Despite rumours suggesting otherwise, FCA says Great Wall hasn’t approached it to buy Jeep…
Reuters is reporting that Great Wall has expressed an interest in acquiring the Jeep brand, yet FCA says Great Wall hasn’t been in touch.
IN WHAT COULD JUST be a case of semantics, FCA is denying rumours that Great Wall Motor Co has been in touch to discuss acquisition of Jeep. The story originally broke on Autonomotive News which quoted Great Wall’s President, Wang Fengying, who said he was planning to contact FCA to discuss acquiring the Jeep brand.
Reuters quoted an unnamed ‘official’ at Great Wall who said, “With respect to this case, we currently have an intention to acquire we are interested in [FCA]”.
FCA has responded to the Great Wall rumours by saying it has not been approached by the Chinese car maker.
“In response to market rumours regarding a potential interest of Great Wall Motors in the Jeep brand, Fiat Chrysler Automobiles (FCA) confirmed that it has not been approached by Great Wall Motors in connection with the Jeep brand or any other matter relating to its business.
“FCA is fully committed to its 2014-18 plan, having achieved each one of its targets to date and with only six quarters left to its completion.”
But, just because Great Wall hasn’t picked up the phone yet, doesn’t mean it won’t by the end of the week.