The GAC-Stellantis (FCA) Chinese Joint Venture Has Filed For Bankruptcy!
Shocking News From The Dissolving Joint Venture...
Back in July, Stellantis announced that it would end its partnership with Chinese state-owned Guangzhou Automobile Group (GAC) to produce Jeep® vehicles for the Chinese market. Instead, Stellantis said it would instead focus on distributing imported electrified Jeep vehicles to China.
The GAC-Stellantis (FCA) Chinese Joint Venture Has Filed For Bankruptcy!
On Monday, Stellantis announced that shareholders of the GAC-Stellantis joint venture had approved a resolution authorizing the joint venture to file for bankruptcy, in a loss-making context. Back in July, Stellantis announced that it would end its partnership with Chinese state-owned Guangzhou...
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