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

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat SpA    FIA   IT0001976403

FIAT SPA (FIA)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Fiat And Tata Group To Re-Align Indian Joint Venture

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 12:59pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on FIAT SPA
05:09p Automakers recall 12 million U.S. vehicles over Takata air bags
05/26 FIAT CHRYSLER AUTOMOBILES NV : names new head of Alfa Romeo and Maserati
05/25 FIAT CHRYSLER AUTOMOBILES NV : Appoints New Head of Alfa Romeo and Maserati Bran..
05/25DJFIAT CHRYSLER AUTOMOBILES NV : Google, Fiat Chrysler Begin Work on Self-Driving ..
05/25DJFIAT CHRYSLER AUTOMOBILES NV : Google, Fiat Chrysler Begin Work on Self-Driving ..
05/25 FIAT CHRYSLER AUTOMOBILES NV : Marchionne to stay at FCA till 2019 - Elkann (2)
05/24DJFiat Chrysler Finds New Boss for Alfa Romeo, Maserati
05/24 FIAT CHRYSLER AUTOMOBILES NV : names new head of Alfa Romeo and Maserati
05/23 Toyota recalls 1.6 million U.S. vehicles for Takata air bags
05/23 MONDAY SECTOR LAGGARDS : Vehicle Manufacturers, Oil & Gas Refining & Marketing S..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials