GAC-FCA joint venture to file for bankruptcy



GAC-FCA joint venture at File the balance sheet

AMSTERDAM, October 31, 2022 – The shareholders of the GAC-FCA joint venture, Guangzhou Automobile Group Co., Ltd. and Stellantis NV, have approved a resolution authorizing the joint venture to file for bankruptcy, in a loss-making situation. Stellantis fully wrote down the value of its investment in the GAC-FCA joint venture and other related assets in its first-half 2022 financial results. Stellantis will continue to provide quality services to existing and future Jeeps® brand customers in China.


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