Fiat SpA, Chery Auto Join Forces to Produce Cars for China Market

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Fiat SpA and Chery Auto­mo­biles signed a deal to joint­ly pro­duce cars for the Chi­nese mar­ket. For­mer­ly joined with Nan­jing Auto, Fiat Chi­na sales lag behind oth­er automak­ers and Fiat’s goal of sell­ing 300,000 cars in Chi­na by 2010. Chery already has 8.2% Chi­na mar­ket share.