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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About Stellantis
Stellantis NV (NYSE / MTA / Euronext Paris: STLA) is one of the global players‘s leading car manufacturers and a mobility provider. His historic and iconic brands embody the passion of their visionary founders and today‘s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®Lancia, Maserati, Opel, Peugeot, Ram, Opel, Free2move and Leasys. Empowered by our diversity, we are leading the way for the world – aspiring to be the biggest sustainable mobility technology company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. operates. For more information visit www.stellantis.com.
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