FRIDAY, MARCH 22, 2002
Fiat launches Palio model in China
AFP
MILAN: Italian automaker Fiat said on Friday it is launching a specially designed version of its Palio model for the Chinese market, where it hopes to sell 20,000 cars this year and 50,000 in 2003.
The cars are being produced in China by a joint venture with Yuejin Motor Group.
Fiat stressed the huge market potential of China, where the population of 1.3 billion has only five million cars, of which 750,000 were registered just last year.
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