Stellantis To Increase Stake In Chinese GAC Venture To 70%

Stellantis will increase its stake in the GAC-Stellantis joint venture it operates in China.

In a statement, the car manufacturer announced its stake will swell from 50 per cent to 75 per cent. Stellantis and Guangzhou Automobile Group Co. will complete all the relevant formalities of the deal but it will still need to be approved by the China government.

Interestingly, GAC doesn’t seem particularly fond of the change to the partnership.

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