--FILE--Visitors look at a Fiat Viaggio at the stand of GAC Fiat Chrysler, a joint venture between Guangzhou Automobile Group Co (GAC) and Fiat Chrysler, during an automobile exhibition in Nanjing city, east Chinas Jiangsu province, 30 September 2014.
Fiat Chrysler Automobiles NV (FCA) and Guangzhou Automobile Industry Group Co Ltd (GAC) announced Thursday (20 November 2014) a preliminary agreement that would expand cooperation and further strengthen the GAC Fiat joint venture, which includes production of a Chrysler brand vehicle in China. FCA and GAC have agreed to bring a localized Chrysler product to China, adding it to the existing Fiat brand offering to create a formidable passenger car brand line up. GAC Fiat Automobile Co will have full access to the FCA portfolio announced during the FCA May 2014 Investor Day. Product announcements will be made at a future date. GAC Fiat also reaffirms its commitment to a full sport-utility vehicle offering through the legendary Jeep brand with the localized production of three new Jeep models by the end of 2016. By 2018, the Jeep brand will have one of the most complete SUV portfolios in China ranging from sub-compact SUVs to full-size luxury SUVs. Whether imported or localized, all Jeep products in China will honor the global core values of Jeep -- authenticity, passion, adventure and freedom.