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Article: SAIC, IVECO TO UPGRADE STRATEGIC ALLIANCE
- Article from:
- AsiaInfo Services
- Article date:
- September 23, 2009
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AsiaInfo Services
09-23-2009
shanghai+automotive+co[(saiuf)]
SAIC, Iveco to Upgrade Strategic Alliance
WUXI, Sep 23, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese carmaker Shanghai Automotive Industry Corporation (SAIC) and Iveco Motors, a world-known truck, bus, and diesel engine manufacturer in Italia, lately entered into a new framework agreement upon the strategic alliance upgrade.
In the near future, both parties will integrate their commercial car resources and create a complete business system through a 50-50 joint venture named SAIC Iveco Commercial Vehicle Investment Co. To be specific, the JV is mainly designed to stimulate the existing commercial vehicle assets, to ...