Stellantis' Chinese Joint Venture That Builds Jeeps Files For Bankruptcy | Carscoops carscoops
claims that the bankruptcy of the joint venture will not significantly affect its operations. However, they mentioned that the joint venture has liabilities accounting for 111% of its assets which are 7.3 billion yuan .Jeep’s story in China started in 1984 when AMC created what would be the first joint venture for vehicle production in China by an American brand.
Initially, Stellantis wanted to raise its stake to FCA-GAC from 50 percent to 75 percent, but a few months later it decided to drop out of the deal, due to GAC’s failure to collaborate and due to “political meddling” in China. On the other hand, GAC accused Stellantis of disrespecting Chinese customers and of
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