GAC Fait Chrysler sales company to be listed soon laying foundation for Jeep’s domestic production in China

Gasgoo.com (Shanghai July 3) – According to an announcement released by GAC Automobile Group five month ago, its joint-venture subsidiary GAC Fiat has altered the name to GAC Fiat Chrysler, becoming a 3-way joint venture of GAC Group, Chrysler Asia Pacific Investment Co., Ltd. and Fiat Group.And a new sales company will be listed in the mid of July, about half month later than what has been planned.

The sales company will lay a solid foundation for Jeep’s first domestic production in China, which will be based in Changsha, with a subsidiary in Shanghai. As for the management of the new sales company, FCA and GAC have generally agreed to name Zhengjie, the CEO and general manager of Fiat Chrysler China sales company, as the general manager for the GAC Fiat Chrysler sales company. And Chen Daohong, the GAC Toyota marketing manager, will take the post of the new company’s executive vice general manager.

As the first brand in SUV, Jeep is engaged in the globalization advancement, with keeping sales records for four consecutive years. Jeep has set up many factories in various places including Detroit America, Toledo, Spain and Brail. And now at the end of the year, Jeep will enter the Chinese market as domestically produced SUVs.

In 2014, the global sales for Jeep approached 1 million units, a 39% growth compared with the same period of last year. And Chinese market stood out as the fastest growing market for Jeep with 49% year-on-year growth.