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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“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.”
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