NZ Autocar
No Result
View All Result
  • Home
  • News
  • Reviews
  • Electric
  • Industry
  • Bikes
  • Classics
  • Motorsport
  • Prices
    • New Bike Prices
    • New Car Prices
    • Make
      • Alfa Romeo News and Reviews
      • Aston Martin News and Reviews
      • Audi News and Reviews
      • Bentley News and Reviews
      • BMW News and Reviews
      • BYD News and Reviews
      • Chevrolet News and Reviews
      • Citroen News and Reviews
      • Cupra News and Reviews
      • Ferrari News and Reviews
      • Fiat News and Reviews
      • Ford News and Reviews
      • GWM News and Reviews
      • Haval News and Reviews
      • Honda News and Reviews
      • Hyundai News and Reviews
      • INEOS News and Reviews
      • Isuzu News and Reviews
      • Jaguar News and Reviews
      • Jeep News and Reviews
      • KIA News and Reviews
      • Lamborghini News and Reviews
      • Land Rover News and Reviews
      • LDV News and Reviews
      • Lexus News and Reviews
      • Lotus News and Reviews
      • Mahindra News and Reviews
      • Maserati News and Reviews
      • Mazda News and Reviews
      • McLaren News and Reviews
      • Mercedes-Benz News and Reviews
      • MG News and Reviews
      • MINI News and Reviews
      • Mistubishi News and Reviews
      • Nissan News and Reviews
      • Omoda News and Reviews
      • Opel News and Reviews
      • Peugeot News and Reviews
      • Polestar News and Reviews
      • Porsche News and Reviews
      • RAM News and Reviews
      • Renault News and Reviews
      • Skoda News and Reviews
      • SsangYong News and Reviews
      • Subaru News and Reviews
      • Suzuki News and Reviews
      • Tesla News and Reviews
      • Toyota News and Reviews
      • Volkswagen News and Reviews
      • Volvo News and Reviews
  • Subscribe
    • Print
    • Digital
  • Contact us
    • Contact us
    • Advertise
NZ Autocar
No Result
View All Result
Home News

Jeep closing only Chinese factory amid government meddling

Words: Harrison Wade

by Harrison Wade
August 1, 2022
Jeep Compass on production line front

Stellantis is reportedly shutting down its only Jeep factory in China due to increased meddling by the Chinese Communist Party (CCP).

According to Bloomberg, the carmaker is implementing an “asset-light” strategy in China due to rising tensions between the nation and the rest of the world which may cause economic sanctions.

“We have been seeing over the last few years more and more political interference in the world of business in China,” said Stellantis CEO Carlos Tavares.

“We don’t want to be a victim of cross-sanctions as has been the case for other companies in other regions of the world recently.”

Stellantis also announced it will be terminating a 12-year partnership with state-owned Guangzhou Automobile Group last week, further influencing the decision to pull out of China.

American vehicle sales in China have also dropped by about a fifth in the first half of 2022, while local companies like BYD Co. and Geely sales have risen.

“We see that for Western players, selling cars in China is becoming increasingly difficult,” said Tavares.

Stellantis fear that sanctions like those imposed on Russia amid the war in Ukraine could impact their business if China were to conduct something similar in Taiwan.

Tavares also mentioned that the reason for Jeep’s departure ran deeper as it had lost trust in its local partner and the CCP favouring domestic carmakers.

Stellantis now plans to ship an electrified lineup to its Jeep dealers in China.

Previous Post

Ferrari 296 GT3 race car revealed

Next Post

Bugatti to favour luxury over performance

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Free NZ Autocar Enewsletter
ADVERTISEMENT
ADVERTISEMENT
NZ Autocar is New Zealand’s leading automotive magazine. Delivering news reviews from the automotive world, including commentary from leading automotive writers and covers the scope of motoring including new cars, classic cars, EVs and motorbikes.

Our team

Publisher: Mark Petch
General Manager: Gavin Shaw
Editor: Kyle Cassidy
Senior Editor: Peter Louisson
News Editor: Harrison Wade
Art Director: Alex Schultz
Photographer: Isaac Western

To Subscribe

nzautocar.subscription.co.nz

Contact Us

Advertising:
Gavin Shaw
[email protected]
.
Editorial:
Kyle Cassidy
[email protected]
.
NZ Autocar
PO Box 44 304
Point Chevalier
Auckland 1246
New Zealand

Categories

Useful Links

Home
News
Motorsport
New Car Prices
New Bike Prices
Subscriptions
Competitions
Contact Us
Advertising
Terms and Conditions

© 2021 AUTOCAR 2016 LIMITED. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • News
  • Reviews
  • Electric
  • Industry
  • Bikes
  • Classics
  • Motorsport
  • Prices
    • New Bike Prices
    • New Car Prices
    • Make
      • Alfa Romeo News and Reviews
      • Aston Martin News and Reviews
      • Audi News and Reviews
      • Bentley News and Reviews
      • BMW News and Reviews
      • BYD News and Reviews
      • Chevrolet News and Reviews
      • Citroen News and Reviews
      • Cupra News and Reviews
      • Ferrari News and Reviews
      • Fiat News and Reviews
      • Ford News and Reviews
      • GWM News and Reviews
      • Haval News and Reviews
      • Honda News and Reviews
      • Hyundai News and Reviews
      • INEOS News and Reviews
      • Isuzu News and Reviews
      • Jaguar News and Reviews
      • Jeep News and Reviews
      • KIA News and Reviews
      • Lamborghini News and Reviews
      • Land Rover News and Reviews
      • LDV News and Reviews
      • Lexus News and Reviews
      • Lotus News and Reviews
      • Mahindra News and Reviews
      • Maserati News and Reviews
      • Mazda News and Reviews
      • McLaren News and Reviews
      • Mercedes-Benz News and Reviews
      • MG News and Reviews
      • MINI News and Reviews
      • Mistubishi News and Reviews
      • Nissan News and Reviews
      • Omoda News and Reviews
      • Opel News and Reviews
      • Peugeot News and Reviews
      • Polestar News and Reviews
      • Porsche News and Reviews
      • RAM News and Reviews
      • Renault News and Reviews
      • Skoda News and Reviews
      • SsangYong News and Reviews
      • Subaru News and Reviews
      • Suzuki News and Reviews
      • Tesla News and Reviews
      • Toyota News and Reviews
      • Volkswagen News and Reviews
      • Volvo News and Reviews
  • Subscribe
    • Print
    • Digital
  • Contact us
    • Contact us
    • Advertise

© 2021 AUTOCAR 2016 LIMITED. ALL RIGHTS RESERVED.