All posts tagged korean car market

Fiat Group to return to Korea

By Alison in: Fiat

Fiat could return to the difficult Korean car market after a ten year absence, partnering with Cosmos Automobile as the local import company of choice. Another possibility would be a partnership with Chrysler Korea, which could take priority given the new Fiat-Chrysler deal.

The Korean car market is opening up a little, with the abolition of eight percent of the import tax for foreign vehicles, which is part of the plan of a free trade agreement between Korea and the European Union. While the Fiat Group already makes Ferrari and Maserati models available to the Korean market, it’s difficult to speculate on the possible future success of Fiat models. Could the Fiat 500 once again prove to be the foot-in-the-door to an overseas market?