VOL. XXXV

NO. 38

22-JUNE-1992

Algeria

Italy's Fiat Sets up Joint Venture in Algeria

Italy's Fiat on 16 June signed a joint venture with Algeria's state-ownedSaada for the construction of a $350mn plant to build 30,000 small passengercars similar to the the Fiat Uno. Production of the new car, to be called Fatiaafter the French initials of the new joint venture, is expected in three yearstime. The plant will be established near Tiaret, southwest of Algiers, withproduction expected to go mainly to...