Fiat to offer subsidies to Chinese dealers

Shanghai. February 25 (Gasgoo.com) - Fiat Group China will offer subsidies to Chinese dealers who agree to stay with the automaker, the Italian automaker announced during a dealership conference in Suzhou last week.

Fiat dealers, who choose to stay with the company's new sales network, will be offered a certain amount of compensation, though the exact figure is unknown. Some 35 out of the 100 Fiat dealers in China are expected to stay with Fiat's new dealer network.

Fiat has named China Auto CAIEC Ltd, a subsidiary to China National Machinery Industry Corporation as its chief sales representative in China and that will help Fiat save a lot of troubles and cut off operation costs in Chinese market.

Fiat further promised that imported Grande Punto, Linea and Bravo models will go on the market in China by July this year, and its first locally produced model- Linea will be produced by Fiat-Chery joint venture by the third quarter next year.

The Italian automaker is facing a dilemma in China now. After breaking up with Nanjing Auto, Fiat has found itself with no cars to sell in the Chinese markets for the time being. The Italian automaker will have to rely on some imported models to maintain its presence in Chinese market.

For more information please visit http://www.gasgoo.com