GAC Fiat

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GAC Fiat Chrysler Automobiles Co., Ltd.
GAC Fiat
Native name
广汽菲亚特汽车有限公司
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[edit]

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[edit]

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[edit]

Former production[edit]

Sales figures[edit]

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[edit]

  1. ^ a b c d e "Company Profile". GAC Fiat Automobiles Co., Ltd. Archived from the original on 22 March 2012. 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. ^ a b "Fiat Focuses on China". Bloomberg Businessweek. 7 July 2009. Retrieved 13 April 2012. 
  5. ^ a b "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. Archived from the original on 15 February 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. ^ a b "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. 
  14. ^ a b c d e f [1]
  15. ^ a b c [2]

External links[edit]