Fiat Plans To Pump $650Million into China Joint Venture

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...