Fiat SpA plans to begin making Jeep sport utility vehicles in China, the largest market for the brand outside the U.S., by late 2015 after reaching an agreement with local partner Guangzhou Automobile Group Co.
Maserati will probably increase production and add the Alfieri sports car to its lineup after advance sales at the upscale Italian brand have almost tripled over 2013’s deliveries, people familiar with the matter said.
Fiat SpA Chief Executive Officer Sergio Marchionne said the Italian automaker will have the potential to boost annual deliveries as much as 55 percent to 7 million vehicles following the merger with Chrysler Group LLC.
Fiat SpA Chief Executive Officer Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month in the U.S., the home market of the Italian carmaker’s Chrysler division.
Fiat SpA is adding 800 employees in Sterling Heights, Michigan, to support production of the redesigned Chrysler 200, reviving a factory that was almost shuttered following the U.S. automaker’s 2009 bankruptcy.
Fiat SpA’s Chrysler division is dropping a request for provincial and federal Canadian funding to develop new minivans and other models, saying the carmaker will escape political interference by using its own money.