Company Overview of GAIG Stock Co., Ltd.
GAIG Stock Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of automobiles in China. The company manufactures passenger vehicles, commercial vehicles/buses, and motorcycles. GAIG Stock Co., Ltd. was formerly known as Guangzhou Automobile Industry Group Co., Ltd. and changed its name to GAIG Stock Co., Ltd. in June 2005. The company was founded in 2000 and is based in Guangzhou, China.
23,15 F Cheng Yue Building
No.448-458 Dong Feng Zhong Road
Founded in 2000
Key Executives for GAIG Stock Co., Ltd.
Chairman of the Board, General Manager and Secretary of CPC
Vice Chairman and Vice Secretary of CPC
Compensation as of Fiscal Year 2015.
GAIG Stock Co., Ltd. Key Developments
Fiat Chrysler Automobiles N.V. and Guangzhou Automobile Industry Group Co., Ltd. Announce Major Developments in Joint Venture Project
Nov 20 14
Fiat Chrysler Automobiles N.V. (FCA) and Guangzhou Automobile Industry Group Co., Ltd. (GAC) announced 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 lineup. GAC Fiat will have access to the Fiat and Chrysler brand products announced during the FCA May 2014 Investor Day. Product announcements will be made at a future date. Distinct Commercial and Industrial Activities: In addition, the preliminary agreement includes the separation of commercial and industrial activities. The distinct entities will provide support and management in working toward the successful launch of the approved product plan, including the introduction of a second vehicle plant in Guangzhou. A joint commercial operation will be established that will be responsible for all Sales, Marketing, Product Planning and Aftersales development of Jeep, Fiat and Chrysler brands. This operation will have responsibility for both locally produced and imported products. The industrial operations based in Changsha will continue to support both the Changsha and Guangzhou vehicle and powertrain manufacturing plants. This industrial group will retain responsibility for all GAC Fiat manufacturing activities including assembly, quality, product engineering and supply chain management. Future Dealer Network: As part of the preliminary agreement, GAC and FCA will work to start laying the foundation for the aggressive network expansion required to support the development of SUVs through Jeep and passenger cars through the Fiat and Chrysler brands. The best-performing dealers from the two existing networks in China will form the basis of both the Jeep SUV network and the Fiat /Chrysler passenger car network. Further investors will be required to support the doubling of both networks by 2018.
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