GAC Fiat

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. Fiat has agreed to invest an initial US$559 million in the venture.

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. 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. GAC Fiat Automobiles Co., Ltd. was incorporated on 9 March 2010.

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.

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. The plant is planned to have an initial production capacity of 100,000 units per year.