Fiat Tops-Up Investment To Keep Pace With Rivals

Italy's Fiat Group is planning to invest BRL10bn (US$6bn) in Brazil by 2015 to increase production of passenger cars, auto parts and agricultural machinery, just-auto reports. Brazil is the most successful overseas market for the Italian carmaker, helping the Mercosur region account for close to a fifth of the company's total revenue in 2009.

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