GAC Fiat
File:GAC Fiat logo.jpg | |
GAC Fiat | |
Native name
|
广汽菲亚特汽车有限公司 |
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 | |||||||||||
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 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
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