Fiat Chrysler Automobile's (FCAU) - Get Report potential sale to Chinese company Great Wall Motor could be hung up by the Trump administration, which is not on the best of terms with China's government, CNBC reported.
"With respect to this case, we currently have an intention to acquire. We are interested in [FCA]," Great Wall Motor said Monday. Analysts see the company's interest in Fiat as being driven by the company's Jeep brand.
However, the Trump administration's relationship with China has hit a rough patch in recent months. Continued threats from North Korea that the administration believes China is not doing enough about have soured relations between the two superpowers.
Is your portfolio about to be eclipsed?
- Here Is What You Need To Know About Today's Solar Eclipse
- Today's Solar Eclipse Could Cost Companies a Mind-Blowing $694 Million
- Solar Eclipse Offers Airlines a Shot at Boosting Profits
- 5 Brands Cashing In On The Solar Eclipse