Fiat Chrysler denies rumours of Chinese Great Wall takeover

Great Wall Motors reportedly show interest in Fiat Chrysler as FCA reasserts Jeep commitment

2017 Jeep Compass - front lights

Fiat Chrysler Automobiles (FCA) could be about to embark on a Chinese-owned future according to a report by Reuters, claiming that Chinese car maker Great Wall Motors is poised to launch a takeover bid.

When contacted by Reuters, an official for Great Wall said: "With respect to this case, we currently have an intention to acquire. We are interested in (FCA)."

FCA to pursue GM merger

According to ‘people familiar with the matter’, Great Wall Motors has asked for a meeting with FCA, with an aim to make an offer for all or part of the group.

Great Wall was founded in 1984 and has since established itself as China’s largest maker of SUVs. As such, reports suggest that it is particularly keen to acquire the Jeep brand from FCA. That could be either as a deal for the brand on its own or as a grand purchase of the group.

FCA has since issued a statement in response to the rumours “regarding a potential interest of Great Wall Motors in the Jeep brand”. The group denies it has been approached by Great Wall, and insists it is currently fully committed to its 2014-18 plan.

Under the START 2014-18 manifesto, FCA aims to grow global sales to 7 million per annum by the end of 2018. Product offensives from brand such as Alfa Romeo – with new vehicles such as the Guilia and Stelvio SUV – are intended to deliver much of this growth.

Would offloading the Jeep brand make sense for FCA? Tell us your thoughts in the comments.

Recommended

Fiat to become electric only by 2030
Fiat 500 - front static
Fiat

Fiat to become electric only by 2030

Fiat will transition to a fully-electric brand between 2025 and 2030, while promising its EVs will cost no more than cars with internal combustion eng…
4 Jun 2021
Stellantis: FCA and Groupe PSA merger confirmed
Stellantis logo
Fiat

Stellantis: FCA and Groupe PSA merger confirmed

Official: merger between two car giants becomes effective as of 16 January 2021 
16 Jan 2021
Fiat-Chrysler faces £5bn UK lawsuit over defeat devices
Fiat Doblo 2015 - steering wheel
Fiat

Fiat-Chrysler faces £5bn UK lawsuit over defeat devices

Around half a million FCA-engined vehicles in England and Wales could be affected by diesel emissions scandal, says law firm
27 Oct 2020

Most Popular

Exclusive: banned 71-reg number plates released
Number plates
News

Exclusive: banned 71-reg number plates released

Latest DVLA list of banned UK registrations reveals which 71-plates are too rude for the road
21 Sep 2021
£6k Citroen Ami electric city car gets green light for the UK
Citroen Ami UK - front static
Citroen

£6k Citroen Ami electric city car gets green light for the UK

The Ami is coming to the UK with a price tag of around £6,000, making it one of the cheapest ways to get a new car today
22 Sep 2021
New MG HS plug-in hybrid 2021 review
MG HS PHEV - front
MG HS SUV

New MG HS plug-in hybrid 2021 review

We find out where the new MG HS PHEV fits in the highly competitive plug-in hybrid SUV sector
21 Sep 2021