Posted by Will (in IL) [108.162.216.223] on Monday, August 21, 2017 at 13:28:08 :
In Reply to: OT Chrysler may end up chinese posted by Kaegi [108.162.246.230] on Monday, August 14, 2017 at 12:00:40 :
http://timesofindia.indiatimes.com/auto/miscellaneous/chinas-great-wall-motor-plans-fiat-chrysler-purchase/articleshow/60158846.cms
Aug 21, 2017, 05:03 PM IST
BEIJING: China's Great Wall Motor signalled on Monday its intention to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler Automobiles following a report that it wants to buy the Jeep brand.
An agreement would be a major coup for the Chinese auto industry, though it may cause political waves in the United States, where President Donald Trump has railed against his country's trade imbalance with the Asian giant.
Great Wall Motor ranks only as the seventh biggest Chinese auto company in terms of sales -- 1.07 million in China last year -- but any purchase of FCA would take the firm to another level.