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]

Current production

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.
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