Automotive

Stellantis Joint Venture In China Ends

Talkin’ bout somebody else’s business claims another victim.
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Stellantis Joint Venture In China Ends

Stellantis and Chinese Guangzhou Automobile Group have announced the end of their joint venture. The loss-making Jeep-producing venture was active for only 4 months. The announcement follows a reprimand by GAG regarding Stellantis announcing plans to raise its stake from 50% to 75% before the two companies had reached a formal agreement.

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