China’s GAC-Fiat Chrysler Joint Venture Declared Bankrupt Amid Mounting Debts

China’s GAC-Fiat Chrysler Joint Venture Declared Bankrupt Amid Mounting Debts

News Analysis GAC Fiat Chrysler Automobiles, once a flagship joint venture between China’s Guangzhou Automobile Group (GAC) and the multinational Stellantis, has officially been declared bankrupt by a court in Changsha, China, after years of financial struggles and unsuccessful attempts at restructuring. GAC Fiat Chrysler publicly disclosed the Changsha Intermediate People’s Court’s bankruptcy ruling on July 8. The court found that the company w…

The Chinese Dream is Over: The GAC Stellantis Joint Venture Takes Its Books to Court - Economic Scenarios

The Chinese market, once a promise of prosperity for European automakers, has turned out to be a cruel illusion. What was supposed to be the goose that

Nio Explains End of Joint Venture with JAC as It Advances Independent Production

Chinese electric vehicle maker Nio has formally ended its joint venture with Anhui Jianghuai Automobile Group (JAC), signaling a strategic shift following its transition to independent vehicle production capabilities. The joint venture, Jianglai Advanced Manufacturing Technology (Anhui) Co., was initially established to support the production of Nio vehicles when the company did not yet hold [...] The post Nio Explains End of Joint Venture with …