(ANSA) - MILAN, JANUARY 27 - Stellantis plans to acquire a majority stake in the joint venture with GAC Group in China, going from 50% to 75%.
This was announced in a press release, specifying that it is "a possible change thanks to the new regulatory framework that allows further foreign investments in existing joint ventures".
Stellantis and GAC Group "will continue to cooperate to develop the successful commercial potential of the Jeep brand in China", adds the note specifying that it is the "fundamental first step to streamline operations in China, as part of the company's strategic plan to be announced on March 1. ".
(HANDLE).
