Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
Guangzhou Auto's compact crossover
 
Fiat Chrysler, GAC exploring deeper China ties
Bloomberg | 2017/11/24

BEIJING -- Fiat Chrysler Automobiles and Guangzhou Automobile Group are in talks to deepen their partnership in China as GAC prepares to sell vehicles in the United States under the Trumpchi brand. 

Models, production and sales are at the core of the discussions with Fiat Chrysler, said GAC President Feng Xingya. "Shareholders of both companies are exploring ways to expand the scope of cooperation," he said. 

Fiat Chrysler declined to comment. 

The joint venture between Fiat Chrysler and GAC was established in 2010 as a 50-50 partnership between the two companies. 

The venture sells three locally produced Jeep models -- the Cherokee, Renegade and Compass -- and also imports the Grand Cherokee and the Wrangler. Last year, the venture¡¯s China sales tripled to 146,439. 

As China¡¯s auto market expands, foreign automakers are bolstering their local partnerships and bracing for the phase-in of EV quotas, which take effect in 2019.

Trumpchi export 
"Making our company a global player is a very important breakthrough for us in our five-year plan" through 2020, Feng said in an interview with Bloomberg. "The U.S. market is very important to Guangzhou Automobile," and achieving success there is "symbolically significant" for the company's global ambitions, he added. 

GAC plans to start exporting its Trumpchi crossovers to the United States in 2019. 

The company will launch production in the United States if American consumers welcome Trumpchi models imported from China, Feng said.
 
"We are very satisfied with our cooperation with FCA," the executive said. "We have yet to reach a conclusion on how to cooperate with FCA when we begin manufacturing in the U.S., and we have also not begun discussions with other Chinese automakers on whether to make cars together in the United States.¡±

GAC also operates local joint ventures with Toyota and Honda.

Related Stories
  • FCA integrates production, sales at GAC venture
  •     --Published:2019/7/5
     
  • FCA replaces China sales chief amid slump
  •     --Published:2019/3/5
     
  • Europe's automakers scramble to protect profits in China
  •     --Published:2019/2/4
     
  • Fiat Chrysler cuts financial targets as Q2 China sales flop
  •     --Published:2018/27/7
     
  • Multiple challenges in China await FCA's new CEO
  •     --Published:2018/27/7
     
  • Fiat Chrysler slump continues amid aging product lineup
  •     --Published:2018/24/7
     
  • FCA, GAC launch Jeep Commander output in Changsha
  •     --Published:2018/10/4
     
  • How Geely sought to acquire FCA
  •     --Published:2018/6/3
     
  • Geely held informal talks with Fiat Chrysler before Daimler stock deal
  •     --Published:2018/2/3
     
  • Alfa Romeo, Maserati cut production after China slowdown
  •     --Published:2017/20/10
     
  • Why it makes sense for Great Wall to buy Jeep
  •     --Published:2017/25/8
     
  • Great Wall cites 'big uncertainties' in making deal with Fiat Chrysler
  •     --Published:2017/25/8
     
  • Great Wall covets Fiat Chrysler's Jeep brand
  •     --Published:2017/22/8
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ