Chinese carmaker Great Wall looks at bidding for Fiat Chrysler

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Potential bid for all or part of Italian-American group, with specific interest in its Jeep brand, sends target’s shares up in Milan

China’s Great Wall Motor Company has said it is interested in bidding for Fiat Chrysler Automobiles, which owns brands including Jeep and the truck maker Ram.

A company official confirmed it was pursuing all or part of FCA after the US publication Automotive News reported that a “well-known Chinese automaker” had made an offer this month, triggering a jump in FCA’s Milan-listed shares.

I think Great Wall Motor is eyeing a global strategy, not just the United States

Related: Fiat Chrysler plants in Mexico may close if Trump enacts import tax, CEO says

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Source: china
Link : Chinese carmaker Great Wall looks at bidding for Fiat Chrysler

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