I am always happy to post anything bad .....or negative about china....... and its problems.....why....... because of how they treat animals........ and humans....... as i have already posted ........its a nasty servile country ....... where they poisonn and abuse children in sweat shops..... and such like .....its a country that has no conscience ......or regard .... for anything and their hostility....... and underhanded ignorance toward other countries ....and chinese people are so racist themselves ....... they do not like to mix with others ......and they let their country shit all over them ......
Jeep’s China Failure Sends Foreboding Signal to Global Carmakers
(Bloomberg) --
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It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is shutting down its only plant in the world’s largest market.
The announcement this week that Stellantis plans to terminate its local joint venture with state-owned Guangzhou Automobile Group was the culmination of a seemingly can’t-miss wager gone awry. And it begs some unsettling questions about what the future holds for foreign manufacturers in China.
The government set out 40 years ago or so to develop the nation’s auto industry by pairing local companies with experienced international players, among the earliest of which was former Jeep owner American Motors. These proverbial training wheels are not only no longer needed, but out of step with President Xi Jinping’s desire for China to become more self-reliant. The golden age of brisk growth and abundant profits for these various joint ventures appears to be over.
“We’re at the beginning of the end
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