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. [6] 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. [7] GAC Fiat Automobiles Co.,Ltd. was incorporated on 9 March 2010. [3]
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. [8]
In January 2013,it was announced that GAC Fiat would be also expanded to include Chrysler,and that,GAC Fiat would construct a new assembly plant in Guangzhou for the production of Jeep products. [9] [10]
In January 2015,GAC Fiat was renamed as GAC Fiat Chrysler. [11]
In January 2022,Stellantis announced a plan to take a 75% majority stake of the joint venture. [12] GAC quickly responded that no formal agreement to change the joint venture had been signed. [13] In July,Stellantis announced that due to a lack of progress in its attempt to take a greater stake in the company,it was terminating the joint venture with GAC. Stellantis planned to shut down local production operations and move towards importing Jeep vehicles to the Chinese market. [14] Later that year,the joint venture filed for bankruptcy. [15] [16]
Operations
GAC Fiat had facilities in Changsha,with an annual production capacity of 140,000 cars and 220,000 engines,covering around 700,000 m2. [7] Vehicle production began in June 2012,with the Fiat Viaggio four-door sedan. [3] [17] [18] Later,the company started to manufacture the Ottimo (the hatchback version of the Viaggio). [19] In October 2013,GAC Fiat announced the construction of a second manufacturing plant in Guangzhou. [20] In November 2014,Fiat Chrysler and GAC expanded their partnership to produce Jeep vehicles. [19] The Changsha plant began assembling the Jeep Cherokee in October 2015 and the Guangzhou plant began assembling the Jeep Renegade in April 2016. [21] In late 2016,the Guangzhou plant began assembling the Jeep Compass. In 2018,the Changsha plant began manufacturing the Jeep Grand Commander. [22]
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