Jeep's Plant Closure Could Signal The End Of The Joint Venture Era In China | Carscoops

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Carscoop /  🏆 306. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

All 2023 Jeep Wranglers Now Have Air Conditioning. Wait, They Didn’t Before?But don’t worry, you still get your fair share of manual features.
Read more »

Lucky Biker Discovers Helmets Save Lives After His Head Ends Up Under Bus Wheels | CarscoopsLucky Biker Discovers Helmets Save Lives After His Head Ends Up Under Bus Wheels | Carscoops carscoops
Read more »

Rivian Planning More Commercial Vehicles, Wants To Make 1M Per Year By 2030 | CarscoopsRivian Planning More Commercial Vehicles, Wants To Make 1M Per Year By 2030 | Carscoops carscoops
Read more »

Just Two Car Groups Are Attending Korea's 2022 Busan International Motor Show | CarscoopsJust Two Car Groups Are Attending Korea's 2022 Busan International Motor Show | Carscoops carscoops
Read more »

2022 Toyota Tundra Backup Cam May Show Front Feed When Drivers Are In Reverse | Carscoops2022 Toyota Tundra Backup Cam May Show Front Feed When Drivers Are In Reverse | Carscoops carscoops
Read more »

Fiat's Sleek Fastback Coupe Is Finally Getting Ready To Hit The Market | CarscoopsFiat's Sleek Fastback Coupe Is Finally Getting Ready To Hit The Market | Carscoops carscoops
Read more »