|Type||Private joint venture|
GAC Group (50%)|
Fiat SpA (50%)
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. Fiat has agreed to invest an initial US$559 million in the venture.
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. 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. GAC Fiat Automobiles Co., Ltd. was incorporated on 9 March 2010.
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. Vehicle production is planned to commence in July 2012, with the Fiat Viaggio five-door sedan the first model to be produced.
- GAC Fiat 500
- GAC Fiat Bravo
- GAC Fiat Freemont
- GAC Fiat Viaggo
- ↑ 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.
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