Spain Stands As A Strong Contender For Chery Investment

Spain's fears of losing its automotive production to cheaper locations in Eastern Europe have been somewhat allayed with the news that Chinese carmaker Chery Automobile is considering setting up its first European assembly facility in Catalonia, Spain. While other potential sites in Turkey and Italy are also reportedly being looked at, Jose Montilla, head of the regional government believes that the Catalonia region 'is best positioned' to aid in the Chinese carmaker's plans for vehicles sales in the European and Mediterranean markets.

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