Jeep joint venture in China to file for bankruptcy, say partners

Jeep joint venture in China to file for bankruptcy, say partners

FILE PHOTO: The logo of Stellantis is seen on a flag at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca

The joint venture that makes Jeeps in China will file for bankruptcy, partners Stellantis and Guangzhou Automobile Group (GAC) said on Monday, after a long decline for the oldest foreign auto brand in the world’s largest car market.