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Stellantis will increase its stake in the Chinese joint venture with Guangzhou Automobile Group, GAC-Stellantis, to 75% in line with its strategy to increase its presence in China. GAC-Stellantis, created in 2010, is a 50-50 company jointly owned by GAC Group and the Franco-Italian automaker. As Stellantis intends to develop the Jeep brand in China, it believes the Chinese JV is now able to support the efficiency of the “One Jeep” strategy …
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