FIAT, the Italian automotive group, will sign a memorandum of cooperation with Chongqing, China, stating that FIAT will build a new commercial vehicle engine plant in Chongqing. The location is certainly in the southwest of China, and it is also the development center of Changan Automobile Group.
One of the reasons for this FIAT-funded commercial vehicle engine plant was low wages, but the investment amount reached 263 million U.S. dollars (equivalent to NT$ 8.26 billion). It is estimated that the annual production capacity can reach 100,000 diesel engines, of which 70% will be achieved. Will be exported to all over the world and become the heart of the FIAT car.
On the other hand, when Nanjing Auto Group and FIAT were separated in 2005, Shanghai Automotive Group acquired Nanjing Automobile Group. Of course, Nanjing Automobile Group and FIAT also lost the possibility of re-cooperation. The Changan Automobile Group, which ranks among the top four automotive groups in China (FAW, SAIC, Chang'an and Dongfeng), currently has cooperative car brands FORD and SUZUKI. The FIAT has set up a factory in Chongqing, and it is none other than FIAT and Changan Automobile Group. , providing unlimited imagination space.
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