Fiat – as sweat as cherries
Chery Automobile Company was created by Fiat SpA and China. The purpose is to form a joint venture in order to produce 2 brands, Fiat and Alfa Romeo, for the Chinese market. The production is going to start at a Wuhu plant, Wuhu belongs to Anhui province.
The start is planned for 2009 and it is expected to produce about 175,000 Fiat and Alfa Romeo annually. This news became known the day after Fiat admitted its plan to buy 100,000 engines annually from Chery. Just imagine, this is not counting already existing six joint ventures and nine wholly foreign owned enterprises in China. These enterprises produce and distribute agricultural and construction equipment, commercial vehicles, cars and auto components. Fiat automakers plan to have 300,000 car sold in China.
Fiat CEO Serigo Marchionne calls this event a ‘fundamental step’ in expanding this brand all over the world.
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on Saturday, August 11th, 2007 at 8:27 pm and is filed under Fiat.
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August 22nd, 2007 at 9:45 am
Oh yeh the car looks beautiful. recently I have been to Russia amd saw their “national car” called “Zhiguly”. I was very surprised to learn that the first model of “Zhiguly” was a precise copy FIAT. but nowdays the difference between these two cars is great.