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Article: General Motors.(new models planned at Fiat, Peugeot-Citroen)(Brief Article)
- Article from:
- Europe
- Article date:
- July 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Delegation of the European Commission. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Europe's top car manufacturers plan to invest tens of billions of dollars in the next three years launching new models and growing sales in overseas markets.
Fiat of Italy has earmarked $14 billion to bring nineteen new models onto the market by the end of 2005 and to improve the image of its three brands--Fiat, Lancia, and Alfa Romeo. It also plans to launch the new Alfa Romeo Spider sports car in the US in early 2005 and fore casts sales of up to 30,000 through the dealership network of its partner General Motors, which owns 20 percent of its stock.
France's Peugeot-Citroen plans to launch twenty-five new models between 2001 and 2004, compared with ...