GAC Fiat

GAC Fiat Chrysler Automobiles Co., Ltd.
GAC Fiat
Native name
 广汽菲亚特汽车有限公司
Private joint venture
Industry Automotive
Founded 2010 (2010) (Changsha)[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.gacfiatauto.com
GAC Fiat
Simplified Chinese 广汽菲亚特
Traditional Chinese 廣汽菲亞特

GAC Fiat Chrysler 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 on 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 in Changsha, with an annual production capacity of 140,000 cars and 220,000 engines, covering around 700,000 m2.[5] Vehicle production begun in June 2012, with the Fiat Viaggio five-door sedan.[1][10][11] Later, the company started to manufacture the Ottimo, (hatchback version of the Viaggio).[12] In October 2013, GAC Fiat announced the construction of a second manufacturing plant in Guangzhou due to be finalised in 2016.[13] In November 2014, Fiat Chrysler and GAC expanded their partnership to produce Jeep vehicles.[12]

References

  1. 1 2 3 4 5 "Company Profile". GAC Fiat Automobiles Co., Ltd. Retrieved 13 April 2012.
  2. ↑ "GAC-Fiat: No plan to launch Chrysler brand any time soon". China Automotive Review. 10 August 2011. Retrieved 13 April 2012.
  3. ↑ "New venture formed for Fiat's second act". China Daily. 27 September 2010. Retrieved 13 April 2012.
  4. 1 2 "Fiat Focuses on China". Bloomberg Businessweek. 7 July 2009. Retrieved 13 April 2012.
  5. 1 2 "GAC-Fiat ceremony heralds joint venture". China Daily. 30 November 2009. Retrieved 13 April 2012.
  6. ↑ "Fiat opens new Chinese plant to produce Viaggio". Straits Times. 28 June 2012. Retrieved 2 July 2012.
  7. ↑ "Fiat-Chrysler, Guangzhou ink Jeep deal". The Detroit News. 16 January 2013. Retrieved 27 January 2013.
  8. ↑ "Fiat, Chrysler to produce Jeep in China: paper". Reuters. 14 January 2013. Retrieved 27 January 2013.
  9. ↑ "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.
  10. ↑ "Fiat unveils new Viaggio model to be made and sold in China". Reuters. 13 April 2012. Retrieved 13 April 2012.
  11. ↑ "GAC Fiat Chrysler". Chinaautoweb.com. Retrieved 3 July 2015.
  12. 1 2 "Fiat Chrysler deepens China partnership to help Jeep". Automotive News Europe (Crain Communications). 29 November 2014. Retrieved 4 July 2015.
  13. ↑ "Fiat's China JV to build second plant to produce SUVs, EVs, report says". Automotive News Europe (Crain Communications). 29 October 2013. Retrieved 4 July 2015.

External links

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