Fiat CEO sees good chance of SAIC China bus deal
CASSINO, Italy, Oct 5 - Fiat Chief Executive Sergio Marchionne said on Friday he saw a good chance of clinching a deal with Chinese carmaker SAIC on production of buses in China.
The CEO of the Italian auto maker said Fiat's truck division Iveco was studying broadening production to buses from heavy vehicles with SAIC.
"I believe there is a good chance to clinch the accord," Marchionne said on the sidelines of a university event.
Iveco CEO Paolo Monferino told Italian newspaper Il Giornale in its Friday issue Iveco was discussing a joint venture with SAIC.
" a good partner. We are discussing a joint venture with our Irisbus," he said when asked about SAIC.
Iveco is one of the market leaders for light- and medium-sized trucks in Europe. But it trails behind Volvo and other manufacturers in the heavy segment.
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