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The WEB won't help Fiat
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The WEB won't help Fiat
The Ministry of economic development has allowed Fiat to produce cars in Russia under the old rules opening up. But the Bank refused to Finance this project. Manual Fiat announced that the company is ready to produce at the Russian plant of up to 120 thousand cars annually. Recall that under the new industrial Assembly rules, a foreign company is required to produce 350 thousand cars per year. But Fiat has made an exception. The Russian Government decided that the Italian company is impractical to produce such a number of cars. Fiat will invest $ 1.1 billion in the construction of the two plants. One will produce cars, and second motors. The company will be located in Nizhny Novgorod. There will be eight models of Fiat and Chrysler. Meanwhile, the Bank has stated that he is not going to Finance the construction of the Fiat factory. Now the WEB is more interested in the project "Ford-Sollers". Thus, the issue of financial support Fiat remains open.
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