Great Wall Motors, the Chinese firm that specialises in SUVs, has confirmed its interest in buying at least a part of Fiat Chrysler Automobiles, with a special keenness in acquiring Jeep.
Great Wall, which was founded in 1984, is China’s biggest producer of SUVs. A company spokesperson told Reuters that the firm had an intention to acquire FCA.
The interest in Jeep is to aid its plans to become one of the world’s largest SUV makers. It is unknown at this stage whether Great Wall is attempting to just buy Jeep, a part shareholding in the group or the whole Fiat Chrysler group which includes Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Lancia, Maserati, and Ram, as well as a number of automotive part supply companies.
While Ram is also primarily an SUV, truck and 4x4 firm, it is mainly focused on the North American market, while Jeep has a larger global footprint.
Any move by Great Wall would follow the path of Geely, which acquired Volvo in 2010.
Kohima
Chinese firm shows interest in buying Fiat Chrysler
Great Wall Motors plans to become one of the largest SUV makers by acquiring the Jeep brand.
1 min read•21 Aug '17
Autocar India News Desk14K+ views
Suggested News
Suraj Viswanathan
Glenn Noronha
Dhruv Dhaka
Dipan Sur
Uday Singh
Next-gen BMW M5 leaked before debut
Sporting over 600hp, the new M5 will rival the Mercedes-AMG E63.
2 min read•21 Aug '17
Autocar India News Desk
2017 Mercedes-AMG GT R, GT Roadster launched in India
The 469hp GT Roadster costs Rs 2.19 crore while the range-topping 585hp GT R is priced at Rs 2.23 crore.
2 min read•21 Aug '17
Autocar India News Desk
2018 Mercedes-Benz A-class spied testing
The next-gen hatchback, seen in near-production form, will be longer than the current car and also get a hybrid option.
3 min read•21 Aug '17
Autocar India News Desk
McLaren developing all-electric supercar
Expected to be part of its Ultimate Series, the production car will be as fast as the 675LT.
2 min read•21 Aug '17
Autocar India News Desk
2018 Audi A1 aims to eclipse rival Mini
Second-gen A1 to use MQB AO architecture; gets brand-new look, more tech and slight increase in dimensions.
3 min read•20 Aug '17
Autocar India News Desk
Poll of the month
Delhi’s draft EV policy mandates only electric 2W registrations by 2028. What is your view?
Delhi’s pollution crisis justifies strong mandates like this
Buyers will find ways around it, like registering in other states
It's too harsh! Incentivising EV purchases is a better strategy
The mandate should extend to four-wheelers too
1046 votes•78 days remaining
Can't decide which car to buy?
Ask our experts and get answers to all your car related queries.