Political meddling is just one of the headaches for Western carmakers in China. Stellantis , Chief Executive Carlos Tavares last month blamed government interference when cancelling the Jeep maker’s joint venture in the world’s biggest car market. A more serious worry, however, is that local manufacturers are gaining market share – and may soon pose a greater threat elsewhere.
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. REUTERS/Massimo PincaHONG KONG, Aug 5 - Political meddling is just one of the headaches for Western carmakers in China. Stellantis
, Chief Executive Carlos Tavares last month blamed government interference when cancelling the Jeep maker’s joint venture in the world’s biggest car market. A more serious worry, however, is that local manufacturers are gaining market share – and may soon pose a greater threat elsewhere. For decades, big carmakers seeking a foothold in China were forced to set up onerous joint ventures with local enterprises. Beijing hoped that approach would turn inefficient local partners into industrial champions. The policy failed, though. Not only did these companies fail to develop export markets, even patriotic Chinese consumers preferred cars made by Nissan Motor
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