Sergio Marchionne, CEO of Fiat SpA and Chrysler Group, announced plans to export the Mexican-produced Fiat 500 compact sedan to China.
Marchionne told reporters during the Detroit Auto Show that of the 120,000 vehicles the Toluca, Mexico factory is capable of producing, half were planned to be sold in North America, while the other half will be exported to China and Brazil. Laura J. Soave, head of Fiat in North America, announced that Chrysler will begin producing the 500 this month.
