Ford and Fiat to make joint investment in Tychy plant
The project will be a joint undertaking with the Italian Fiat, which plans to begin production in July this year. Ford expects Ka production to begin in 2008. Both producers declare that they will produce 120,000-125,000 of cars a year. Ford Polska president Adam Kolodziejczyk believes that the new model will increase sales in Poland. "Thanks to the successor of the Ka model we will enter a market segment where we are practically not present," said Kolodziejczyk. The two companies have not yet revealed any details concerning the investment outlay, however, according to Fiat Auto Poland president Enrico Pavoni; "[Fiat] will share the cost related to the investments with Ford." (Puls Biznesu, pp. 1, 4-5) E.B.