Fiat-Chrysler Partnership to Make 280,000 Compact SUV units a year
Renowned Italian automaker, Fiat S.p.A. joins forces with American car company, Chrysler Group LLC to produce about 280,000 units a year of compact SUV models for the brands Alfa Romeo and Jeep. The partnership’s activities will kick off in 2012 and will be based in the Italian automaker’s plant in Turin.
Just recently, Fiat S.p.A. has announced its approval of the $1.78 billion budget that will be used to ready the factory where the very first SUV will be born in the 101 years history of Alfa. This will also be where a new Jeep model unit will be made, in replacement of the former Patriot / Compass models.
It is speculated that the production output will start showing by the latter part of year 2012. This was confirmed by Sergio Marchionne, the CEO of the joint Fiat-Chrysler team.
According to the partnership’s spokesperson, the new Alfa SUV model will be going head to head with Mercedes-Benz GLK, Audi Q5, and the BMW X3. Marchionne also adds that the Mirafiori, Turin plant is the sole factory where the new Jeep model will be produced.
Out of the initial 280,000 units to me made in the Turin plant will be sold in the European market while the other half will be sold in North America. The new Alfa model units carry a big weight since it’s part of the Fiat’s re-launch in North America that is scheduled in early 2013.
An estimated 15,000 Jeep units are expected to be made in a year while Alfa units are expected to be somewhere around 100,000 to 130,000.
Tags: Alfa Romeo, car news, new Alfa Romeo SUV
