HomeEconomyAuto giant Stellantis has...

Auto giant Stellantis has left China

Photo: FCA

In recent years, the company has faced a lot of political interference in the Chinese market.

The automotive corporation Stellantis, which owns the brands Peugeot, Opel, Chrysler, Citroën, FIAT and others, fearing possible sanctions, refused to jointly produce Jeep vehicles in China. The company’s chief executive officer, Carlos Tavares, spoke about this in an interview with Bloomberg.

Tavares noted that in recent years, the company has faced many cases of political interference in business activities in the Chinese market.

“We don’t want to be a victim of mutual sanctions, as happened recently with other companies in other parts of the world,” he explained.

The plant of the concern worked in China for 12 years, its closure was announced on July 18.

Stellantis previously said that a joint venture with the Chinese Guangzhou Automobile Group, created in 2021, was not profitable.

Stellantis called “lack of progress” in recent years as the formal reason for ending the cooperation.

Recall that in April, due to sanctions, the Stellantis automaker stopped its plant in Russia.

As reported, in January last year, Fiat Chrysler and PSA merged into one of the largest automakers in the world – Stellantis.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...