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China's Great Wall Motor interested in bidding for Fiat Chrysler

World's seventh-largest automaker is seeking a partner to help it manage rising costs

Reuters  |  Beijing/Shanghai 

China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram. There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified "well-known Chinese automaker" made an offer earlier this month, triggering a jump in FCA's Milan-listed shares. "With respect to this case, we currently have an intention to acquire. We are ...

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First Published: Mon, August 21 2017. 14:53 IST