The first four auctions of GAC Fiat Chrysler Changsha Factory all failed, and no one took over

The first four auctions of GAC Fiat Chrysler Changsha Factory all ended in failure, with no one willing to take over. The first auction started on July 21 last year, with a starting price of 1.915 billion yuan; the second auction was on the 5th of the following month, with the starting price reduced to 1.532 billion yuan, but it still failed to sell. The third and fourth auctions that followed had starting prices of 1.225 billion yuan and 1.103 billion yuan, respectively, but no one took the bid.