No Result
View All Result
World Press Time
  • Home
  • United States
  • UK
  • World
    • Canada
    • Europe
    • Australia
    • Asia
    • South America
    • Africa
  • Politics
  • Business
    • Economy
    • Finance
    • Investing
    • Markets
    • Companies
    • Crypto
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Contact
Subscribe
  • Login
  • Home
  • United States
  • UK
  • World
    • Canada
    • Europe
    • Australia
    • Asia
    • South America
    • Africa
  • Politics
  • Business
    • Economy
    • Finance
    • Investing
    • Markets
    • Companies
    • Crypto
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Contact
No Result
View All Result
World Press Time
No Result
View All Result
  • United States
  • UK
  • World
  • Politics
  • Business
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Videos
Home Business Investing

Stellantis’ joint venture in China is filing for bankruptcy

Press Room by Press Room
3 years ago
in Investing
Reading Time: 2 mins read
126 1
A A
0
34
SHARES
489
VIEWS
Share on FacebookShare on Twitter

Stellantis said that shareholders of its loss-making joint venture producing Jeep vehicles in China have approved it to file for bankruptcy.

The European carmaker said in a statement it had fully impaired the value of its investment in the venture in its results for the fist half of 2022, adding that it will continue to provide services to existing and future Jeep brand customers in China.

Stellantis had terminated the joint venture with Guangzhou Automobile Group Co (GAC) in July, only months after it said it would raise its stake in the business to 75% from 50%.

In the following days, GAC hit out at Stellantis, saying that it was “deeply shocked” by critical comments from Stellantis about the end of their joint venture in China.

While reporting financial results in July, Stellantis Chief Executive Officer Carlos Tavares said over the last five years “the political influence” in doing business with its partners in China was growing by the day. He also added that he did not see a major long-term impact from the company’s decision to break the joint venture with GAC.

Read the full article here

Share14Tweet9Share2Pin3SendShareShareShareShare
ADVERTISEMENT

Related Articles

Investing

How Bret Baier’s combative interview with Harris compared to his sit-down with Trump

Investing

Meta fires employees for spending food allowances on personal items like acne pads and wine glasses

Investing

AI helped the feds catch $1 billion of fraud in one year. And it’s just getting started

Investing

Swiping right ahead of the election: Popular dating apps have new features to show off political views

Investing

Intel is a security risk for China, says influential industry group

Investing

The federal government just made it much easier to cancel your gym membership

Investing

Fox News did not disclose its all-women town hall with Trump was packed with his supporters

Investing

SpaceX sues California regulator, claiming its launches were blocked because of Elon Musk’s politics

Investing

test headline

Load More

Recommended

Brock Lesnar’s daughter wins NCAA Division I women’s shot put championship

Kevin Durant prefers trade to one of these three NBA teams

The hidden history of female spies and CIA agents

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

Trending Now

  • The Significance of Safe Gambling Enterprise Settlement Methods

    34 shares
    Share 14 Tweet 9
  • Top Online Gambling Establishments that Accept Mastercard: A Comprehensive Overview

    34 shares
    Share 14 Tweet 9
  • Finest PayPal Gambling Enterprises: A Comprehensive Overview

    34 shares
    Share 14 Tweet 9
  • Leading Gambling Establishments That Approve Bitcoin Down Payments

    34 shares
    Share 14 Tweet 9
  • Footage of Philadelphia used in Mexican anti-drug PSAs

    35 shares
    Share 14 Tweet 9

About Us

World Press Time

World Press Time is your one-stop news portal, follow us to get the latest politic, business, sports, entertainment any more. follow us now.

Topics

! Без рубрики 9720_sat 9950_prod 10000_prod 10000_sat 10000_sat2 10200_prod 10200_sat 10300_sat adobe generative ai 3 Africa Asia Australia blog Bookkeeping Canada casino Companies Crypto Economy Entertainment Europe Finance Forex Trading games Health info Investing Lifestyle Markets news Politics Science Sober living Software development South America Sports Technology Travel Uncategorized United Kingdom United States updates Videos World

Get informed

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 World Press Time - All Rights Reserved.

No Result
View All Result
  • Home
  • United States
  • UK
  • World
    • Canada
    • Europe
    • Australia
    • Asia
    • South America
    • Africa
  • Politics
  • Business
    • Economy
    • Finance
    • Investing
    • Markets
    • Companies
    • Crypto
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Contact

© 2022 World Press Time - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website, you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.