Fiat Chrysler shares jump on news Great Wall eyeing Jeep
Chinese automaker confirms rumors it is interested in all or part of Jeep and Ram truck brands
Great Wall Motor Co told Automative News that it has reached out to Fiat Chrysler Automobiles and is interested in acquiring the Jeep brand, following continued speculation FCA may have finally found suitors. Reuters reported the Chinese car maker is also interested in the Ram truck brand.
“With respect to this case, we currently have an intention to acquire. We are interested in (FCA),” an official at Great Wall Motor’s press relations department told Reuters.
Fiat Chrysler shares closed up nearly 7% in trading on Monday following the news.