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Fiat Said Near Deal to Bring Jeep Production Back to China

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Fiat SpA is nearing a deal to begin producing Jeep vehicles in China after making concessions to its Chinese partner over the manufacturing site, two people familiar with the talks said.

Fiat recently agreed to locate Jeep assembly near the base of Guangzhou Automobile Group Co. in the Panyu district of Guangzhou, backing off a previous plan to use another site, the people said asking not to be identified because the talks are private. The accord is still subject to final approval, one of the people said.