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Podcast: IEN Radio
Episode: Jeep Closes Only Chinese Plant
Description: As the business world roils in response to geopolitical tensions and supply chain challenges, Stellantis is making some changes related to its global footprint.According to Bloomberg, the automaker has concerns about its operations in China, with Stellantis CEO Carlos Tavares revealing recently that the company plans to transition to a strategy he referred to as “asset light.”With this, the company has closed its only Jeep plant on Chinese soil.Tavares suggested that the plant, which was producing Jeep Cherokee, Renegade, Compass and Grand Commander models for the Chinese market, was collateral dama...