GAC-FCA joint venture officially declared bankrupt by court

AdobeStock_735466794_Editorial_Use_Only-scaled-e1752141031282.jpeg

A Hunan court confirmed the Stellantis joint venture was unable to repay debts despite a major sell-off of assets. By Stewart Burnett

A court in China’s Hunan province has declared GAC Fiat Chrysler Automobiles (GAC-FCA) bankrupt, ending the troubled joint venture between Stellantis and the state-owned Guangzhou Automobile Group. The bankruptcy administrator confirmed the company was unable to repay debts and lacked assets or conditions for restructuring.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Already a member?

…

Read the original article here

Category: BankruptcyBy Editor July 11, 2025

Call Now Button