 | |
| Type | Private joint venture |
|---|---|
| Founded | 2010 (Changsha)[1] |
| Headquarters | Changsha, Hunan, China |
| Area served | China |
| Key people |
Zheng Xiancong (President)[2] Jack Cheng (Managing Director)[3] |
| Industry | Automotive |
| Products | Automobiles |
| Owner(s) |
GAC Group (50%) Fiat SpA (50%)[1] |
| Website | gacfiatauto.com/website/ |
GAC Fiat Automobiles Co., Ltd. is an automobile manufacturing company headquartered in Changsha, Hunan, 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]
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]
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][7]
Models[]
- GAC Fiat 500
- GAC Fiat Bravo
- GAC Fiat Freemont
- GAC Fiat Viaggo
References[]
- ↑ 1.0 1.1 1.2 1.3 1.4 "Company Profile". GAC Fiat Automobiles Co., Ltd.. Retrieved on 13 April 2012.
- ↑ "GAC-Fiat: No plan to launch Chrysler brand any time soon", China Automotive Review (10 August 2011). Retrieved on 13 April 2012.
- ↑ "New venture formed for Fiat's second act", China Daily (27 September 2010). Retrieved on 13 April 2012.
- ↑ 4.0 4.1 "Fiat Focuses on China", Bloomberg Businessweek (7 July 2009). Retrieved on 13 April 2012.
- ↑ 5.0 5.1 "GAC-Fiat ceremony heralds joint venture", China Daily (30 November 2009). Retrieved on 13 April 2012.
- ↑ "Fiat opens new Chinese plant to produce Viaggio", Straits Times (28 June 2012). Retrieved on 2 July 2012.
- ↑ "Fiat unveils new Viaggio model to be made and sold in China", Reuters (13 April 2012). Retrieved on 13 April 2012.
External links[]
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