6Jun/090
Fiat produces its 10 millionth vehicle in Brazil
Fiat has just produced its 10 millionth car in Brazil and is now the no.1 car manufacturer in that country, ahead of Volkswagen and General Motors. Fiat, which has been building cars and LCVs in Brazil since 1976, today produces 15 different models (and dozens of variants thereof) in that country.
With a daily production of 3,000 units per day, Fiat sold 60,628 vehicles in Brazil during May this year, which represents a 25.5% market share in the South American country. Fiat is now said to be working on a very low cost car which it is expected to launch in South America and Asia - including India - sometime in 2011.
[Via: indiaautomotive]