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Old 07-03-2007, 08:17 PM   #1
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Default Fiat China news

Fiat plans 16b yuan refueling in China
By Gong Zhengzheng
Updated: 2007-07-03 06:42

Italian industrial giant Fiat Group plans to spend more than 16 billion yuan in China in the years to 2010 to help it achieve a fivefold rise in annual sales revenue in the country.

The money will be put in sectors such as passenger cars, trucks, engines and spare parts, auto financing and tractors, said Douglas Schenk, CEO of Fiat (China) Business Co Ltd.

Schenk said the group expects to grow its China sales from more than $1 billion last year to $5.5 billion in 2010, including $3 billion for passenger cars, $1.5 billion for trucks, $600 million for engines and spare parts and $400 million for other businesses.

A visitor passes a Fiat poster at an exhibition in Nanjing, capital of East China's Jiangsu Province. Liu Jianmin

Fiat has invested $1.5 billion in China since it built its first plant locally in 1986.

Andrew Humberstone, chief representative of the group's largest division, Fiat Auto, said the firm will produce three car models - Fiat Linea, Grande Punto and Alfa Romeo 159 - in China in the coming years to boost sales.

The carmaker aims to sell 263,000 cars a year by 2010 from more than 30,000 units last year, Humberstone said.

"Growth potential in China's car market is phenomenal as most customers are first-time buyers," he said.

But Fiat Auto lags far behind many of its rivals in China in terms of sales, such as General Motors, Volkswagen, Toyota and Hyundai.

It now runs a car venture with Nanjing Automobile Corp in the eastern city of Nanjing, making the Palio, Siena and Perla models.

Fiat Auto has reportedly reached an agreement with another Chinese carmaker, Chery Automobile Co, to assemble the Alfa Romeo 159 in the small eastern city of Wuhu.

Last October, Chery clinched a deal with Fiat Auto to supply 100,000 petrol engines to the latter for cars built both in China and abroad.

Iveco, Fiat Group's commercial vehicle division, is building a 40,000-unit heavy truck plant and a 100,000-unit diesel engine factory in the western city of Chongqing with China's top auto group SAIC Motor Corp and Hongyuan Motor Co, a local truck maker.

Iveco now has a partnership with Nanjing Automobile to make wagons.

Schenk said Fiat Group has also got the green light from the government to open an auto financing business in China. The group's China auto financing branch, based in Shanghai, will provide loans to Chinese buyers in the first half of next year, he said.

(China Daily 07/03/2007)
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Old 12-07-2007, 08:45 AM   #2
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Default Fiat to build first R&D center in Shanghai

Source: Shanghai Daily
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Fiat Powertrain Technologies SpA announced yesterday it will invest 22 million euros (32.2 U.S. dollars million) to build its first Chinese research and development center in Shanghai.

The wholly-owned Fiat Powertrain Technology Shanghai R&D Co Ltd, located in Jiading District in west Shanghai, will focus on the development of engines, both gasoline and diesel, and transmissions for cars and commercial vehicles, the subsidiary of Italy's Fiat Group said yesterday. FPT Shanghai, covering a total of 37,000 square meters, will employ 100 engineers by the end of next year when it officially starts operation.

"Developing anti-pollution engines would be one of the top priorities for FPT Shanghai as environmental protection is emphasized by the state government," said Paolo Emanuele Ferrero, vice president of FPT, product engineering, at the ground-breaking ceremony for the center yesterday. FPT has established 12 R&D centers worldwide with a major coverage in Europe. The Shanghai center is the first in Asia, a step ahead for the company to fulfill its target to serve local demands.

"The new engineering center will not only be part of FPT's global network, but also allow us to join the steady growth in China's auto industry," Ferrero added. New engines and transmissions will be developed for Fiat's models in addition to supplying other car makers in China. Overseas car makers have been setting up R&D centers in China to meet the demand for eco-friendly and fuel efficient technologies.
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Old 12-07-2007, 01:17 PM   #3
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With a up-stepped emphasis on totally electric and hybrid technologies, for sure. Fiat is really stamping it's imprint on the Chinese automotive scene even more clearly with this new move.
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Old 01-07-2008, 04:06 PM   #4
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Fiat to introduce three models to Chinese market this year - from Gasgoo.com:

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January 7, 2008 – Italian automaker Fiat plans to introduce three models in imported units to Chinese market in 2008, the company’s chief representative said.

"Fiat will strengthen its operation in Chinese market by importing more car models,” said Paolo Arpellino. “We are planning to introduce three models in 2008. These models include Grande Punto, Linea and Bravo.”

Fiat also plans to locally produce Linea and Grande Punto China in 2009, Arpellino said. The two models will be locally produced in Fiat’s joint venture with Chery, according to a Beijing News report.

"In the short term, Fiat will have to rely on importing new models to boost its operations in China,” said Duan Jianjun, Fiat’s chief China Business Officer. “However, in the long run, we will shift to local production business.”

In August last year, Fiat and Chery has signed a memorandum of understanding on a joint venture automaker. The joint venture project, scheduled to operate in 2009, will have an annual capacity of 175,000 units.

Linea will be the first Fiat models to be produced in the Fiat-Chery joint venture. The model will be equipped with a 1.4 liter engine. When imported to Chinese market, it will be priced at about RMB 200,000 ($27,400). The model will compete with Ford Focus, Peugeot 307, and Buick Excelle in Chinese market.

"The annual capacity of Linea and Grande Punto alone will exceed Nanjing Fiat’s capacity of 30,000 units,” Duan said, adding that “Alfa Romeo will also be locally produced in the joint venture plant in the future.”
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Old 02-09-2008, 12:55 PM   #5
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New FIAT models ready to reach Chinese customers:
http://www.pcauto.com.cn/nation/xcdb...07/458333.html

Bravo:


Grande Punto:


Linea:
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Old 02-20-2008, 11:11 AM   #6
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Fiat dealers in China have no cars to sell until summer 2008!

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February 19, 2008 - Italian automaker Fiat SPA's sales network has dwindled to 55 dealers from over 100 dealers two years ago and the remaining dealers have no cars to sell before this summer when Fiat will introduce new imports.

"Fiat will hold a dealership meeting on February 20 to discuss our future cooperation with Fiat, but I bet there will be less than 55 dealers left in the end," said an unnamed manager of a Nanjing Fiat dealership in Beijing.

The merger deal between SAIC and Nanjing Auto late last year put an end to Nanjing Fiat, a joint venture between Nanjing Auto and Fiat. Currently, local-made Fiat cars have been sold out at the dealerships and these dealers have only imported cars to sell. Some dealers even have no cars to sell.

However, new imported Fiat cars won't arrive until this summer. Paolo Arpellino, the group's chief representative in China, said imported Grande Punto, Linea and Bravo would probably hit the market between late June and early July this year. Arpellino, who took the position last year, is responsible for Fiat’s business development and daily operations in China, including investments and new product launches.

"We may set up an independent sales company, or find a general selling agency in the Chinese market," said Zheng Xiaoli, spokesperson for Fiat China.


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Fiat is possibly most famous for turning itself around, from being an ailing sick motoring company with a poor reputation for quality, into one of the best selling brands in Europe in less than ten years. If Fiat is so good at revitilizing itself, we would like to see how they are going to get out of this latest hole. After breaking up their joint venture cooperation with Nanjing Autos, and signing up with Chery, Fiat has found itself with no cars to sell to the Chinese markets in the time being.

To put another nail in Fiats China coffin, over 40 dealers have left the once 100 branch strong dealer network. Fiat China currently has 55 dealerships in China, but with nothing left to sell, and bills to pay, will any of the dealers stay on board? Possibly not. Currently many of the dealers have sold out their Fiat stock, some have imported Fiat models, and some have no stock. Imported Grande Punto, Linea and Bravo models are expected to go on the market in China by June/July 2008, which may be too late for many Fiat dealers.

The new Fiat boss for China, Mr. Arpellino, has broadcast a message on the Fiat Chinese website outlining Fiats plans for China in 2008, and asking current Fiat customers to rest at ease since the NAC/Fiat joint venture has ended.

However, the Fiat Linea is not expected to be made in China until 2009. Can Fiat China make up for lost ground in 09/10? We hope so. We always like to root for the underdog.
source: Gasgoo.com and China Car Times
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Old 02-20-2008, 08:09 PM   #7
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That means no Fiat 500's to sell, either, I suppose. Not good. The Chinese market should just eat up the European Car of the Year for 2007, the 500. Surely a big step backward in China for Fiat.
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Old 02-25-2008, 11:10 AM   #8
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Fiat to offer subsidies to Chinese dealers.

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February 25, 2008 - Fiat Group China will offer subsidies to Chinese dealers who agree to stay with the automaker, the Italian automaker announced during a dealership conference in Suzhou last week.

Fiat dealers, who choose to stay with the company's new sales network, will be offered a certain amount of compensation, though the exact figure is unknown. Some 35 out of the 100 Fiat dealers in China are expected to stay with Fiat's new dealer network.

Fiat has named China Auto CAIEC Ltd, a subsidiary to China National Machinery Industry Corporation as its chief sales representative in China and that will help Fiat save a lot of troubles and cut off operation costs in Chinese market.

Fiat further promised that imported Grande Punto, Linea and Bravo models will go on the market in China by July this year, and its first locally produced model- Linea will be produced by Fiat-Chery joint venture by the third quarter next year.

The Italian automaker is facing a dilemma in China now. After breaking up with Nanjing Auto, Fiat has found itself with no cars to sell in the Chinese markets for the time being. The Italian automaker will have to rely on some imported models to maintain its presence in Chinese market.
source: Gasgoo.com
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Old 02-27-2008, 12:28 PM   #9
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Quote:
Originally Posted by martin_krpan
Fiat to offer subsidies to Chinese dealers.

this is a good start, i dont think US manf's will do this, but perhaps Peugeot can follow
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Old 02-28-2008, 05:53 AM   #10
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Production in Nanjing in January has already stopped: they made 5 Palios, 3 Weekends, 5 Sienas and 8 Perlas. That's all, folks.
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