Fiat signs letter of intent with Russia's Sberbank
Cars and light commercial vehicles in joint venture
28 February, 17:54
Guarda la foto1 di 1 (ANSA) - Turin, February 28 - Fiat and Russia's Sberbank on Tuesday signed a letter of intent for the production and distribution of cars and light commercial vehicles in Russia.
The Russian bank plans to bankroll the project and take a 20% stake in the joint venture, the Italian carmaker said.
The project will be led by the new Jeep model adapted from Fiat's US arm Chrysler, with an investment of up to 850 million euros
Saturday, 3 March 2012
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