Great Wall Motor has sights on Fiat Chrysler, or possibly just the Jeep brand
Beijing — China’s Great Wall Motor signalled on Monday its intention to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler following a report that it wants to buy the Jeep brand. An agreement would be a major coup for the Chinese automotive industry, though it may cause political waves in the US, 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 car maker in terms of sales — 1.07-million in China and 17,400 abroad last year — but any purchase of Fiat Chrysler would take the firm to another level. "There is an intention to make the purchase," a Great Wall Motor spokeswoman told AFP, though she declined to say whether the possible deal would be for the entire automotive giant or just one of its brands. The US car industry publication Automotive News reported earlier that Great Wall Motor president Wang Fengying had said in an e-mail that her compan...
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