Jeep's Plant Closure Could Signal The End Of The Joint Venture Era In China | Carscoops carscoops
surprised the automotive world just days ago. While the automaker will continue to sell Jeep products in the country, the shift to an import-only model is telling. It could very well mark the end of the joint-venture era as automakers know it in China, the world’s largest market.
Joint ventures were initially intended to help Chinese companies get into the automotive market faster than they could on their own. For Stellantis, its involvement started more than a decade ago in 2010 when it paired up with Chinese company Guangzhou Automobile Group Co. .
Last year the company made $3.97 billion combined between its Asian-Pacific, Chinese, and Indian regions. It wants to make $20.3 billion by the end of the decade. It’ll certainly have to crack more than
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