Reuters logo
Great Wall Motor says it has not contacted Fiat Chrysler's board
August 22, 2017 / 12:14 PM / 3 months ago

Great Wall Motor says it has not contacted Fiat Chrysler's board

HONG KONG, Aug 22 (Reuters) - Chinese automaker Great Wall Motor Co Ltd has not contacted Fiat Chrysler Automobiles NV’s board nor has it signed any agreements with the Italian-American automaker, it said on Tuesday.

Automotive News first reported on Monday that Great Wall Motor President Wang Fengying planned to contact FCA to discuss acquiring the Jeep brand.

Two people familiar with the matter told Reuters on Monday that Great Wall Motor had asked for a meeting with FCA to make an offer for all or part of the group.

“We took interest in FCA but there has been no concrete progress so far,” Great Wall Motor said in a filing to the Shanghai stock exchange on Tuesday.

“We have not had any negotiation, nor signed any agreements with FCA,” the filing added.

Trading in Great Wall Motor’s Shanghai-listed shares will resume on Wednesday, after it was suspended on the company’s request. (Reporting by Meg Shen; editing by Susan Thomas)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below