Chinese company Great Wall Motor wants to take over Fiat

China's Great Wall Motor is interested in FCA, an official of the company has said today, confirming earlier reports that they want in whole or at least part of the Italian-American automotive brand maker, including Jeep and Ram trucks, Tanjug reported.

Speculations about China's interest in FCA have been ongoing since Automotive News portal announced last week that a no-name "famous Chinese car producer" submitted an offer for the Italian-American automotive company at the beginning of the month which fueled up a share jump at Fiat at the Milan Stock Exchange.

- When it comes to this topic, we are currently planning to takeover. We are interested in FCA - a public relations officer at the Great Wall Motor Relations Department said in a telephone statement for Reuters. However, he did not provide details on this.

CEO at FCA, Sergio Marchione is looking for a partner or buyer for the world's seventh largest car producer to help solve growing costs, comply with gas emissions regulations and develop technologies for electric and self-steering cars, according to the British agency.

The acquisition which Great Wall Motor Company would carry out would be bold and one of the largest Chinese industrial contracts to date.

Earlier today, two people familiar with this issue said that the Great Wall Motor requested a meeting with FCA management, with an objective of offering a bid for the entire or part of the Italian-American automotive group.

Automotive News has also reported today, citing the e-mail of President of Great Wall Motor, Vang Fenging, that Chinese company contacted FCA to express interest, especially for the Jeep brand.

Portal of automotive industry quoted the Great Wall Motorcard spokesman who confirmed interest, but said the Chinese car prodcuer did not make an official offer or meet with FCA's board of directors.

- Our strategic goal is to become the world's largest SUV maker - Great Wall Motor spokesman said for Automotive News, adding that "taking Jeep, global brand in SUV category, would enable them to achieve the goal faster and better.

Fiat employees around the world, even in Kragujevac-based plant, returned today to work after collective annual vacation ( so-called Feragosta).

FCA's shares rose by 3.9% to EUR 11.12 in morning trading in Milan, while Great Wall Motor stocks surged by almost 3.0% at the Shanghai Stock Market. FCA was not available to comment on interest in the group, Tanjug reported.

FCA Srbija Kragujevac

Fiat

Fijat

Great Wall Motor

Greit Vol Motor

FCA

džip

kamion Ram

SUV

preuzimanje Fiata

preuzimanje FCA

Jeep

Fijat krajsler

Fiat Srbija