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Statement By A Fiat Spokesperson On Fiat And Ford Looking Into A Strategic Cooperation On A New "A Segment" Car


September 2005
 Filed under: FIAT Car News | FIAT Headlines
Fiat and Ford confirm that strategic discussions have been taking place between management representatives of Fiat and Ford of Europe on whether it might be advantageous to both companies to pursue joint development of a future “A segment” (also described as “sub-B” segment) car in Europe.
These discussions have been progressing positively, to the point we have both signed a Memorandum of Understanding.

The two new vehicles that would be involved, with highly differentiated designs, would be a new Fiat 500 and a replacement for the current Ford Ka.

By working together on this project, both companies would envisage reduced development and material costs, while providing highly competitive products to the marketplace.

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