Fiat Group, Chrysler Group International, and GAC Group Ink China Cooperation Agreement
Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., Ltd. (GAC Group) have signed a framework agreement to expand their cooperation on passenger car manufacturing and sales in China.
The agreement was signed at Chrysler Headquarters in Auburn Hills, Mich., by Zeng Qinghong, General Manager of GAC Group, and Mike Manley, Chief Operating Officer (COO) for Asia Pacific (APAC) region, Fiat S.p.A., and President and CEO of Jeep Brand, Chrysler Group LLC.
According to the framework agreement, the joint venture between GAC, Fiat, and Chrysler Group International, which currently manufactures Fiat Viaggio and distributes imported models such as the Fiat 500, Freemont, and Bravo in China, will expand its operations to allow the localization in the coming years of more models from the Fiat portfolio to be introduced in the Chinese market. After Fiat, the next brand planned to be localized by the GAC Fiat JV will be Chrysler Group’s Jeep brand (production in China for Chinese market only.)