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Piaggio & Foton form a strategic partnership

By Niranjan Mudholkar,

Added 21 September 2017

To Jointly develop a new range of four-wheel light commercial vehicles.

The new range of products will be manufactured in the Piaggio Group's Italian factories, using the existing lines dedicated to the current production. The models will be gradually launched in the next few years starting from 2019 through a distribution network which is oriented to gain maximum customer satisfaction.

The Piaggio Group, which is a leading European player in the two-wheeler segment, in 2016 sold 188,000 commercial vehicles worldwide, confirming its growing importance also as a producer of three and four-wheel light commercial vehicles for transportation of both passengers and cargo.

Foton Motor Group, the biggest commercial vehicle industry among China with a total turnover of around 46.5 billion CNY and around 40.000 employees around the world, displays a complete range of products offering high added technological value. It is achieving rapid growth and diversifying its international operations, in part through joint ventures with leading names in automotive, including an alliance with Daimler AG and Cummins Inc.

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