Is a Chinese automaker about to make a play and buy Jeep from FiatChrysler? – PB/TK
Great Wall who? The Chinese car maker that wants to buy Jeep – By FOXBusiness / Aug 21 2017
China, private auto makers have struggled to escape the shadow of their much bigger state-run rivals, which have formed lucrative joint ventures with foreign firms and enjoy easier access to credit.
Great Wall, a Shanghai- and Hong Kong-listed company that dates back to 1984, is worth roughly $16 billion in market value. That is less than half that of Fiat Chrysler’s $38 billion capitalization, making a serious play for Jeep–Fiat Chrysler’s largest and most-lucrative business by far–a big bite.
Continue to foxbusiness.com article: http://www.foxbusiness.com/markets/2017/08/21/great-wall-who-chinese-car-maker-that-wants-to-buy-jeep.html
