While it’s been for sale by its owners for more than 2-years now, Fiat-Chrysler Automobiles (FCA) might have finally found a possible suitor, from China. No, real shocker there… While details are sketchy at best, apparently more than one Chinese automaker has expressed interest in FCA, if for nothing else than its global distribution network, as well as the lucrative Jeep (below) and RAM brands. It’s all part of an apparent plan by Chinese companies to spend upwards of US$1.5 Trillion in the next 10 years acquiring overseas companies, a whopping 70% increase from current levels. (source: Bloomberg)
Apparently according to ANE, “a source said FCA executives have traveled to China to meet with Great Wall Motor. And Chinese delegations were seen last week at FCA’s headquarters in Auburn Hills, Michigan” And according to another ANE source, “any sale likely would involve FCA’s highly profitable Jeep and Ram brands, as well as Chrysler, Dodge and Fiat, but would exclude Maserati and Alfa Romeo. Those two brands would be spun off, as was Ferrari, to maximize returns for Exor, the holding company controlled by the Agnelli family, which owns a controlling interest in FCA” the source said, speaking on condition of anonymity. (source: ANE)
We’ll keep you updated on more to come!
Source: Automotive News Europe