Fiat Chrysler sees final deal for Jeep production in China

Article by Anita Panait, on March 13, 2014

Fiat Chrysler is expecting to finalize an agreement this month for Jeep production in China. Fiat Chrysler Sergio Marchionne remarked at the Geneva auto show approval of the deal had been delayed due to Chinese concerns on the split ownership of Jeep prior to the Jan. 1 agreement in which Fiat fully acquired ownership of Jeep.

"On Jan. 1, 2014, when we announced the agreement with the [UAW retirement healthcare trust] for the acquisition of the minority stake in Chrysler, those issues vanished," Marchionne said. "We have been hard at work in the last 60 days putting what I consider to be the final touches on what I hope is the final agreement with our partners in China to try to get this process under way."

Fiat Chrysler will partner with Guangzhou Automobile Group Co. to build a $771-million site in the Panyu district of Guangzhou, Bloomberg reported in December 2013.  The site would have an annual capacity of 60,000 units. Jeep brand boss Mike Manley told Automotive News in an interview that the Cherokee and the smaller Renegade shown at the Geneva auto show could be produced in China.

Building vehicles in the country would allow the brand to avoid import tariffs. According to Manley, discussions are on track, but said that the approval process may takes a little longer than expected or may also be smoother." [source: automotive news - sub. required]

Topics: jeep, china, production

If you liked the article, share on:

Comments

Recommended

In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries