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october 31, 2022 - Stellantis

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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