Joint venture to expose Guangzhou auto Fiat lock Linea

The report (reporter Zhu Zhengzi) for Guangzhou auto Fiat Joint venture, although both sides confirmed the existence, but for the specific contents of the joint venture, both sides are "secretive." However, information from other sources still "cobwebs" the contents of the joint venture project.　　Yesterday, the state Environmental Protection Ministry May 31 to approve the construction project environmental impact report, not only exposed the Guangzhou auto Fiat Joint venture investment, production scale, but also the cooperation between the two sides of the production of the specific models of the Linea, and the first official disclosure. According to the Ministry of Environmental Protection Information Show, Guangzhou auto Fiat passenger Car construction project is located in Guangzhou Fanyu District town, Jiang Village.　　The project plans an annual output of 140,000 Linea series sedan, 220,000 engines, a total investment of 4,269,360,000 yuan, of which only the environmental investment of up to 70 million yuan. Fiat Chinese officials yesterday "euphemistically" confirmed that the Fiat will produce Fiat Linea series of cars, but stressed that the initial phase of the joint venture project will not be 140,000 units. Under Fiat's plan, 50,000 fiat cars will be sold in the Chinese market in 2010, including imported vehicles such as Punto (G rand), Bo Yue (Bravo) and (D-Oblo). The relevant person in Guangzhou and the sole distributor of the Fiat sedan Guangzhou Italian Philippines, and yesterday declined to comment on the Ministry of Environmental Protection information.　　It is understood that Fiat-led sedan as imported vehicles in the second half of last year formally introduced into the Chinese market, positioning for the intermediate sedan. May 21, Guangzhou GAC and Hunan Changfeng Automobile Group signed a strategic cooperation agreement to acquire Changfeng Group Holdings of Changfeng Motor part of the shares and become the largest shareholder of Changfeng automobile. It is widely believed that Guangzhou Auto's strategy of acquiring Changfeng Motors is to look for a production base for the Fiat project in Guangzhou.　　In accordance with the National automobile industry policy, the future of new car projects or existing car manufacturers to build additional factories in different places, must be merged to reorganize the form of existing car manufacturers. Yesterday, Fiat Chinese people said, "Guangzhou Auto Fiat Joint Venture project, in the end is located in Canton or Changsha, everything is in charge of the approval of the department to prevail!" "It is reported that Guangzhou Auto and Fiat joint ventures are awaiting approval procedures at the National Development and Reform Commission."　　This is the main reason why both sides keep a low profile on joint ventures. While the passenger car joint venture is still awaiting approval, the cooperation between GAC and Fiat is advancing in the "periphery" business. May 20, Guangzhou Auto bought Hangzhou Iveco Auto Transmission Co., Ltd. One-third stake, the company was established by the Hangzhou Forward Gear Box Group Co., Ltd., Yue Jin Auto Group and Iveco AG in 1996 to set up the Sino-Italian joint venture, for the domestic sedan, Light passenger car and truck transmission professional manufacturer and import and export base. Guangzhou Auto shares, will be with the Italian Fiat Power Technology (FPT) and Hangzhou forward gear box group, respectively, 1/3 of the interest of Hangzhou-Victoria Ke.