Stellantis CEO Carlos Tavares at the time blamed the growing 'political influence' in doing business with partners in China, while GAC said it was 'deeply shocked' by the decision.
crossover, have been in sharp decline for the past four years. They plunged 50% in 2021 from the previous year to 20,396 vehicles.U-TURN
"It had every right to be successful in a market that embraced sport-utility vehicles," he said."But you can't be running a 1980s business model when the 21st century has arrived." Foreign automakers have been under growing pressure in China, where the market has shifted quickly to battery-electric vehicles and domestic brands have been taking market share.
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