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   IT0001976403

FIAT SPA (FIA)

105
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
12:34p Strong truck, SUV demand helped Ford, GM raise prices in June
12:16p FIAT CHRYSLER AUTOMOBILES NV : Italy car sales rise 14.4 percent in June - trans..
11:59a Strong truck, SUV demand helped Ford, GM raise prices in June
11:59a Fiat Chrysler to start Jeep production in India from 2017
09:06aDJChrysler, Ford Sales Rose in June; GM's Fell
08:55a FIAT CHRYSLER AUTOMOBILES NV : June 2015 FCA US LLC sales in USA
08:20a FIAT CHRYSLER AUTOMOBILES NV : Partnership between FCA, CNH Industrial and Israe..
06/30 FIAT CHRYSLER AUTOMOBILES NV : Jeep celebrates the 'Montreux Jazz Festival 2015'
06/30 FIAT CHRYSLER AUTOMOBILES NV : FCA successfully completes syndication of the rev..
06/30 FIAT CHRYSLER AUTOMOBILES NV : FCA Successfully Completes Syndication of the Rev..
Advertisement
Chart
Duration : Period :
Fiat SpA Technical Analysis Chart | FIA | IT0001976403 | 4-Traders
Income Statement Evolution
More Financials