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<blockquote data-quote="Weather Man" data-source="post: 16664830" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3737635-stellantis-gac-jv-plant-will-close-dongfeng-motor-to-sell-361m-stla-shares" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3737635-stellantis-gac-jv-plant-will-close-dongfeng-motor-to-sell-361m-stla-shares" target="_blank">Stellantis-GAC JV plant will close, Dongfeng Motor to sell 36.1M STLA shares</a></p><ul> <li data-xf-list-type="ul">Stellantis N.V. (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> -1.3%) is <a href="https://www.reuters.com/business/autos-transportation/stellantis-joint-venture-with-chinas-gac-close-one-two-plants-2021-09-07/" target="_blank">exploring</a> a new China strategy beginning with the closure of one of the two factories that are part of a joint venture between the company and Chinese automaker GAC Group. The plant's production will be transferred from the Guangzhou plant to one in Changsa to lower costs.</li> <li data-xf-list-type="ul">The two factories have sold only 12,288 Jeep-branded vehicles so far this year, much less than their 328,000 annual production capacity. The Changsa plant has an annual production capacity of 164,000.</li> <li data-xf-list-type="ul">Stellantis also operates a joint venture in China with Dongfeng Motor Group (<a href="https://seekingalpha.com/symbol/DNFGF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />NFGF</a> +4.6%). Dongfeng is planning to sell 36.1M Stellantis shares - about 1% of the 3.1B STLA shares outstanding.</li> <li data-xf-list-type="ul">Stellantis hopes to launch Opel, a subsidiary offering fully-electric vehicles, in China soon. The company is experiencing production issues in Europe, having to <a href="https://seekingalpha.com/news/3735247-stellantis-extends-european-production-shutdowns-as-chip-woes-continue" target="_blank">shut down plants due to the chip shortage.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16664830, member: 137766"] [URL='https://seekingalpha.com/news/3737635-stellantis-gac-jv-plant-will-close-dongfeng-motor-to-sell-361m-stla-shares'] Stellantis-GAC JV plant will close, Dongfeng Motor to sell 36.1M STLA shares[/URL] [LIST] [*]Stellantis N.V. ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] -1.3%) is [URL='https://www.reuters.com/business/autos-transportation/stellantis-joint-venture-with-chinas-gac-close-one-two-plants-2021-09-07/']exploring[/URL] a new China strategy beginning with the closure of one of the two factories that are part of a joint venture between the company and Chinese automaker GAC Group. The plant's production will be transferred from the Guangzhou plant to one in Changsa to lower costs. [*]The two factories have sold only 12,288 Jeep-branded vehicles so far this year, much less than their 328,000 annual production capacity. The Changsa plant has an annual production capacity of 164,000. [*]Stellantis also operates a joint venture in China with Dongfeng Motor Group ([URL='https://seekingalpha.com/symbol/DNFGF']OTCPK:DNFGF[/URL] +4.6%). Dongfeng is planning to sell 36.1M Stellantis shares - about 1% of the 3.1B STLA shares outstanding. [*]Stellantis hopes to launch Opel, a subsidiary offering fully-electric vehicles, in China soon. The company is experiencing production issues in Europe, having to [URL='https://seekingalpha.com/news/3735247-stellantis-extends-european-production-shutdowns-as-chip-woes-continue']shut down plants due to the chip shortage.[/URL] [/LIST] [/QUOTE]
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