DETROIT (Michigan News Source) – A deal between Stellantis and Chinese automaker GAC is ending.
Stellantis announced it will pull out of the agreement and will import the highly profitable Jeep lineup into the world’s largest vehicle market itself.
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In January, Stellantis announced plans to increase their 50-percent stake in the joint venture to 75-percent but that caused an issue with GAC who claimed they knew nothing of the plan.
