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China GAC (Guangzhou Automobile Group) & $27 Billion Stellantis (PSA Group, Fiat & Chrysler) China Joint Venture GAC Fiat Chrysler Declared Bankrupt with $1.1 Billion Debt & $266 Million Asset after Entering into Bankruptcy Proceeding in 2022, GAC Fiat Chrysler Founded in 2011 as Equal Joint Venture Between China GAC & Stellantis, PSA Group Brands Include Peugeot, Citroen, DS, Opel & Vauxhall
16th July | Hong Kong
China GAC (Guangzhou Automobile Group, $8.7 billion market value) & Stellantis (PSA Group, Fiat & Chrysler) with $27 billion market value China joint venture GAC Fiat Chrysler has been declared bankrupt by a China court with $1.1 billion debt & $266 million asset after entering into bankruptcy proceeding in 2022. GAC Fiat Chrysler was founded in 2011 as equal (50:50) joint venture between China GAC & Stellantis (Stellantis formed in 2021 in merger of France PSG Group & Fiat Chrysler). PSA Group brands include Peugeot, Citroen, DS, Opel & Vauxhall.
“ China GAC (Guangzhou Automobile Group) & $27 Billion Stellantis (PSA Group, Fiat & Chrysler) China Joint Venture GAC Fiat Chrysler Declared Bankrupt with $1.1 Billion Debt & $266 Million Asset after Entering into Bankruptcy Proceeding in 2022, GAC Fiat Chrysler Founded in 2011 as Equal Joint Venture Between China GAC & Stellantis, PSA Group Brands Include Peugeot, Citroen, DS, Opel & Vauxhall “
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China GAC (Guangzhou Automobile Group) & $27 Billion Stellantis (PSA Group, Fiat & Chrysler) China Joint Venture GAC Fiat Chrysler Declared Bankrupt with $1.1 Billion Debt & $266 Million Asset after Entering into Bankruptcy Proceeding in 2022, GAC Fiat Chrysler Founded in 2011 as Equal Joint Venture Between China GAC & Stellantis, PSA Group Brands Include Peugeot, Citroen, DS, Opel & Vauxhall
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