Nanjing Fiat discloses its China strategy

Fiat has a new investment plan in China, on a scale of USD 50 million to 150 million, together with up to three new models. To this end, the profits gained by Nanjing Fiat in 2003 will be reinvested in the company. By 2004 when the new models are put into production, annual capacity will be increased to 200,000 units from the current 80,000-100,000 units.