Chery to Supply engine to Fiat

[Reng]

Some news to share:

 

Chinese automaker Chery to supply engines to Italy's Fiat

Mon, Aug 06, 2007

AP (Associated Press)

 

BEIJING (AP) -- Italian automaker Fiat SpA has signed a deal to buy engines from China's biggest domestic automaker, Chery Automobile Co., a state news agency reported Monday.

 

Chery will supply Fiat with 100,000 engines a year, the Xinhua News Agency reported.

 

The agreement by Chery, which is eager to expand abroad, comes just one month after the company sealed a deal to manufacture small cars for Chrysler Group.

 

Chery and Fiat signed a memorandum of understanding eight months ago, and auto industry media had reported that an engine supply deal was imminent.

 

"The agreement means that Fiat, who had been testing Chery's engines during the past year, have recognized the technologies and quality of the engines developed by Chery," Xinhua quoted Chery Deputy General Manager Zhou Biren as saying.

 

Zhou said the two companies are "exploring possibilities" on other cooperation, Xinhua reported, without giving details.

[Quantum]

good news mah!

Fiat price will drop liao

[Porche]

that means dun buy fiat liao

[Falc]

haha ... ya man, what happened the the once mighty Fiat.

[Reng]

Ya,may be is low cc engine or use in fiat car in China market,anyway, is a good move by China car maker.

[Cthulhu]

what the fiat man...

 

Fiat and Chrysler are both out of my list for my next car!!! there's no way i $ucker enuff to pay Fiat prices and get Chery engines!!!

 

anyway, i used to think the Punto's kinda nice...

[Weichien]

cannot buy fiat liao.

lousy foresight. can trust china brand.

[Cthulhu]

yeah man...

 

i mean, i pay chery prices get chery product, i happy...

 

but how can i pay fiat prices and get chery product? dat's ridiculous!!!

 

alright, i've to admit that i'd gladly pay chery prices and get fiat product! hahaha! ...just joking!

[Weichien]

if that is so. i won't get fiat even tough i never own a conti car before.

one price one good

cannot be conti price china goods. hgmmm

[Albeniz]

After installing the Chery engine, FIAT will live up to its name.

 

FIAT means (F)ix (I)t (A)gain, (T)ony.

Tony is a common name for mechanic.

[Rtth84]

any link for the source?

[Fongs]

I thought it means (F)I*T (I)s (A)lways (T)rouble...?

[Cavver]

good news mah!

Fiat price will drop liao

 

Bad news for china cars owners [like KuKu.driver]

 

Chery price will up liao due to value increase in brands

[Albeniz]

Chery price will up liao due to value increase in brands

 

Not to worry, the price will come down finally due to quality reasons

[Bearbear1494]

I'm guessing the engines that Chery will be making for Fiat are those small capacity ones mainly for use in models sold to China & other countries like perhaps South Africa. The ones that the Asean markets get may be a mixture of Chinese-made engines & Fiat-made. Anyway, pretty good move on Fiat's part, as long as they keep enforcing their own QC standards on the Chinese. Hopefully the cost savings will be passed on to consumers, not just the Fiat shareholders.

[Watwheels]

I guess what the Fiat Group is trying to prevent its organisation from going into financial difficulties on the long run.

 

The selling of mass volume small cars is to help its group stay afloat in the automobile industry. The British car makers is a good example of failing.

 

Th Americans are chocking up losses too.

 

Except for the Japanese, Koreans and up coming Chinese.

[Hicksau]

not surprising..

 

almost all car brands buy their engines from china nowadays..

 

merc, chrysler, vw.. and many more are buyin their bulk of their engine components or engines from china ..

 

jap cars also included..

 

its only car brands that are not really very trenched in global market are not doin so yet .. like fiat, skoda ... but they are startin to do what majority of car makers are already doin..

[Kwchan]

http://www.autosavant.net/2007/08/chery-to...group-cars.html

 

 

The cars to be produced by Chery are intended for the Chinese market only