Paolo Massi is the new CEO of Nanjing Fiat

The Board of Directors of Nanjing Fiat, the 50-50 joint-venture company between Fiat Auto and Yuejin Motor Group, has appointed Paolo Massi as Chief Executive Officer of the Company.

Mr. Massi, born in Rome, Italy in 1952, joined Fiat Autofs Marketing and Sales Department as Italian Market Deputy Director in 1997. From 1998 to present, he increased his responsibility in the fields of Marketing and Sales including the positions of Italian Market Sales Director, Eastern Europe, Africa, Asia and Pacific Markets Director, Vice President Product & Commercial. In November 2004, he was named International Countries Coordination Director for the Fiat Brand.

Mr. Massi is member of the Board of Directors of Nanjing Fiat since 2002.

From 1980 to 1987, Mr. Massi worked for the Italian subsidiary of Ford Motor Co., and from 1987 to 1989 he was Rome Area Fiat Zone Manger for Fiat Auto. From 1989 to 1997, he held a number of responsibilities at the Italian arm of Mercedes including the positions of Head of Car Dealer Network Support and Director of Car Sales.

Mr. Massi is graduated in Engineering from the University of Rome.

Mr. Wang Haoliang, the Chairman of Nanjing Automobile (Group) CorporationC is also the Chairman of Nanjing Fiat.

Nanjing, August 24, 2005

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