As many other companies, Fiat left Argentina in 2002 due to the economic crisis. After 5 years the Italian carmaker is back but this time it will share the risks with the Indian giant Tata. Together they will invest $80,000,000 to upgrade the factory Fiat owns there. They plan to build 25,000 Tata pick ups each year that will be sold under the Fiat label in Central America, South America and maybe in Europe. In January 2008, the factory will also start to produce the Fiat Sienna sedan again.
This is not the first common project between both carmakers. Indeed they signed an agreement to set up a joint-venture in India in last July. The joint-venture will build 100,000 cars and 250,000 engines each year in its factory located in north India. The successful Fiat Grande Punto will be one of the Fiat assembled and sold in India.
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