Stellantis to pull out of auto joint venture in China with GAC
Dongfeng set to divest all its remaining shares after 30-year partnership
Stellantis has decided to shift away from local production to importing Jeeps and other models. (Photo by Takashi Kawakami)
HONG KONG -- Stellantis, the world's fourth largest automaker by volume, said on Monday that it is pulling out of a 50-50 joint venture in China with Guangzhou Automobile Group.
The joint venture GAC Fiat Chrysler Automobiles, which was established in 2010, has been virtually dormant in the past few months.
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