DETROIT: Fiat, Chrysler and a Chinese automaker announced that they had signed an agreement to expand vehicle manufacturing in China and produce the Jeep for sale in that market.
The companies said the deal was signed at Chrysler Group LLC’s headquarters in the Detroit suburb of Auburn Hills.
It was announced as Guangzhou Automobile Group Co. discussed its plans during press days at the North American International Auto Show.
A joint venture between GAC Group, Fiat Group Automobiles SpA and Chrysler Group International LLC currently builds the Fiat Viaggio and distributes models such as the Fiat 500, Freemont and Bravo in China. Production of more Fiat models is planned.
“The expansion of the agreement with our GAC partners will allow us to unleash the potential of both our Fiat and Chrysler Group brands in China,” Jeep President and CEO Mike Manley, who also is chief operating officer for Fiat SpA’s Asia Pacific region, said in a statement.
The companies say the venture’s next step will be to build Jeeps in China for the Chinese market. Jeep already sells several models in China, including the Grand Cherokee, Wrangler and Compass, but they are imported.
Jeep has said volume would be incremental to start.
“This agreement is another milestone of our partnership with Fiat and Chrysler Group,” Zeng Qinghong, general manager of GAC Group, said in a statement.
“It definitely creates the basis for our JV to reach very ambitious objectives in Chinese market.”
Chrysler is owned by Italian carmaker Fiat.
Details of which Jeep model might be built first or when production might start weren’t specified. After GAC Group’s news conference, however, Qinghong told reporters that the hope is for production to begin in 2014. He said increasing demand for Jeeps is expected.
In Detroit, Guangzhou showed three vehicles currently built under its Trumpchi brand, but Qinghong said it has no immediate plans to sell in the US.
Automakers agree to build Jeeps for Chinese market
Automakers agree to build Jeeps for Chinese market
MEA to see $3tn real estate, infrastructure pipeline by 2030, JLL says
RIYADH: The Middle East and Africa region is set to see a $3 trillion pipeline of real estate and infrastructure projects between 2026 and 2030, driven by tight occupancy levels and strong investor demand, an analysis showed.
In its latest report, professional services firm JLL said low vacancy and strong absorption rates are among the key drivers accelerating the sector’s transformation in the region, easing supply constraints and supporting rental and sales growth.
The steady momentum in the region’s real estate and infrastructure sectors underscores the ongoing economic diversification efforts pursued by countries across the region.
In July, real estate consultancy Knight Frank said the Kingdom’s construction output value is expected to reach $191 billion by 2029, representing a 29.05 percent increase from 2024, driven by residential development, ongoing giga-projects and rising demand for office space.
James Allan, CEO, UAE, Egypt and Africa at JLL, said: “Strong market fundamentals boosted the Middle East and Africa real estate market in 2025, setting the momentum for sustained performance across asset classes in 2026.”
He added: “We saw record residential transactions, double-digit growth in industrial and logistics rents, and an exceptionally tight 1 percent office vacancy rate in 2025, driven by professional talent migration, substantial private investment, and strategic infrastructure development.”
According to the report, the delivery of key infrastructure projects in the region will further catalyze new real estate developments and attract increased private sector participation.
In the evolving capital landscape, cross-border capital and alternative financing mechanisms are projected to play an increasingly central role, particularly in greenfield developments where investment stock remains limited.
The report added that improved market transparency across the region, driven by regulatory changes, is also expected to bolster investor confidence in the Middle East and Africa markets.
JLL said the UAE remains central to this growth trajectory, with projected project cash flows of $795 billion from 2026 to 2030, including $470 billion allocated to real estate development.
In November, CBRE echoed similar views on the region’s real estate sector, saying Saudi Arabia’s ongoing economic diversification push is energizing its property market, with office rents in Riyadh climbing 15 percent year on year and occupancy reaching 98 percent by the end of the third quarter of 2025.
CBRE added that the strong performance in Saudi Arabia’s office sector is buoyed by the Kingdom’s non-oil economic expansion and an influx of multinational companies relocating regional headquarters to Riyadh.
