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Discussion Starter · #1 ·
Fiat, Guangzhou Auto agree on car venture.

May 22, 2009 - Citing Guangzhou Automobile's (GAIC) general manager Zeng Qinghong, the Shanghai Securities News says Fiat and GAIC have entered into an agreement to set up a car manufacturing joint venture in China.

This venture, however, is still pending government approval. Zeng would not disclose further information concerning the size of this new JV. Local media reports put the necessary investment in the venture at approximately Yuan 4.3bn (US$627.8m).

GAIC has also acquired one-third of a Fiat transmission plant in Hangzhou in eastern China, Reuters has said. Financial details concerning this deal, which took place earlier in the week, are yet awaited.

According to the report, Zeng has also put to rest speculation that GAIC was seeking a back-door listing via Shanghai-listed Hunan Changfeng Motor, in which the OEM has picked up a 29% stake. "Changfeng Auto is a listed company and a very good fund raising platform. But Guangzhou Auto is proceeding with our own plan to go public currently," the newswire quotes Zeng as saying.

May 22, 2009 - Fiat has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager.

Zeng Qinghong did not disclose the size of the venture, which is still pending government approval.

The same newspaper said on Thursday the Fiat-Guangzhou Auto project would need an investment of 4.27 billion yuan ($625.7 million), citing a government document.

Guangzhou Auto, a partner of Toyota Motor and Honda Motor, sealed a deal on Thursday to take a 29 percent stake in Hunan Changfeng Motor Co (600991.SS), the newspaper said, confirming an earlier Reuters report.

It will buy the shares from Changfeng's state parent for around 1.05 billion yuan, becoming the largest shareholder of the sport utility vehicle specialist.

Under the agreement, Guangzhou Auto will invest 10 billion in Hunan province, the home base of Changfeng, in the next 5 years, increasing their joint vehicle production capacity to 500,000 units per year, it said.

Changfeng's current vehicle production capacity is 100,000 units.

Earlier in the week, Guangzhou Auto also acquired one-third of a Fiat transmisson plant in the eastern Chinese city of Hangzhou, Zeng was quoted as saying. It did not disclose financial details of the deal.

Zeng also dismissed a local media report claiming Guangzhou Auto would seek a back-door listing via Changfeng.

"Changfeng Auto is a listed company and a very good fund raising platform. But Guangzhou Auto is proceeding with our own plan to go public currently," Zeng was cited as saying.

Zeng told Reuters in April that both Shanghai and Hong Kong were ideal listing venues and the automaker had already submitted its application to China's securities regulator.
sources: automotiveworld.com and gasgoo.com
 

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Discussion Starter · #4 ·
Fiat to move into Changfeng factory

The recent JV between Guangzhou Auto and Fiat is set to find it’s home in Changfeng’s factories, which Guangzhou recently received via their Changfeng-Guangzhou merger.

Fiat plans to invest over 4 billion RMB into their latest China venture, and by 2011 plans to be producing cars. The venture aims to produce 140000 cars per year, and 220000 engines once the factories come online.

The JV with Chery to produce cars in Anhui province is still under agreement, but for reasons that are currently unknown, nothing has come of the agreement despite it being signed two years ago. It was rumored that Chery and Fiat would produce the Alfa Romeo range in China, but now it seems that plans have been postponed for now.
source: China Car Times
 

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Discussion Starter · #6 ·
Well it was never confirmed that Roewe will build badge-engineered Grande Punto. Most Internet sources speculate that Roewe's Punto with disguised nose is just mule to test various components of its upcoming small car (Roewe 250).

It's hardly for me to believe that FIAT would sign agreement with 3 Chinese manufacturers (don't forget Chery).

If those speculations are true, than this is the only example (at least that I'm aware of) that a company is using another manufacturer’s body shell for testing.
 

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Discussion Starter · #7 ·
Guangzhou Auto to build Fiat Linea in Guangzhou.

June 5, 2009
Guangzhou Automobile Industry Group and Fiat's joint venture will begin to build Fiat Linea at Panyu district of Guangzhou, Guangdong province, once it receives approval from government regulatory bodies, according to the Guangzhou-based Nanfang Daily.

Citing a notice from China's Ministry of Environmental Protection (MEP) published from May 31 to June 6, the newspaper said the car production joint venture will cost a total investment of 4.27 billion yuan ($625.7 million), with 70 million yuan of the budget being used in the environmental protection devices.

The venture, to be located in Hualong Town, Panyu district of Guangzhou, would produce 140,000 automobiles and 220,000 engines annually.

A PR executive for Fiat China said on Thursday that details including finally location of the plant are still awaiting government approvals. MEP is just one part of that procedure.

In mid May Guangzhou Auto acquired one-third of a Fiat transmission plant in the eastern Chinese city of Hangzhou.
source: Gasgoo.com
 

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The Fiat Linea is now to be made in China, thanks to the recent deal between Guangzhou and Fiat. The venture and the new plant is set to manufacture over 140,000 cars a year. It will be fully online in 2014.

 

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Discussion Starter · #9 ·
Work on Fiat factory to begin in August.


July 3, 2009
Fiat may have been given a bloody nose by the Chinese car market once before, but this is not putting them off from having another stab at the Chinese market place, this time with a new joint venture partner.

Fiat and Guangzhou Autos have been getting quite cozy with each other over the past 18 months with various technology trades happening, which has culminated in the latest joint venture. Fiat kept Guangzhou onside by selling them Fiat and Alpha Romeo platforms, on which Guangzhou Auto plan to build their small car range. The deal then lead to the JV being formed.

The new factory is expected to be able to produce 300,000 cars per year and will be producing 4 branded cars at the same time, (Fiat, Alfa Romeo, Changfeng, and Guangzhou) The new factory will be located in Changsha city, Hunan province, with work commening in August.
Construction at Fiat's car production venture with Guangzhou Auto is scheduled to begin in August. The facility, with annual capacity of 140,000 cars and 220,000 engines and based in the central Chinese city of Changsha, still requires government approval, local media reported today.

Fiat Auto is also planning to introduce its low-emission engine to China for local production to equip its China-made compact sedans. The two sides of the venture have denied reports that their new project will use the existing facility and capacity of Changfeng Motor -- Guangzhou Auto's newly-acquired subsidiary in Changsha.

Fiat and Guangzhou Auto have been cooperating since the beginning of last year, with various technology trades happening, which has culminated in the latest joint venture. Guangzhou Auto has secured the Fiat and Alpha Romeo platforms to build its small car range. The deal then led to the JV project in Changsha.

The new factory is expected to produce 140,000 sedans of the Linea series per year. With a joint investment of 4.27 billion yuan ($625.2 million), the Changsha-based Fiat project will also have an annual output of 220,000 low-emission engines. The facility still requires the government's regulatory approval.

Earlier last month, Guangzhou Auto decided to move its planned Fiat venture to Changsha, capital of Hunan province, from Panyu, Guangdong province, southern China. The Panyu production base will be only making the Chinese carmaker's self-developed brands.
sources: China Car Times and Gasgoo
 

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Discussion Starter · #10 ·
Fiat signs agreement with China's GAC.

July 6, 2009
Fiat Group CEO Sergio Marchionne signed an agreement today with state-owned Guangzhou Automobile Group Co. to produce cars in a joint venture beginning in the second half of 2011 as Fiat seeks to expand its position in the growing Chinese market.

Marchionne signed the deal with GAC Group chairman Zhang Fangyou in the presence of Premier Silvio Berlusconi and Chinese President Hu Jintao, who were meeting ahead of the Group of Eight summit, which begins Wednesday in the central Italian city of L'Aquila.

The joint venture plans to produce the Linea sedan as well as two engines in a new 700,000-square meter plant to be built in Changsha, the capital of Hunan province and a major road and rail hub 600 kilometers (400 miles) north of Guangzhou, Fiat said in a statement.

Investment in the joint venture will be euro400 million ($556 million), Fiat said in a statement, noting that the industrial project is eligible to receive support from the Chinese government under a new development plan to promote investment in six central China provinces.

The plant initially will produce 140,000 cars and 220,000 engines a year, with the potential to increase to a maximum 250,000 cars and 300,000 engines a year, Fiat said.

Fiat has recently taken a 20-percent stake in the U.S. automaker Chrysler, as Marchionne seeks to create a global auto powerhouse.

Fiat and GAC have been collaborating since 1998 on technology for development of the first vehicle to be produced under the GAC brand.

http://www.latimes.com/business/la-fi-fiat7-2009jul07,0,6122256.story
 

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Discussion Starter · #11 ·
China approves Guangzhou Auto, Fiat joint venture

November 26, 2009
China's economic planner said Wednesday it approved a vehicle-making joint venture between Guangzhou Automobile Group and Fiat SpA , and the restructuring of Guangzhou Auto and Hunan Changfeng Motors Co.

The joint venture between Fiat and Guangzhou Auto, announced in July, will make Fiat-brand passenger vehicles, Guangzhou Auto-brand sport-utility vehicles and Fiat's 1.4-liter engines, the National Development and Reform Commission said in a statement on its Web site.

The venture will have an annual production capacity of 140,000 vehicles and 220,000 engines.

Guangzhou Auto reached a deal in May to buy a 29% stake in Hunan Changfeng from Changfeng (Group) Co. to become the sport-utility maker's biggest shareholder.
Fiat starts construction of car plant in China

November 27, 2009
Guangzhou Automobile Industry Group and Italy's Fiat SpA started the construction of a 5-billion-yuan ($733 million) passenger car plant in China yesterday.

The new GAC Fiat facility, first announced in July, represents the Italian car maker's return to the Chinese auto market after it ended eight years of cooperation with Nanjing Auto in 2007 due to a failed partnership.

Located in Changsha, capital of Hunan province in central China, the equally owned car production joint venture will produce 140,000 vehicles and 220,000 engines annually in the first phase.

The first model to be produced will be Fiat Linea mid-class sedan as well as Fiat's 1.4-liter turbo engine when production starts in 2011.

The car maker, which formed a strategic partnership with Chrylser LLC globally, said the Chinese passenger car project is an important move in its global strategy.

"It would be impossible for Fiat to rapidly achieve a large market share merely depending on its small cars, where the segment is highly competitive," said Wang Liusheng, an auto analyst from Merchants Securities Co.

"The reborn of Fiat in China will also involve brand-building and setting up dealerships," he added.

With a limited product portfolio, the Italian car maker lost its direction in China, where soaring vehicle sales boosted the profits and sales of major global car makers, including General Motors Corp and Volkswagen AG.

The maker of Alfa Romeo cars and Ferrari sports cars has three imported vehicles in the Chinese market now.

By teaming up with Fiat, Guangzhou Automobile wants to accelerate the development of self-branded vehicles using Fiat's technology.
source: Gasgoo.com
 

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Discussion Starter · #12 ·
Guangzhou-Fiat to make "C-Medium" sedan in 2012

Changsha-based Guangzhou-Fiat joint venture, founded on March 9, 2010, has nailed down its product planning recently and its first car model, codenamed C-Medium, will be put into production in 2012, media reported.

The C-Medium car is a newly designed mid-class sedan, which carries a 1.4L turbocharged engine and the dual dry clutch transmission (DDCT), reaching the most advanced level of its kind globally. The new car, with a fashion design and excellent performance, will be locally produced from mid-2012.

Moreover, the Linea car, specially designed for the Chinese market, will start production at the end of 2011, the Guangzhou-Fiat joint venture told reporters.

http://autonews.gasgoo.com/auto-news/1015291/Guangzhou-Fiat-to-make-C-Medium-sedan-in-2012.html
 

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Sorry is in italian.

Dart daughter. I contenuti della Viaggio sembrano, infatti, dare ragione all'ottimismo manifestato dall'amministratore delegato di Fiat: la nuova berlina, che in Cina si chiama "Fei Xiang" un nome che evoca il volo, è spinta da un quattro cilindri turbo (1.4L T-jet da 120 e 150 cv). A firmare la linea della Viaggio è stato il Centro Stile della casa torinese lavorando sull'architettura Cusw (Compact US Wide) della Dodge Dart, che a sua volta deriva dalla piattaforma progettata per l'Alfa Romeo Giulietta. L'auto arriverà nei 91 concessionari e 125 saloni alla fine dell'anno, attraverso una rete che nasce anch'essa dall'accordo con la Gac. La Viaggio, come abbiamo già anticipato, potrebbe avere anche una sua variante europea a due volumi che andrebbe a sostituire la Bravo.
 

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I guess Fiat Linea has already launched in most of the countries and are obviously doing well. But its been a lot of time and still there are no updates regarding C-medium, which both of the companies had decided to design. I am saying on this basis as I haven't heard of anything about this car regarding updates and date of launch.
 
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