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:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 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