GAC-FCA Joint Venture to File for Bankruptcy
AMSTERDAM, October 31, 2022 – The shareholders of the GAC-FCA Joint Venture, Guangzhou Automobile Group Co., Ltd. and Stellantis N.V., have authorised a decision authorizing the Joint Venture to file for chapter, in a loss-making context. Stellantis totally impaired the worth of its funding within the GAC-FCA JV and different associated belongings in its first half 2022 monetary outcomes. Stellantis will proceed offering high quality providers to current and future Jeep® model prospects in China.
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About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is without doubt one of the world’s main automakers and a mobility supplier. Its storied and iconic manufacturers embody the eagerness of their visionary founders and immediately’s prospects of their progressive services, together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our range, we cleared the path the world strikes – aspiring to grow to be the best sustainable mobility tech firm, not the largest, whereas creating added worth for all stakeholders in addition to the communities by which it operates. For extra data, go to www.stellantis.com.
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