Trending: Stellantis, Guangzhou Automobile File for JV Bankruptcy
31 Oktober 2022 - 05:36AM
Dow Jones News
0406 GMT - Stellantis NV is one of the most mentioned companies
in the news over the past 12 hours, according to Factiva data,
after the company said its joint venture with Guangzhou Automobile
Group Co. was declaring bankruptcy. The JV makes Jeep vehicles in
China. Stellantis said Monday that it would continue to provide
services to Jeep customers in China. It had previously said it was
pulling out of the JV and would instead export Jeep-branded
vehicles to China. On Friday, the European car maker said it was
offering voluntary buyouts to U.S. employees as part of a
restructuring plan. Dow Jones & Co. owns Factiva.
(jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
October 31, 2022 00:21 ET (04:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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