Fiat-Sollers 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
It had its origins in January 2006, when a licensing agreement was first signed between the two companies. 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. 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
- Fiat Albea[10]
- Fiat Palio[10]
- Fiat Doblo
- Fiat Linea
- Fiat Ducato
External links
- Fiat page on the Severstal Avto website (archive)
References
- Fiat, Severstal in industrial, sales joint venture Reuters UK, Reuters, retrieved 28 May 2017^
- Volkswagen to Assemble Skodas in Stupino The Moscow Times, retrieved 28 May 2017^
- SOLLERS Sollers-auto.com, retrieved 28 May 2017^
- Fiat to open new plant in Russia Automotive News, retrieved 28 May 2017^
- Fiat, SeverstalAvto to make diesel engines Automotive News, retrieved 28 May 2017^
- Fiat signs two joint ventures in Russia Automotive News, retrieved 28 May 2017^
- Crisis? What oil crisis? The Economist, 5 June 2008, retrieved 28 May 2017^
- Will Bland, William Mauldin. Fiat to Forge Joint Venture in Russia Wall Street Journal, 9 February 2010, retrieved 28 May 2017^
- UPDATE 4-Sollers drops Fiat JV, to team up with Ford Reuters, 18 February 2011, retrieved 28 May 2017^
- Severstal-Avto to Invest $30M to Kickstart Fiat The Moscow Times, retrieved 28 May 2017^