9.16SAIC, Iveco to expand CV lineup in China JV

SAIC, Iveco to expand CV lineup in China JV

 

http://autonews.gasgoo.com/auto-news/1012189/SAIC-Iveco-to-expand-CV-lineup-
in-China-JV.html

 

Shanghai, September 16 (Gasgoo.com) SAIC Motor and Iveco, Fiat's truck and
engine divison, said yesterday that they planned to develop more commercial
vehicle (CV) models and expand the product lineup for their joint venture in
China, media reported.

 

In addition to light buses and heavy-duty trucks, SAIC and Iveco will
develop and make large- and medium-sized buses, special vehicles and core
components. They will also jointly build a technical center and integrate
their resources in China to create a leading, competitive CV giant.

 

SAIC Motor and Iveco have a joint venture in southwest China's Chongqing
city that makes heavy-duty trucks. In late 2007, Iveco's parent Fiat
withdrew from a loss-making car venture with China's Nanjing Auto after the
latter merged with SAIC Motor.

 

In their joint statement, SAIC and Iveco said they aimed "to seize the good
opportunity of the Chinese commercial vehicle market development, and
continuously meet the demands of high-quality and full-range commercial
vehicles."

 

Auto sales in China soared 81.7% last month from a year earlier to 1.14
million units. SAIC Motor is China's largest automaker in terms of sales and
the flagship Chinese partner of General Motors.

 

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