Fiat says its joint venture with Guangzhou Automobile Group (GAC) to produce cars and engines in China is on track to launch new platform medium-sized cars in 2012.
GAC’s optimism comes as Fiat president John Elkann met Hunan Province communist party secretary Zhou Qiang yesterday (14 September).
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Hunan – part of widespread Chinese investment in the country’s six central provinces – is the site of the GAC-Fiat joint venture, which the grouping claims is the largest automotive investment in the region.
A statement from Fiat noted: “The alliance between GAC and Fiat to produce cars and engines in China is proceeding as planned and scheduled to launch new platform medium-sized cars in 2012.
“The plant is located in the city of Changsha, an important road and rail [hub] in the heart of south-central China, around 600km north of Guangzhou, which will be connected soon through a high-speed rail network.”
