Fiat Chrysler Confirms Discussions With Foxconn
17 Januar 2020 - 8:42AM
Dow Jones News
By Cristina Roca
Fiat Chrysler Automobiles NV (FCA.MI) said Friday that it is in
talks with electronics company Foxconn Technology Group (Hon Hai
Precision Industry Co.) (2317.TW) over plans to create a joint
venture to develop electric vehicles.
The proposed partnership would initially focus on the Chinese
market and the two companies are "in the process of signing a
preliminary agreement which will govern further discussions aimed
at reaching final binding agreements in the next few months," the
Italian-American auto maker said. The statement confirmed news
revealed by a Foxconn regulatory filing in Taiwan a few hours
earlier.
There isn't any guarantee that a final agreement will be
reached, Fiat said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 17, 2020 02:27 ET (07:27 GMT)
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