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Fiat-Sollers

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Fiat-Sollers
Company typeJoint venture
IndustryAutomotive
Founded2006
Defunct2011; 13 years ago (2011)
SuccessorFord Sollers
Headquarters
Russia
Area served
Russia
ProductsAutomobiles
OwnersFiat S.p.A.
Sollers JSC

Fiat-Sollers (Russian: СП «Соллерс-Fiat») was a joint venture between Fiat S.p.A. and Sollers JSC (formerly Severstal Avto). Each company had a 50% share in the venture, and the product range was determined by Fiat.[1]

Overview

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Vladimir Putin visiting the Fiat-Sollers Naberezhnye Chelny plant in 2010

It had its origins in January 2006, when a licensing agreement was first signed between the two companies.[citation needed] As part of the deal, Severstal Avto became the distributor of the full range of Fiat cars and commercial vehicles.[2] Fiat-branded cars from the venture were launched at the Moscow International Automobile Salon of 2006.[3]

Complete knock-down kits of the Fiat Albea sedan and Fiat Doblò van were assembled for the Russian market in Naberezhnye Chelny,[4] in the facilities of the ZMA automotive company.[citation needed] An agreement to manufacture the F1A diesel engine for the Fiat Ducato and the UAZ Patriot in Nizhniy Novgorod was signed in December 2006.[5]

A new factory in Yelabuga was established as part of the joint venture to manufacture the Fiat Linea.[4] The facility was also used to produce the Fiat Ducato.[6] In May 2008 Vladimir Putin drove the first Fiat Ducato to come out of the new factory.[7]

A formal joint venture structure between the companies was set up in February 2010.[8] In February 2011, Sollers decided to terminate their partnership with Fiat at the end of the year, and the Naverezhny Chelny plant was offered to Ford as part of the new Ford Sollers joint venture.[9]

Production

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References

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  1. ^ "Fiat, Severstal in industrial, sales joint venture". Reuters UK. Reuters. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  2. ^ "Volkswagen to Assemble Skodas in Stupino". The Moscow Times. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  3. ^ "SOLLERS". Sollers-auto.com. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  4. ^ a b "Fiat to open new plant in Russia". Automotive News. Retrieved 28 May 2017.
  5. ^ "Fiat, SeverstalAvto to make diesel engines". Automotive News. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  6. ^ "Fiat signs two joint ventures in Russia". Automotive News. Retrieved 28 May 2017.
  7. ^ "Crisis? What oil crisis?". The Economist. 5 June 2008. Archived from the original on 24 March 2017. Retrieved 28 May 2017.
  8. ^ Bland, Will; Mauldin, William (9 February 2010). "Fiat to Forge Joint Venture in Russia". Wall Street Journal. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  9. ^ "UPDATE 4-Sollers drops Fiat JV, to team up with Ford". Reuters. 18 February 2011. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
  10. ^ a b "Severstal-Avto to Invest $30M to Kickstart Fiat | News". The Moscow Times. Archived from the original on 30 September 2017. Retrieved 28 May 2017.
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