Anyone that has followed this blog already knows that Fiat will build the 500 at the Chrysler plant in Toluca, Mexico. What is news is the amount Fiat will invest in the plant. President Felipe Calderon, President of Mexico, confirmed Monday that Fiat will invest $550 million, creating more than 400 jobs and 1200 indirect jobs.
Production of the Fiat 500 will begin in December of this year with an ideal capacity of 130,000 vehicles being possible. The initial production figure is predicted in the 100,000 range, being split evenly between the US and Latin American markets.
Ten months to get the tooling together, set up the factory, find suppliers, train employees, etc. All i can say is...WOW!
Photo courtesy of Fiat Group Press
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