Fiat plans to launch production of “500” model next year

APA - Austria Presse Agentur
12-05-2006, 15:59

Warsaw (Puls Biznesu) – The production of the newest small car will start in July 2007. First cars will be sold in September.

Warsaw (Puls Biznesu) – The production of the newest small car will start in July 2007. First cars will be sold in September.

The production of the newest small model of Fiat, “500”, will start in Tychy, southern Poland, in July 2007.

“Sales will be launched in September 2007”, Sergio Marchionne, Fiat Group general director said.

He refused to give details of the project.

“These are going to be substantial amounts of money”, Sergio Marchionne said only.

Earlier, Enrico Pavoni, the head of Fiat Poland, told “Puls Biznesu” that the value of the project would be similar to the funds spent to launch production of Panda. In 2003, Fiat spent EUR 570m to launch the production of the Panda model.

The production of Fiat 500 next year, and a year later of the new Ford Ka will ensure orders for 10 years. Each year, 120,000 cars of each model will be produced.

 

 

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Podpis: APA - Austria Presse Agentur

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