Fiat Chrysler and Foxconn plan push into Chinese electric car market

MILAN (Reuters) - Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility. Fiat Chrysler (FCA) - which is set to launch its first full-electric model, the 500 small car, this year - last month reached a binding agreement for a $50 billion tie-up with France's PSA to create the world's No. 4 carmaker.The merger with PSA would..