GAC-FCA Officially Declared Bankrupt In China
Three Years After Breakup, Chinese Courts Accept JV Bankruptcy
Well, it’s official—another chapter in the long and rocky history of Fiat Chrysler’s attempts in China has come to a close. The Guangzhou Automobile Group Co., Ltd (GAC) – Fiat Chrysler Automobiles (FCA) joint venture, once seen as a promising gateway into the world’s largest auto market, has now been declared bankrupt.
GAC-FCA Officially Declared Bankrupt In China
GAC-FCA has officially declared bankruptcy in China. Discover the details behind this financial struggle and its implications.
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