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MartinW
25-07-2006, 02:22 PM
Just as a footnote to the sorry tale of the Tata relationship with MG Rover and the Tata Indica/CityRover - Tata move on to new ventures.

http://msnbc.msn.com/id/14015483/




Fiat and Tata plan India venture
By James Mackintosh in London
Tata Motors and Fiat are planning joint production of small cars and engines in India in the first manufacturing deal since the Indian and Italian carmakers formed an alliance last year.
The tie-up, expected to be signed off on Tuesday by the board of Tata and announced on Tuesday or on Wednesday, will mark a renewed attempt by Fiat to boost its position in the rapidly growing Indian car market.

It comes after Fiat announced deals in China, Russia and car finance on Monday and upgraded profit forecasts for the year as six-monthly car and van sales passed 1m for the first time since 2001.
The deal will give Tata access to modern engineering to support its growth plans, which were hit last year by the collapse of MG Rover, its British partner.
The joint production will be of the Fiat Punto, according to two people familiar with the plan, and could take place at an empty Fiat-owned factory in Ranjangaon, near Pune in western India.
However, the Punto – a surprise hit in Europe that has driven Fiat's return to profit – will be exported from India only to other emerging markets, according to one source.
On Monday, Fiat reported second-quarter net income of €280m ($354m), up from €180m a year before, and a third consecutive quarterly profit at its resurgent car business. It also raised its trading profit forecast and said the car operations would make €200m-€250m this year, up from €200m.
Fiat has put co-operation with other companies at the heart of its strategy since the disintegration of an alliance with General Motors last year.
It signed three joint projects on Monday, on vans with Severstal in Russia, on heavy trucks with Shanghai Automotive Industry Corp in China, and on vehicle financing with Crédit Agricole in Europe.
Other deals include the purchase of a 4x4 from Suzuki, and the joint development of a small car with Ford.
But Tata has become the closest partner, with Ratan Tata, chairman, joining the Fiat board.
Under the alliance, the companies are discussing the possibility of sharing the expensive underpinnings of vehicles. Tata has already agreed to distribute Fiat cars through its dealer network.
Sergio Marchionne, Fiat chief executive, said early discussions were also under way with Tata about an alliance with Iveco, the Italian company's commercial vehicles division.
Fiat on Monday sold its 15 per cent indirect stake in Ashok Leyland, the Indian truckmaker, to the Hinduja group, opening the way to a new Indian alliance for Iveco.
"There will be additional alliances that we will disclose as they are concluded," Mr Marchionne said.
Copyright The Financial Times Ltd. All rights reserved.

MartinW
25-07-2006, 03:00 PM
The latest luxury Indica, the GSX...from the brochure.

GT
25-07-2006, 03:14 PM
Daft observation, but how does the Indica/CityRover fit in to the plans in the press release, which talks about the Indian factory producing the Punto?

MartinW
25-07-2006, 03:46 PM
It doesn't - just thought that most people would recognise the CityRover name and not the name Tata.

leader
25-07-2006, 04:00 PM
Another observation is it a car or a plain?

GT
25-07-2006, 04:02 PM
:lol: I see what you mean!

Martin, sorry I must have been having a blonde moment! :D

MartinW
25-07-2006, 04:05 PM
It's plain to see it's a car being driven off a cliff! :)

The full brochure has tried to allude to 1st class levels of luxury, so the screen grab I made of the interior is a little lacking in this message of being a plane! :)

MartinW
27-07-2006, 10:29 AM
Another Fiat tie-in from Autowired...


Iveco and SAIC sign joint venture for lorries
FIAT GROUP company, Iveco, has signed a joint venture agreement with Shanghai Automotive Industries and Chongqing Heavy Vehicle Group to establish a long-term partnership in China for heavy commercial vehicles.

SAIC Iveco Commercial Vehicle Investment Company Ltd will build a new production plant located in Chongqing, with a total investment of approximately Euro 120m, of which Iveco will be responsible for Euro 40m. This is intended to support a volume increase from the current 15,000 to 40,000 heavy commercial vehicles in the medium term. D A T E : Thursday, July 27, 2006