Recently, Guangzhou Automobile Group, Fiat and Chrysler have signed a deal to manufacture and sell more vehicles in China, including Jeeps.
The deal was signed today, February 19th, at Chrysler’s headquarters in Detroit, during the North American International Auto Show. A JV formed by GAC, Fiat and Chrysler already manufactures the Fiat Viaggio in China and distributes in the country other models such as the Fiat 500 subcompact, Bravo and Freemont. According to the new deal more models are to be produced and distributed in the country. The Jeep models sold in China include the Wrangler, the Grand Cherokee and the Compass.
“This agreement is another milestone in our partnership with Fiat and Chrysler Group,” said GAC General Manager Zeng Qinghong in a statement. “It definitely creates the basis for our JV to reach very ambitious objectives in the Chinese market.”
Zeng Qinghong said that although it has not been decided yet the production timeline, the company hopes to begin production in 2014, as demand for Jeeps continues to increase in this market. Mike Manley, president of Jeep and Asia-Pacific COO for Fiat said that he expects production to start by the end of 2014 and that this new deal would “allow us to unleash the potential of both our Fiat and Chrysler brands in China”.