知名车企，宣告破产！

Core Viewpoint - GAC Fiat Chrysler Automobiles (GAC FCA) has been declared bankrupt by the Changsha Intermediate People's Court due to its inability to repay debts, with total liabilities amounting to approximately 81.23 billion yuan and assets of only about 38.94 billion yuan, leading to a significant shortfall in asset value for debt repayment [1][4]. Group 1: Company Background - GAC FCA was established in 2010 as a joint venture between GAC Group and Stellantis Group, with a total investment of around 17 billion yuan and a designed annual production capacity exceeding 300,000 vehicles [2]. - The company achieved sales of over 200,000 vehicles in 2017, but has faced a continuous decline in sales since 2018, ultimately leading to its bankruptcy filing in October 2022 [2]. Group 2: Bankruptcy Proceedings - The court confirmed that GAC FCA's total debt recognized after verification is approximately 81.23 billion yuan, with 40.44 billion yuan being undisputed claims [4]. - A proposed bankruptcy asset distribution plan has been approved in the creditors' meeting, and the next step is to complete the distribution of bankruptcy assets [4]. Group 3: Asset Liquidation and Market Conditions - GAC FCA has auctioned over 3,000 items, including molds and test vehicles, but has not found any interested investors for restructuring, with core assets having gone through five public auctions without any bids [2][3]. - The main production line of the Changsha factory focuses on fuel vehicles, which is misaligned with the accelerating development of electric vehicles, making potential buyers cautious about the necessary investments for line modifications [3].