World Library  
Flag as Inappropriate
Email this Article
 

GAC Fiat

GAC Fiat Automobiles Co., Ltd.
Type 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
Owners GAC Group (50%)
Fiat SpA (50%)[1]
Website //website.com.gacfiatautowww

GAC Fiat Automobiles Co., Ltd. is an automobile manufacturing company headquartered in Changsha, China and a 50:50 joint-venture between GAC Group and Fiat. The company was founded on 9 March 2010.[1] Fiat has agreed to invest an initial US$559 million in the venture.[4]

Contents

  • History 1
  • Operations 2
  • References 3
  • External links 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 in 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 under construction in Changsha which will have an initial annual production capacity of 140,000 cars and 220,000 engines and cover around 700,000 sq m.[5] Vehicle production is planned to commence in July 2012, with the Fiat Viaggio five-door sedan the first model to be produced.[1][10]

References

  1. ^ a b c d e "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. ^ 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. 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. 

External links

  • GAC Fiat Official website


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.