GAC Fiat
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Private joint venture | |
Industry | Automotive |
Founded | 2010Changsha)[1] | (
Headquarters | Changsha, China |
Area served | China |
Key people |
Zheng Xiancong (President)[2] Jack Cheng (Managing Director)[3] |
Products | Automobiles |
Owner |
GAC Group (50%) Fiat Chrysler Automobiles (50%)[1] |
Website |
www |
GAC Fiat Automobiles Co., Ltd. is an automobile manufacturing company headquartered in Changsha, China and a 50:50 joint-venture between GAC Group and Fiat Chrysler Automobiles. The company was founded on 9 March 2010.[1] Fiat has agreed to invest an initial US$559 million in the venture.[4]
History
Fiat and GAC signed a joint venture agreement in Rome on 6 July 2009, in the presence of Chinese President Hu Jintao and Italian Prime Minister Silvio Berlusconi.[4] Construction of GAC Fiat facilities in Changsha began in 26 November 2009, with a groundbreaking ceremony attended by the Italian ambassador to China, the provincial leaders of Hunan and Guangdong, and city leaders of Changsha and Guangzhou.[5] GAC Fiat Automobiles Co., Ltd. was incorporated on 9 March 2010.[1]
The Changsha assembly plant was officially opened on 28 June 2012, in a ceremony attended by Fiat chief executive Sergio Marchionne and representatives of Hunan and Guandong provinces.[6]
In January 2013 it was announced that GAC Fiat would be expanded to also include Chrysler, and that GAC Fiat would construct a new assembly plant in Guangzhou for the production of Jeep products.[7][8] The plant is planned to have an initial production capacity of 100,000 units per annum.[9]
Operations
GAC Fiat has facilities under construction in Changsha which will have an initial annual production capacity of 140,000 cars and 220,000 engines and cover around 700,000 sq m.[5] Vehicle production is planned to commence in July 2012, with the Fiat Viaggio five-door sedan the first model to be produced.[1][10]
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A Fiat Viaggio
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Company Profile". GAC Fiat Automobiles Co., Ltd. Retrieved 13 April 2012.
- ↑ "GAC-Fiat: No plan to launch Chrysler brand any time soon". China Automotive Review. 10 August 2011. Retrieved 13 April 2012.
- ↑ "New venture formed for Fiat's second act". China Daily. 27 September 2010. Retrieved 13 April 2012.
- ↑ 4.0 4.1 "Fiat Focuses on China". Bloomberg Businessweek. 7 July 2009. Retrieved 13 April 2012.
- ↑ 5.0 5.1 "GAC-Fiat ceremony heralds joint venture". China Daily. 30 November 2009. Retrieved 13 April 2012.
- ↑ "Fiat opens new Chinese plant to produce Viaggio". Straits Times. 28 June 2012. Retrieved 2 July 2012.
- ↑ "Fiat-Chrysler, Guangzhou ink Jeep deal". The Detroit News. 16 January 2013. Retrieved 27 January 2013.
- ↑ "Fiat, Chrysler to produce Jeep in China: paper". Reuters. 14 January 2013. Retrieved 27 January 2013.
- ↑ "GAC-Fiat to Build Jeeps in Guangzhou, Next-gen Liberty Likely to Be the First Model to Roll Off Line". China Auto Web. 17 January 2013. Retrieved 27 January 2013.
- ↑ "Fiat unveils new Viaggio model to be made and sold in China". Reuters. 13 April 2012. Retrieved 13 April 2012.
External links
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