CHINA-ECONOMY: JOINT VENTURE AUTOMOBILE MANUFACTURERS CLOSES ONE PLANT DUE TO SLUGGISH SALES
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A joint venture between multinational car giant Stellantis NV and Guangzhou Automobile Group
Co. Ltd. is shutting down one of its two Jeep factories in China, the world’s largest vehicle market,
after years of sluggish sales. GAC Fiat Chrysler Automobiles Co. Ltd. said on September 8 that it
will close the factory in Guangzhou and transfer all the production to the city of Changsha in
Hunan province. Reuters said the transfer will be completed by next March.
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