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Chery-Fiat: a new kind of 50:50 JV

After months of rumors and speculations, China¡¯s independent carmaker Chery Autmobile and Fiat of Italy finally made their move.   On August 6, Chery and Fiat signed a memorandum of understanding (MOU), quite unexpectedly, for the establishment of a passenger car joint venture in Wuhu, Anhui Province.   The 50:50 joint venture will produce

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