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Jeep Is Closing Its Only Factory in China [View all]
Jeep Is Closing Its Only Factory in China
Stellantis blames increased meddling by local politicians in the Chinese Communist Party for the decision.
By Andy Kalmowitz
24 minutes ago
Stellanis is shutting down its only Jeep factory in China — the largest car market in the world. It’s reportedly due to increased meddling by local politicians.
According to Bloomberg, the automaker is implementing an “asset-light” strategy in China because of concerns that rising political tensions between that country and the rest of the world could lead to sanctions.
{snip}
Stellantis blames increased meddling by local politicians in the Chinese Communist Party for the decision.
By Andy Kalmowitz
24 minutes ago
Stellanis is shutting down its only Jeep factory in China — the largest car market in the world. It’s reportedly due to increased meddling by local politicians.
According to Bloomberg, the automaker is implementing an “asset-light” strategy in China because of concerns that rising political tensions between that country and the rest of the world could lead to sanctions.
{snip}
3 replies
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