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The future of Fiat Chrysler Automobiles has been thrown into confusion after Chinese car maker Great Wall Motors said it planned to buy parts of the Italian-American automotive business - a claim that was quickly refuted by FCA.

Shares in FCA surged on Monday after Great Wall said it "intended" to make a move for car maker, stepping into the spotlight after a week of rumours swirling around the identity of a potential bidder.

Industry analysts believe Great Wall - which is focused on SUVs - could be eyeing FCA's Jeep brand, as it looks to bolster its own range of rugged vehicles.

However, FCA attempted to quash speculation, saying in a statement that it "had not been approached by Great Wall relating to Jeep or any matter relating to its business", and adding it was "fully committed" to its long-term business plan.

Source: http://www.telegraph.co.uk/business...ar-maker-great-wall-looks-snap-fiat-chrysler/
 
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