Jeep to build 100,000 units a year in China
MILAN -- Chrysler Group expects to make at least 100,000 Jeeps in China soon after production starts in 2014, Reuters reported.
Output could double quickly, Chrysler-Fiat CEO Sergio Marchionne said, without giving a precise time frame. Chrysler, in which Fiat has a 59 percent stake, has agreed to make Jeeps in China with Guangzhou Automobile Group.
"We expect production of around 100,000 Jeeps per year, which is expandable to 200,000," Marchionne said here at an industry conference, adding that production could start in 18 months.
In 2012, General Motors and Volks-wagen AG each sold more than 2.8 million cars in China, the world's largest vehicle market, together accounting for more than 29 percent of China's total vehicle sales of 19.3 million, according to consulting firm IHS Global Insight.
Jeep, Chrysler and Fiat sold just over 60,000 cars in China last year.