GAC Fiat Chrysler Automobiles, the joint venture between Stellantis and China’s Guangzhou Automobile Group (GAC), has formally declared bankruptcy. The joint venture shared images of the court ruling issued by a tribunal in China’s Hunan province, which confirmed the bankruptcy, in a post on social media. This act brings a definitive end to the joint…
GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt. The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, with its announcement, in a social media post. Read the original article here
BEIJING (Reuters) -GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt. The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, alongside its announcement, in a social media post. (Reporting by Beijing Newsroom;…
GAC Fiat Chrysler Automobiles joint venture declared bankrupt Reuters Read the original article here
Stellantis N.V. is one of the world’s leading car manufacturers. The activity is essentially organized around 4 sectors: – sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands; – sale of luxury vehicles: Maserati and DS Automobiles brands;…
Clothing retailer Esprit Holdings Ltd. released its final results for the 2024 financial year on Monday evening, after a considerable delay. The figures were affected by the ongoing insolvency proceedings of almost all international subsidiaries and the resulting one-off effects. As part of the restructuring efforts and a shift in the business model to licensing…
Begbies Traynor boosted by rise in larger scale company failures MSN Read the original article here
Insolvency specialist Begbies Traynor has notched up 10 years of growth in a row as profits nearly doubled amid a surge in larger scale company failures. The group said it was seeing trading in its business recovery and advisory division – which accounts for 55% of group revenues – boosted by larger and higher value…
Adani Power announced that it has successfully acquired and implemented a resolution plan of Vidarbha Industries Power Ltd. (VIPL). The transaction is for an aggregate consideration of ₹4,000 Crore. Effective July 07, 2025, VIPL has become a wholly owned subsidiary of the company after Adani Power acquired 100% shareholding of the company. VIPL is a…
Holly Phillips and Pritti MistryBBC News BBC Axis Logistics Limited, a delivery firm for the Lindsey Oil Refinery, is being wound down More than 100 tanker drivers have been made redundant after the Prax Lindsey Oil Refinery filed for insolvency. Axis Logistics, the main delivery firm for the refinery in North Lincolnshire, went into administration…