Moves by carmaker Stellantis to consolidate its position in fast-growing China seemed to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted before an announcement of plans to take a controlling stake.
Stellantis, formed a year ago from the merger of PSA Peugeot with Fiat Chrysler has less than a 1% share in the 21-million vehicle Chinese market where it inherited two joint ventures. It plans to lay out its strategy March 1, but has offered some hints in announcements this week.
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