Stellantis (Peugeot, Opel, Chrysler, Citroen, FIAT) will close a joint venture and stop production of Jeep cars in China due to fears of possible sanctions in the future. Carlos Tavares, chief executive of Stellantis, said this, according to Bloomberg..
According to him, in recent years, the company has faced a large number of cases of political interference in the work of business in the Chinese market..
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The formal reason for the termination of cooperation between Stellantis and the Chinese Guangzhou Automobile Group was the lack of progress in recent years..
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Recall that Russia “bypasses” Chinese facilities during missile strikes in Ukraine. According to media reports, this is due to non-public agreements between Russia and China.. China vows publicly not to take sides in current war.