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Stellantis Joint Venture in China Filing for Bankruptcy Due to Plunging Vehicle Sales, Company Says

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Stellantis Joint Venture in China Filing for Bankruptcy Due to Plunging Vehicle Sales, Company Says
Stellantis CEO Carlos Tavares poses following the presentation of the Jeep Avenger 4Xe Concept on the first day of the 2022 Paris auto show on Oct. 17, 2022. Eric Piermont/AFP via Getty Images
Naveen Athrappully
|Updated:
0:00

European carmaker Stellantis has announced that its joint venture (JV) in China is filing for bankruptcy following poor vehicle sales over the years.

The JV, which sold the Jeep Cherokee SUV and the Jeep Compass crossover SUV in China, saw sales decline significantly during the past year.

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Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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