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The Nanjing Fiat CEO said that the Fiat Group is planning on a 500 million euro fuel injection ($650 million) over the next five years.
China's overall car sales increased by 45% for the first nine months of this year, but Fiat saw their sales down by 7% to only 23,000 units.
The cash infusion is Fiat's way of saying they still have a vision for the joint venture...or they have money to burn. Continue reading...
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