Ford and Fiat to build cars together
09-11-2005, 11:30 PM
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Ford and Fiat to build cars together
First step? Devise new acronym to describe broken down vehicles. (Yeah, teh funnay was stolen from fark).
http://news.bbc.co.uk/2/hi/business/4228802.stm
http://news.bbc.co.uk/2/hi/business/4228802.stm
Italy's Fiat and US giant Ford are to co-operate on producing and developing new small cars.
The deal comes seven months after the end of Fiat's partnership with another major US carmaker, General Motors.
Ford said the plans were for two new vehicles - a new Fiat Cinquecento and a replacement for the Ford Ka.
A Fiat spokesman confirmed that the company planned to work with Ford on a new small car range, using the existing Fiat Panda as a platform.
On Tuesday, Fiat's chief executive Sergio Marchionne said he planned to strike a deal with another car manufacturer by the end of the year, but gave no details at the time.
The deal comes seven months after the end of Fiat's partnership with another major US carmaker, General Motors.
Ford said the plans were for two new vehicles - a new Fiat Cinquecento and a replacement for the Ford Ka.
A Fiat spokesman confirmed that the company planned to work with Ford on a new small car range, using the existing Fiat Panda as a platform.
On Tuesday, Fiat's chief executive Sergio Marchionne said he planned to strike a deal with another car manufacturer by the end of the year, but gave no details at the time.
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