Caixin
Jan 28, 2022 04:34 AM
BUSINESS

Stellantis Reboot in China Sparks Conflict With Local Partner

(Bloomberg) — Stellantis NV’s move to take control of its struggling Jeep joint venture in China sparked pushback from its local partner, opening a potential rift that could slow the carmaker’s plan to bolster sales in the biggest auto market.

The company formed from the merger of Fiat Chrysler and PSA Group said Thursday it plans to increase its shareholding in the venture with state-owned Guangzhou Automobile Group Co. to 75% from 50%.

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