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| Fiat Auto purchased ACTECO engines from Chery in b |
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Release time:
2006-12-26 16:05:33 Visit
frequency:
201
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Today Fiat Auto and Chery Car declared the signing of a cooperation memo. According to this memo, Chery will supply 1.6L and 1.8L gasoline engine to Fiat for Fiat automobiles produced at home and abroad. It is predicted the annually supply of engines will exceed 100,000. Both parties will sign the final supply agreement in the end of this year.
Mr. Sergio Marchionne, the CEO of Fiat Group and Fiat Auto said: "our agreement with Chery will further improve our product competitiveness in the world".
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| Information sources:
Supplier of China
Releaser:
China Jewelry Suppliers
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