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 500X and Tipo revised with suite of MY22 updates
Fiat 500X - front
Fiat

Fiat 500X and Tipo revised with suite of MY22 updates

Fiat’s 500X crossover and Tipo hatchback have received a few specification changes, just before the 22-plate change
12 Jan 2022
'Stellantis links will awaken sleeping giant Fiat'
Opinion Fiat
Fiat

'Stellantis links will awaken sleeping giant Fiat'

John McIlroy thinks there's cause for optimism after talking to the Italian firm's CEO
5 Jan 2022
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

Most Popular

What are 4D number plates and are they legal?
number plates
Tips & advice

What are 4D number plates and are they legal?

Everything you need to know about so-called ‘4D’ number plates, including whether you’re allowed to have them on your car
25 Jan 2022
Best electric cars to buy 2022
Best electric cars
Electric cars

Best electric cars to buy 2022

There are more electric cars than ever to choose from, so we've picked some of the best you can buy in the UK now
10 Jan 2022
New 2022 Lamborghini Countach LPI 800-4 hits the road for the first time
Lamborghini Countach - front
Lamborghini Countach

New 2022 Lamborghini Countach LPI 800-4 hits the road for the first time

Lamborghini’s reborn Countach pictured on the move ahead of it arriving with customers
25 Jan 2022