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在线翻译:
szdaily -> Markets
Great Wall interested in FCA’s Jeep brand
    2017-August-22  08:53    Shenzhen Daily

CARMAKER Great Wall Motor Co. has contacted Fiat Chrysler Automobiles (FCA) to express interest in buying its Jeep brand, Automotive News reported yesterday, citing Great Wall president Wang Fengying.

Automotive News last week reported that representatives of an unidentified, “well-known Chinese automaker” made an offer earlier this month, leading to a spike in FCA’s share price.

In yesterday’s report, the industry publication cited a Great Wall spokesman confirming interest, but saying the automaker had not made a formal offer or met with FCA’s board.

People familiar with the matter said last week that Great Wall was among Chinese automakers keen to expand overseas that had considered buying part or all of FCA.

FCA chief executive Sergio Marchionne is seeking a partner or buyer for the world’s seventh-largest automaker to help it manage rising costs, comply with emissions regulations and develop technology for electric and self-driving cars.

Chinese automakers want to expand their overseas reach and FCA would offer a strong brand in Jeep as well as access to a U.S. dealer network.

But powerful Republicans and Democrats in the United States have pushed for increased pressure on China’s commercial dealings, asking for the U.S. Government to take a hard stance against China buying U.S. companies.

A number of potential acquisitions of U.S. companies by Chinese buyers have been delayed or killed because of reviews by the Committee on Foreign Investment in the United States, or CFIUS. The inter-agency panel assesses the national security implications of foreign investments in U.S. companies.

(SD-Agencies)

 

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