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 approved a resolution authorizing the joint venture to file for bankruptcy, in a loss-making context. stellantis fully impaired the value of its investment in the gac-fca jv and other related assets in its first half 2022 financial results. stellantis will continue providing quality services to existing and future jeep® brand customers in china.
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