER AUTOMOBILES NV : Standard & Poor's Improves Outlook on FCA N.V.'s ..
07/30 FIAT CHRYSLER AUTOMOBILES NV : earns $364 million in 2Q despite fines
07/30DJFiat Chrysler's Profit Jumps -- Update
07/30 FIAT CHRYSLER AUTOMOBILES NV : ++ FCA closes Q2 with net profit 333 mln euros, u..
07/30 FIAT CHRYSLER AUTOMOBILES NV : ++ FCA closes Q2 with revenues up 25% to 29.2 bn ..
07/30 FIAT CHRYSLER AUTOMOBILES NV : raises revenue forecasts after second quarter pro..
07/30 FIAT CHRYSLER AUTOMOBILES NV : raises outlook as Q2 profit jumps 70 percent
Advertisement
Chart
Duration : Period :
Fiat SpA Technical Analysis Chart | FIA | IT0001976403 | 4-Traders
Income Statement Evolution
More Financials