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Fiat

Fiat in new venture

PUBLISHED : Wednesday, 02 October, 1996, 12:00am
UPDATED : Wednesday, 02 October, 1996, 12:00am

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Fiat says it has signed a joint venture with two Chinese companies to produce gearboxes for Iveco trucks it makes in China.


The venture, called Haveco, will be equally owned by Fiat, Yuejin Motor Group and Hangzhou Advanced Gearbox Corp and will have initial capital of $185 million.