TLDR: Stellantis’ GAC-FCA joint venture in China declared bankruptcy on July 11, 2025, with $1.1 billion in liabilities against just $259 million in assets. The collapse, already written off in 2022, won’t impact Stellantis’ current finances as the automaker pivots to a new €1.5 billion investment in Leapmotor, which sold a record 45,067 vehicles in May 2025.
When headlines screamed “Stellantis Declares Bankruptcy in China” last week, investors panicked. But here’s what actually happened: it wasn’t the global automaker filing for bankruptcy, but rather its failed joint venture with GAC that finally met its formal end.
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