Native name | 广汽菲亚特克莱斯勒汽车有限公司 |
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Formerly | GAC Fiat Automobiles Co., Ltd. |
Company type | Joint venture |
Industry | Automotive |
Founded | March 9, 2010 |
Defunct | 2022 |
Fate | Bankrupt |
Headquarters | , China |
Area served | China |
Key people | Zheng Xiancong (president) [1] Jack Cheng (managing director) [2] |
Products | Automobiles |
Owners | GAC Group (50%) Stellantis (50%) [3] |
Website | gacfiatauto.com - (archived) |
GAC Fiat Chrysler | |||||||||||
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Simplified Chinese | 广汽菲亚特克莱斯勒 | ||||||||||
Traditional Chinese | 廣汽菲亞特克萊斯勒 | ||||||||||
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GAC FCA | |||||||||||
Simplified Chinese | 广汽菲克 | ||||||||||
Traditional Chinese | 廣汽菲克 | ||||||||||
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GAC Fiat Chrysler Automobiles Co.,Ltd. was an automobile manufacturing company headquartered in Changsha,China. It was a 50:50 joint-venture between the GAC Group and Stellantis. The company was founded on 9 March 2010. [3] Fiat agreed to invest an initial US$559 million in the venture. [4]
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 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. [5] 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. [6]
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. [7] [8]
In January 2015,GAC Fiat was renamed as GAC Fiat Chrysler. [9]
In January 2022,Stellantis announced a plan to take a 75% majority stake of the joint venture. [10] GAC quickly responded that no formal agreement to change the joint venture had been signed. [11] 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. [12] Later that year,the joint venture filed for bankruptcy. [13] [14]
GAC Fiat had facilities in Changsha,with an annual production capacity of 140,000 cars and 220,000 engines,covering around 700,000 m2. [5] Vehicle production began in June 2012,with the Fiat Viaggio four-door sedan. [3] [15] [16] Later,the company started to manufacture the Ottimo (the hatchback version of the Viaggio). [17] In October 2013,GAC Fiat announced the construction of a second manufacturing plant in Guangzhou. [18] In November 2014,Fiat Chrysler and GAC expanded their partnership to produce Jeep vehicles. [17] The Changsha plant began assembling the Jeep Cherokee in October 2015 and the Guangzhou plant began assembling the Jeep Renegade in April 2016. [19] In late 2016,the Guangzhou plant began assembling the Jeep Compass. In 2018,the Changsha plant began manufacturing the Jeep Grand Commander. [20]
Year | Fiat [22] | Jeep [23] | Combined |
---|---|---|---|
2012 | 11,288 | 0 | 11,288 |
2013 | 48,375 | 0 | 48,375 |
2014 | 68,090 | 0 | 68,090 |
2015 | 31,481 | 8,005 | 39,486 |
2016 | 12,699 | 133,009 | 145,708 |
2017 | 2,273 | 202,755 | 205,028 |
2018 | 269 | 124,514 | 124,783 |
2019 | 23 | 72,956 | 72,979 |
2020 | 0 | 40,659 | 40,659 |
2021 | 0 | 20,357 | 20,357 |
Total | 174,498 | 602,255 | 776,753 |
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