Himfr.com reports Fiat Auto wide base of 140,000 held in Changsha, laid the foundation stone

After more than four months of waiting, CBN reporter had an exclusive learned, Guangzhou Auto Group and Fiat Auto's co-operation agreement has passed the National Development and Reform Commission approval.

Guangzhou Auto Fiat project approval, Fiat, who live in awkward is undoubtedly of great significance, but for whatever reason, Fiat China will, after following this year's Shanghai auto show, once again the absence of A-class auto show.
 
 

"Guang Philippine Love" at the end of foundation

Last weekend, a Fiat insider of China, told reporters on the CBN, and the joint venture agreement with Guangzhou Automobile Group Development and Reform Commission has received formal approval, the official end of this month will be held in Changsha, the joint venture's ceremony.

Guangzhou Auto Fiat joint venture to obtain approval of the information has also been widely confirmed by steam, steam of a wide CBN insiders told reporters on the current aspects of Guangzhou Automobile and Fiat, are actively preparing for the groundbreaking ceremony, as well as a number of other processes task, the joint venture structure, etc. Details will be announced at the groundbreaking ceremony.

Guangzhou Auto Fiat joint venture to obtain approval, marks the Fiat vehicle manufacturing business in the interval of two years later, to re-enter the Chinese market. For a long period of Western Europe and Brazil, as the main market of the Fiat Auto, the entry is currently being fast-growing Chinese market, marking the progress of its globalization strategy.

By the end of 2007, Fiat officially withdrew its Southern Automobile Group joint venture, ending in China's vehicle manufacturing operations. From the withdrawal of Nanjing Fiat to now, China has been relying on imported cars Fiat business to maintain its brand presence in China, while the re-landing vehicle manufacturing operations efforts.

Guangzhou Auto Fiat's approval has been seeking to strengthen and expand on the Guangzhou Automobile Group is also beneficial to the expansion of the scale, based on the make up for some shortcomings of its product lines. Guangzhou Auto has always been dominant in the high-class car market, Accord and Camry occupy the top two in this segment. The overall vehicle sales in the current mainstream small car market, but it has been in the market's weakness. The Fiat Auto is precisely in the small car area of obvious advantages, this, and Guangzhou Automobile Group's existing product line has a very clear complementary.

And Fiat's joint venture, Guangzhou Automobile Group, for example, there is a deeper meaning. Before the Guangzhou Automobile Group, whether passenger or commercial vehicles, are, and Japanese companies to cooperate, and Fiat's cooperation is the first time in its tentacles from Europe.

Fiat Auto a wide project team members told CBN reporter that give them a great impact on Fiat, and compared to prior to contact with Japanese in terms of technology, or to create ideas are completely different.

Guangzhou Automobile Group and Fiat Auto in early July in Italy, signed a joint venture framework agreement, the two sides will jointly invest 400 million euros to set up, including vehicle division, the engine division and R & D centers, including a complete system, and in 2011 was formally production. It is learned that, in the end of this month's ground-breaking ceremony, will begin initial planning for the 140,000 capacity plant construction.

The absence of Guangzhou Motor Show Fiat

Because of the time on short notice, the original Fiat Auto to finalize wide plan to participate in the Guangzhou auto show has had to cancel.

The Fiat China who said that at present company is fully prepared to Changsha's ceremony. For the upcoming Guangzhou International Motor Show, because time is so short, it was too late to make any preparations, only Fiat Auto joint venture will be made widely public display for the time deferred to next year's Beijing auto show.

The source also believes that too much information during the auto show, but in fact the first appearance of the joint venture is not necessarily a very appropriate time to focus on some relevant information on the joint venture, specialized in Changsha, the ground-breaking ceremony held at the official announced it might be better.

Whether it is Guangzhou Automobile Group, or Fiat in China, are very much valued the Guangzhou auto show. Guangzhou Automobile Group Guangzhou is not just the headquarters, and the Guangzhou Automobile Group Guangzhou 2010 Asian Games as the main sponsor of this auto show is also its subsidiary companies in the Asian Games in Guangzhou before the general public to showcase the best opportunity.

In fact, in September, when, whether it is China's Guangzhou Automobile Group, or Fiat, are not expected to get approval cycle will be delayed for so long, have told reporters on the CBN is expected in October will be approved by Guangzhou Automobile Philippine Development and Reform Commission Fiat joint venture agreement, when the joint venture with Guangzhou Auto Show as an opportunity to be an official to the public. Of Fiat China, the Shanghai Auto Show because it is in the application and a joint venture between Guangzhou Automobile Group, a critical juncture, but abandoned the exhibition, together with the absence of this because of the short notice, has been the absence of A-Class auto show 1 years.