Chrysler 2009 Annual Report Download - page 237
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236 FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2009
NOTES
Transactions resulting from unusual and/or abnormal operations39.
Pursuant to the Consob Communication of 28 July 2006, the Group has not taken part in 2009 in any unusual and/or abnormal operations as defined in that
Communication (reference should be made to the section Format of the financial statements for a definition of these).
Subsequent events40.
On February Fiat S.p.A. and Sollers announced the establishment of a global alliance in the format of a joint venture for the production of Passengers Cars
and SUVs. The total production capacity of the new JV will be up to 500,000 vehicles per year by 2016. Nine new models (C and D segments, SUVs) will be
sold on the Russian market, six of which will be produced on a new global Fiat-Chrysler platform. At minimum 10% of the produced vehicles will be shipped
to export markets. The Fiat/Sollers project will be implemented in Naberezhnye Chelny, located 1,000 km East of Moscow in the Republic of Tatarstan.
The Sollers- Naberezhnye Chelny plant production site will be expanded by new production facilities and a technology park for component production. It is
expected that the Russian Government will support implementation of the Joint venture project by providing long-term loan at subsidized interest rates for
the full amount of the investment required which is estimated in €2.4 billion.
16 February 2010
On behalf of the Board of Directors
/s/ Luca Cordero di Montezemolo
Luca Cordero di Montezemolo
CHAIRMAN