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Monday July 2, 8:01 PMFiat wants China venture to stick to 2010 target-CEOTURIN, Italy, July 2 (Reuters) - Italian car maker Fiat wants its Chinese joint venture to stick to a production target of 300,000 vehicles by 2010, Chief Executive Sergio Marchionne said on Monday, after it fell short of 2006 goals."We want to be able to produce 300,000 units by 2010. If they follow us on this, that will be good, if not, we'll see (what to do)," Marchionne told reporters on the margins of an event. Sources familiar with the matter told Reuters on Saturday that Fiat could mend its troubled relationship with Nanjing Automobile after the local government interceded. Marchionne said in May he was unhappy with Nanjing Automobile -- which has been relaunching the MG brand which Fiat does not own -- and was considering scrapping its alliance. The venture had sales of 31,300 autos in 2006, short of Marchionne's target of 40,000. Turning to Fiat's home market, Marchionne said Fiat's share of the Italian market was above 30 percent in June and the car maker had met objectives in the second quarter. "I don't have any bad news for you. We are making the figures we set out," he said. Official figures from the Transport Ministry on June car sales are due on Monday at around 1600 GMT. Shares in Fiat were up 0.77 percent at 22.25 euros by 1149 GMT, in line with the DJ Stoxx European autos index . |
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