Joint Ventures
Nanjing Auto has had at least two joint ventures with the Italian automaker Fiat. A 50/50 joint venture set up in 1999, but that collapsed sometime in 2007 and Naveco, a joint venture with Fiat's commercial vehicles unit, Iveco, established in 1996.
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Famous quotes containing the words joint and/or ventures:
“No Government can be long secure without a formidable Opposition. It reduces their supporters to that tractable number which can be managed by the joint influences of fruition and hope. It offers vengeance to the discontented, and distinction to the ambitious; and employs the energies of aspiring spirits, who otherwise may prove traitors in a division or assassins in a debate.”
—Benjamin Disraeli (1804–1881)
“At the moment when a man openly makes known his difference of opinion from a well-known party leader, the whole world thinks that he must be angry with the latter. Sometimes, however, he is just on the point of ceasing to be angry with him. He ventures to put himself on the same plane as his opponent, and is free from the tortures of suppressed envy.”
—Friedrich Nietzsche (1844–1900)