Fiat gets nod for auto financing services in China
Fiat said on Thursday its automotive financing arm has received regulatory approval to provide financing services in China.
Fiat Automotive Finance Co, with an investment of 500 million Yuan ($67.87 million), will provide financing services for imported and locally made Fiat vehicles sold in the country, the Italian automaker said in a statement.
Major industry giants, such as General Motors Corp and Volkswagen AG have been offering such services for years to bolster growth in the world's second-largest auto market.
Fiat, which also makes the Maserati and Ferrari models, operates two manufacturing ventures in China with Nanjing Automobile (Group) Corp, making sedans and light buses. It also operates a truck making venture in southwest China.
In August, Fiat signed an initial deal with China's Chery Automobile to make cars in China. The venture, scheduled to start operation in 2009, will have an annual capacity of 175,000 units.Views:0
- When Every Second Counts, Allison Transmissions Get You There Faster 2015-07-07
- JAC the Biggest Middle East Service Center is Completed 2015-03-26
- MAN Delivers 440 Trucks to Saudi Arabia and Expands Service Network 2013-08-15
- Dayun Provided Service Trucks for the Taklimakan Rally 2013-06-19
- Volvo Trucks Gold Service Agreement Leads to New Service Concepts 2012-12-07
- CNHTC: Successful Completion of National Service Skill Contest 2012 2012-10-23
- Volvo Trucks 2011 “One Million Kilometers without Overhaul” Customer Award Unveils 2012-02-20
- Commercial vehicle companies compete on service in 2011 2011-08-24
- JAC Syria Dealer Service training 2009-12-18
- JAC International Held 2009 Overseas Distributor Service Training Opening Ceremony 2009-10-26
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021