Hyperdrive
Jeep Venture Takeover Push Kicks Off Stellantis’s China Reboot
- Stellantis is in advanced talks with GAC on control of JV
- Carmaker forged by Fiat-PSA merger has struggled in China
Photographer: Noel Cellis/AFP/Getty Images
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Stellantis NV is poised to roll out a new strategy for China, with the first major step being to take control of its struggling Jeep joint venture from a domestic partner, according to people familiar with the matter.
The automaker formed from the merger between Fiat Chrysler and PSA Group is in advanced discussions with state-owned partner Guangzhou Automobile Group Co. on raising its stake in the 50-50 venture overseeing its Jeep operations in China, said the people, who asked not to be named because the discussions aren’t public.