Fiat has confirmed that it will restart assembly of the Siena at is plant in Cordoba, Argentina.

According to Brazil-based AutoData, production will begin in January 2008. The company is expected to produce around 50,000 units a year initially.

The plant was closed in 2002 in the midst of the collapse of the Argentine economy. Fiat has invested US$600m in the plant that was inaugurated in 1996. it produced the Siena for almost seven years.

According to AutoData Fiat will invest US$60m to reactivate the plant. 1,000 new jobs will be created and a further 2,000 at suppliers. One of the main costs will be restablishing a dealer network.

Fiat also confirmed the production of a medium-size pick-up in Argentina, starting at the end of 2008, as a result of an agreement with Tata, a vehicle manufacturer from India. The companies will invest a further US$90m in the plant to set up production of the pick-up and engines and transmissions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fiat currently assembles 1.7 litre diesel and 1.6 litre gasoline engines in Argentina for export. In May 2006, the company entered into a 10-year agreement with PSA Peugeot Citroën for the production and supply of 140,000 gearboxes per year.

The Cordoba plant has capacity to produce 160,000 vehicles a year, 190,000 engines and 260,000 transmissions.