GAC Fiat Chrysler Automobiles joint venture declared bankrupt

BEIJING (Reuters) -GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt.

The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, alongside its announcement, in a social media post.

(Reporting by Beijing Newsroom; Editing by Andrew Heavens)

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