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Fiat expanding in Russia with Chrysler cars

by David Zatz on

Sollers, a local partner of Fiat, plans to produce up to half a million cars per year based on both Fiat and Chrysler designs, according to a Russian government statement. A signing ceremony is to take place today at a plant which will assemble nine Fiat and Chrysler cars; if the plant reaches capacity, Sollers will become Russia’s second largest automaker, after AutoVaz, which is 25% owned by Renault and currently produces a version of the previous-generation Dodge Stratus (among other cars).

At least half of the components of the joint-venture cars will be locally produced, and at least 10% of total production is to be exported from Russia.

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