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Tata Motors, M&M eye Fiat's plant
17 December 2009: Tata Motors and Mahindra & Mahindra (M&M) have reportedly evinced interest in taking over the Termini Imerese plant in northern Sicily owned by Fiat, the Italy based car manufacture.
Fiat has already decided to relocate the plant, preferably to cost-effective areas of Poland or Germany, in 2011. The plant makes the Lancia Ypsilon (a three-door hatchback) and has a daily production capacity of 400 cars.
Source: Business Standard