China's Chery Automobile considers expanding cooperation with Fiat
BEIJING (XFN-ASIA) - Chery Automobile is considering calls by Fiat SPA to expand their co-operation, the South China Morning Post reported, quoting Fiat president Sergio Marchionne.
The Hong Kong newspaper reported that Marchionne had showed an inclination towards setting up a joint venture with Chery.
But the newspaper quoted Chery spokesman Wang Wei as saying: 'We have not yet expressed our intentions.'
In October, the companies signed an agreement for Chery to supply engines for Fiat (nyse: FIA - news - people ) cars. Chery is expected to supply Fiat with 100,000 engines per year.
The Hong Kong newspaper reported that Marchionne had showed an inclination towards setting up a joint venture with Chery.
But the newspaper quoted Chery spokesman Wang Wei as saying: 'We have not yet expressed our intentions.'
In October, the companies signed an agreement for Chery to supply engines for Fiat (nyse: FIA - news - people ) cars. Chery is expected to supply Fiat with 100,000 engines per year.
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