Jeep is taking a majority stake in its China joint-venture and its partner is pissed. Jeep GACMotor CarGuidePH
Jeep Is Taking A Majority Stake At Its China Plant And That Has Pissed Off Its PartnerStellantis, the parent company of Jeep, increasing its stake at its China joint-venture proved to be true
GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. and Stellantis in March 2010. However, the move to take control of the Jeep joint-venture in China sparked pushback from GAC, opening a potential rift that could slow the carmaker’s plan to bolster sales in the biggest auto market.
GAC, however, said the two parties had not signed a formal agreement and criticized Stellantis for issuing the statement.
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