Italy’s Fiat SpA plans to produce a second car in China as it aims to enhance its presence in the country, where its sales lag far behind those of its competitors, the Wall Street Journal reported Wednesday, citing a person familiar with the matter. Fiat will unveil the Ottimo at the Guangzhou motor show Thursday, the source was quoted as saying. The hatchback is derived from the Viaggio sedan, which is the only other model that it builds in the country. Fiat will build the vehicle at the Changsha plant it shares with joint-venture partner Guangzhou Automobile Group Co. (02238.HK), according to the report.
– Contact HKEJ at firstname.lastname@example.org