[TI] China in Sicily?

[nell lamantia]

all they need to do is produce a good reliable car that is cheap and they 
will take the market.  Most people don't care about
looks or speed.
----- Original Message ----- 
From: "Barbara Jenkins" <hjenkins at SW.rr.com>
To: <TerminiImerese at comunesofitaly.org>
Sent: Monday, December 14, 2009 3:57 PM
Subject: [TI] China in Sicily?


> http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=29646
>
> Chery may take over Fiat's factory in Sicily
>
> Dec. 14, 2009 (China Knowledge) - Chinese automobile manufacturer Chery 
> Automobile Co may become the buyer of Sicily-based Termini Imerese, a 
> production base of Italian automaker Fiat SpA, the Wall Street Journal 
> reported today.
> It is said that the two companies are still in preliminary talks and no 
> agreement is expected to be reached before Fiat's negotiation talks with 
> the Italian government and the trade union on Dec. 22.
> Earlier this year, Fiat and Chery decided to postpone a joint venture plan 
> to manufacture cars this year, due to the global economic downturn.
> Despite the negative effects brought by the financial crisis, Chery will 
> still expand rapidly in its overseas market. With the completion of 
> factories in Argentina, Russia and Uruguay, the number of Chery's overseas 
> manufacturing bases will exceed 15 within this year.
>
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