November 10, 2006

Chery buys engines from Fiat

Fiat announced ten days ago that they signed a partnership with Chery in which the italian company will produce 1.6 and 1.8 petrol engines for Chery. The contract says that Chery will get 100,000 engines.

The agreement with Chery gives us the oportunity to improve the activity and productivity of Fiat on the international markets. Chery is a young company with a solid technical background and I'm sure this is a step forward. Our agreement with Chery has the potential to be more on the level of engines and auto components.



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