Stellantis terminates Jeep joint venture with GAC in China after failed takeover attempt
July 19, 2022
Global automaker Stellantis is making its footprint slightly less global, following the termination of a joint venture established with GAC Group over a decade ago to build Jeeps overseas. Stellantis has cited a “lack of progress” in acquiring a majority stake in the JV, and instead will try to import its electrified Jeep offerings to China.
Stellantis ($STLA) is the current iteration Fiat…