Guangzhou Auto (GAC) to invest CNY800 mil. in GAC-Fiat
Also GAC-Fiat venture will open another facility in Panyu, Guangzhou, Guandong province, to produce Jeeps.
Guangzhou Auto (GAC) will invest CNY800 million (USD128.65 million) into its joint venture (JV) with Fiat in China to expand the JV's production capacity in China, a report in Sinocast has said. A further CNY1 billion will be invested in the GAC-Fiat JV for a new "product and supporting motor project", the report claims.
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