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

After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
The Insurance Institute for Highway Safety gives its Top Safety Pick Award to the 2017 Chevrolet Bolt EV, and they have got videos of it during the crash test procedures...
by - June 22, 2017
The wait is finally over for Dodge enthusiasts; the company will be taking orders for the 2018 Challenger SRT Demon this Wednesday, 21 June. The model will have an asking...
by - June 21, 2017
Earlier this year, German automaker Opel revealed their largest SUV to date, the Grandland X as it made its debut online. The SUV, a European exclusive, comes in a sophisticated...
by - June 21, 2017
As though many would think the Fire Orange is already synonymous to BMW Motorsport, Century West BMW in Lankershim Boulevard, Studio City California went above and beyond in customizing the...
by - June 21, 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