Chery to supply 100,000 engines to Fiat annually

Fiat and Chery completed an engine supply deal  yesterday. Under the agreement, Chery will provide 100,000 gas engines annually to Fiat. These 1.6 L and 1.8 L gas engines will be designed for Fiat automobiles manufactured globally.

The forged deal (with Chery) deomonstrates both parties' confidence on the partnership. This is also a good basis for studying further cooperation with Chery in the automotive industry, said Fiat chief executive Sergio Marchionne.

Yin Tongyao, Chery's president, said the cooperation helps increase Chery’s competitiveness in international auto market and he delighted to deepen our partnership and look forward to advancing together with Fiat.

“The final deal came nine months after the signing of Memorandum of Understanding,” said a Chery sales official. “Because Fiat needs the time to test the compatibilities between Chery engines and Fiat cars.”