GAC Fiat
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GAC Fiat | |
Native name | 广汽菲亚特汽车有限公司 |
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 | |||||||||||
Simplified Chinese | 广汽菲亚特 | ||||||||||
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Traditional Chinese | 廣汽菲亞特 | ||||||||||
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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 year.[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
- Jeep Cherokee (K4) 2015-present
- Jeep Renegade (BQ) 2016-present
- Jeep Compass (M4) 2016-present
- Jeep Grand Commander (K8) (2018-present)
Former production
- Fiat Viaggio June 2012-2017
- Fiat Ottimo 2014-2017
- A Fiat Viaggio
- A Fiat Ottimo
Sales figures
Year | Vehicle sales |
---|---|
2012 | 11.288[14] |
2013 | 48.375[14] |
2014 | 68.090[14] |
2015 | 39.486[14][15] |
2016 | 145.708[14][15] |
2017 | 205.028[14][15] |
References
- 1 2 3 4 5 "Company Profile". GAC Fiat Automobiles Co., Ltd. Archived from the original on 22 March 2012. 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.
- 1 2 "Fiat Focuses on China". Bloomberg Businessweek. 7 July 2009. Retrieved 13 April 2012.
- 1 2 "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. Archived from the original on 15 February 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.
- ↑ "GAC Fiat Chrysler". Chinaautoweb.com. Retrieved 3 July 2015.
- 1 2 "Fiat Chrysler deepens China partnership to help Jeep". Automotive News Europe. Crain Communications. 29 November 2014. Retrieved 4 July 2015.
- ↑ "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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