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Automobiles

Stellantis joint venture with China's GAC grinds to near halt

Fiat Chrysler Autos produced and sold just one car in the country in March

A Jeep Gladiator pick-up from GAC Fiat Chrysler Automobiles, a joint venture between automaker Stellantis and China's GAC.   © Reuters

HONG KONG -- The joint venture between global automaker Stellantis and its state-owned Chinese partner GAC Group has ground to a virtual halt, producing and selling just one vehicle in China last month.

GAC announced the dismal figures for GAC Fiat Chrysler Automobiles, a 50:50 joint venture, in a filing on Thursday night to the Hong Kong and Shanghai exchanges, where it is dual listed.

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