Chinese Firm Great Wall Wants To Buy Fiat Chrysler Automobiles
The future of Fiat Chrysler Automobiles has been up in the air for some time now. Sergio Marchionne - the group’s CEO - has been wanting to merge the company with another, with VW Group touted as an option at one point. Speculation over FCA’s future stepped up a notch further last week when the company reportedly turned down a buyout offer from an unnamed Chinese manufacturer, with talk of an imminent break-up of the firm.
One week on, and Reuters is reporting that China’s Great Wall Motors is officially interested in buying all or part of FCA. “With respect to this case, we currently have an intention to acquire. We are interested in [FCA],” a Great Wall official told the news agency today.
However, it seems Great Wall is mostly interested in just the tastiest part of the pie: Jeep. Speaking to Automotive News, Great Wall spokesman Xu Hue said: “We are deeply interested in the Jeep brand and have paid close attention to it for a long time…Our strategic goal is to become the world’s largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better.”
By going down that route, Great Wall would bag the most profitable bit of FCA, and avoid all the debt. Whether it goes for just Jeep or all of FCA though, the result either way would be China’s largest overseas automotive acquisition. FCA meanwhile has released a statement, saying that it has not been approached by Great Wall.
Growing up on a diet of World Rally Championship highlights and lengthy Gran Turismo 2 sessions, a life in cars was as good as inevitable for Matt.
Comments
Googly Eye Huracán
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Donald Trump did somebody say wall?
WALL?!?!
Imagine the company’s tag line:
“Make The Wall Great Again”
And in very low quality
WE NEED TO KEEP OUT FORD. VERY BAD
They only want Jeep.
Or so I know from bulgarian news site fakti.bg
Great Wall is made in Bulgaria too haha
Doesn’t The Great Wall build european car rip offs?
Watch them make a Jeep knockoff called Meep.
At first I thought they were gonna try to buy FCA for the Hellcats. I was wrong.
great wall motors
i told you that trump obsession with china was real
I think hes just low key jealous of them haha
Hopefully this won’t happen, I don’t want to see a chinese Cherokee…
shivers in fear
I mean, all current Volvos are funded by the Chinese. They’re really good cars.
Oh come on, it’s Fiat-Chrysler. As if their quality could get any worse. They could produce them in North Korean labour camps and we wouldn’t see a difference.
I’d love to see a Chinese knock-off of a Dodge Demon (JK)
It’d be called the Doge Doraemon