Aug 21, 2017

China's Great Wall eyes Fiat Chrysler bid

Chinese carmaker Great Wall Motor has expressed interest in buying some or all of Fiat Chrysler. It follows earlier reports that Great Wall had asked to meet Fiat executives to discuss buying its Jeep brand. Shares in Fiat Chrysler Automobiles jumped 3.5% in Milan on Monday following the news. Great Wall has made no secret that its strategic goal is to become the world's largest maker of SUVs. Fiat Chrysler also owns Alfa Romeo, Maserati and RAM trucks as well as the Fiat and Chrysler brands.

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