Great Wall Motors Interested in Acquiring Fiat Chrysler - TheStreet

Great Wall Motors Interested in Acquiring Fiat Chrysler

More takeover speculation at Fiat
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Fiat Chrysler (FCAU) - Get Report  shares were up Monday morning, after another Chinese carmaker confirmed its interest in buying the company.

China's Great Wall Motor told Reuters Monday that it had interest in acquiring the company. "With respect to this case, we currently have an intention to acquire. We are interested in (FCA)," the company official in Great Wall's press relations department, who declined to give his name, told Reuters over phone.

Fiat shares were up 3.27% Monday at 10:27 am in Italy, extending a gain of more than 12% over the past five days since speculation of a buyer came to light.

In a separate report Monday, Automotive News said the Chinese carmaker had expressed interest in buying the Jeep brand and has contacted Fiat to see whether a deal could be negotiated.

Fiat also has the Fiat, Chrysler, Dodge and Ram brands.

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