Report: Chinese Jeep production confirmed with Fiat, Guangzhou agreement

Filed under: SUV, China, Plants/Manufacturing, Crossover, Jeep

Jeep Badge

Fiat has just finalized a deal originally set up in January between it and China’s Guangzhou Automotive Group to bring Jeep production to China. It remains unclear which models will be built, although we’re wagering that it’ll be the 2014 Cherokee. What we do know, now, is where production will take place.

According to Automotive News, Guangzhou originally wanted production to take place in its home assembly plant in its namesake city. Fiat has battled to send production to a joint venture facility established between Guangzhou and Fiat in the town of Changsha. The joint facility won out, and now the factory, originally built in 2010 with a 140,000-unit capacity, will see Jeeps rolling out of it.

Currently, the GAC-Fiat factory produces the Fiat Viaggio, a jointly developed product that is closely related to America’s Dodge Dart. And while it remains unclear as to which model will join the Viaggio on the assembly line, that model is understood to ride on Fiat’s Compact platform. The only Jeep to share those underpinnings is the new Cherokee, so there’s not much connecting of dots needed to see why this scenario would make sense.

Chinese Jeep production confirmed with Fiat, Guangzhou agreement originally appeared on Autoblog on Wed, 21 Aug 2013 14:01:00 EST. Please see our terms for use of feeds.

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Report: Mahindra says it has terminated U.S. dealer agreement

Filed under: Budget, Truck, Government/Legal

Mahindra Pik-Up

Mahindra Pik-Up – Click above for high-res image gallery

Mahindra’s four-year saga with Global Vehicles is taking so many turns, it should get a telenovela on Univision. When we recently posted that the Pik-Up finally received EPA certification, GV and its dealer network were excited and ready to go. However, commenters on that post noted a message on Mahindra’s site indicating that the company’s relationship with GV was kaput.

Mahindra hasn’t said a word since, but Global Vehicles and the dealers have let folks know that they aren’t impressed and that they have no idea what Mahindra thinks it’s doing. Global Vehicles’ official response was, “such attempted termination is invalid under applicable laws of the United States and the State of Georgia, something which Mahindra continues to disregard.” And a dealer who’s got a showroom ready to sell Pik-Ups in December said, “If they’re still coming in December of this year like they’ve said they are, they’re coming through my dealership, and that’s all there is to it.”

GV has taken the unusual step of initiating arbitration in the United Kingdom, in the belief that legal action here could further delay the anticipated retail sale date. We’ll wait to hear what Mahindra has to say on the matter, and we’re sure that the folks waiting to buy a TR20 or TR40 Pik-Up hope Mahinda talks soon — and with some good news this time.

Gallery: Mahindra Pik-Up

mahindra-pickup-large_21mahindra-pickup-large_11mahindra-pickup-large_22mahindra-pickup-large_12mahindra-pickup-large_13

[Source: Automotive News – sub req’d, via Motor Trend]

Report: Mahindra says it has terminated U.S. dealer agreement originally appeared on Autoblog on Sat, 28 Aug 2010 11:25:00 EST. Please see our terms for use of feeds.

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Despite agreement with AmeriCredit, GM said to keep deal with Ally

Filed under: GM, Earnings/Financials

General Motors may be in the process of acquiring AmeriCredit as a step toward securing a captive in-house financing operation, but the company says it will continue to nurture its relationship with Ally. As you may recall, Ally (formerly GMAC) has financed dealer floor plans for years, and GM says that it will continue to rely on its former financing arm for that very reason. While AmeriCredit has been able to weather the rise and fall of consumer confidence with nary a scratch, the company doesn’t boast same level of assets as other lenders. Note also that AmeriCredit has next to no experience financing dealer floor plans, and it’s easy to see the holes in GM’s financing strategy.

Ally seems happy to fill in those bald spots. According to Automotive News, the company provided financing for around a third of all GM vehicles sold at retail during in the first quarter of 2010 and 90 percent of The General’s vehicles in inventory. That leaves AmeriCredit to take care of subprime borrowers and leasing duties. Consider the two the dynamic duo of GM financing.

[Source: Automotive News]

Despite agreement with AmeriCredit, GM said to keep deal with Ally originally appeared on Autoblog on Sun, 25 Jul 2010 12:32:00 EST. Please see our terms for use of feeds.

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