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.
Stellantis NV (BIT:STLA)
Historical Stock Chart
Von Feb 2024 bis Mär 2024 Click Here for more Stellantis NV Charts.
Stellantis NV (BIT:STLA)
Historical Stock Chart
Von Mär 2023 bis Mär 2024 Click Here for more Stellantis NV Charts.