• Short Summary

    FIAT, THE ITALIAN MOTOR CAR PRODUCERS ON WEDNESDAY (4 MAY) SIGNED AN AGREEMENT WITH THE SOVIET UNION TO SET UP A FACTORY IN RUSSIA CAPABLE OF PRODUCING 730,000 MOTOR VEHICLES A YEAR.

  • Description

    FIAT, THE ITALIAN MOTOR CAR PRODUCERS ON WEDNESDAY (4 MAY) SIGNED AN AGREEMENT WITH THE SOVIET UNION TO SET UP A FACTORY IN RUSSIA CAPABLE OF PRODUCING 730,000 MOTOR VEHICLES A YEAR. AT THE SAME TIME, ITALIAN AND SOVIET BANKS SIGNED AN AGREEMENT TO FINANCE THE AGREEMENT.

    THE AGREEMENT WAS SIGNED BY MR. TARAZOV, SOVIET MINISTER OF THE AUTOMOBILE INDUSTRY; TOUR OF FIAT FACTORY IN TURIN.

    THE AGREEMENT WAS SIGNED ON BEHALF OF THE USSR BY MR. ALEKSANDER TARAZOV, SOVIET MINISTER OF THE AUTOMOBILE INDUSTRY.

    NEGOTIATIONS HAD BEEN HELD SINCE 18 APRIL.

    A FIAT ANNOUNCEMENT SAID THAT THE PROGRAMME OF COOPERATION DEALT WITH THE SELECTION OF THE CAR MODEL TO BE PRODUCED AS WELL AS THE JOINT ENGINEERING AND MANUFACTURING ORGANISATION OF A PRODUCTION PLANT WITH A PLANNED CAPACITY OF 2,000 CARS A DAY. BUT, THE MODEL TO BE MADE IN RUSSIA WAS NOT ANNOUNCED - THOUGH AUTHORITATIVE SOURCES SUGGESTED THAT IT COULD BE A SPECIAL VERSION OF THE NEW FIAT 124 SMALL CAR, SPECIALLY ADAPTED FOR THE RUSSIAN CLIMATE.

    AN INDICATION OF THE SCOPE OF THE AGREEMENT CAN BE JUDGED FROM THE FACT THAT THE FACTORY IN THE SOVIET UNION IS TO HAVE A CAPACITY OF ABOUT THREE-QUARTERS OF FIAT'S 1965 PRODUCTION FIGURE OF ONE MILLION VEHICLES.

    THERE HAD BEEN REPORTS DURING THE NEGOTIATIONS THAT THE FRENCH STATE-OWNED RENAULT FIRM WERE COMPETING WITH FIAT FOR THE CONTRACT.

  • Tags

  • Data

    Film ID:
    VLVA24UE0GML4J4W7KG7WPQKS6F25
    Media URN:
    VLVA24UE0GML4J4W7KG7WPQKS6F25
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    06/05/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:51:00
    Time in/Out:
    /
    Canister:
    N/A

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