On January 27, Stellantis Group announced that its shareholding in GAC FCA, a joint venture with GAC Group, will increase its shareholding from 50% to 75%. GAC Group responded: "This release is not approved by us. ”
According to the official website of Stellantis, GAC Group and Stellantis have agreed to the relevant procedures for the transaction, but they still need to be approved by the regulatory authorities. Stellantis Group said that as part of the company's strategic plan to be announced on March 1, it is the first step in rationalizing its business in China.
In this regard, the Southern + reporter asked the relevant personnel of the GAC Group. GAC Group said: "This announcement is not approved by us, and GAC Group deeply regrets this. Regarding foreign joint venture cooperation, GAC Group will strictly abide by national policies and regulations and promote it in accordance with the principles of mutual trust and win-win results. ”
In 2021, GAC FCA sold only 20,400 vehicles in the whole year, down nearly 50% year-on-year. In the past year or so, GAC FCA has carried out a series of adjustment measures, including a capital increase of 4 billion yuan from both shareholders and two executive changes within two months. Stellantis will announce more business plans for the Chinese market on March 1 this year.
[Reporter] Wei Hongquan
【Author】 Wei Hongquan
【Source】 Southern Press Media Group South + client
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