13 Sep '17, 11pm

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The Chinese are mainly bottom fishing to gain routes to market for their energetically developed electric vehicles: they buy famous brands such as the manufacturer of London black cabs and other companies with their glory days behind them. That has included Geely buying Volvo Motors and SAIC buying the MG brand. Now Chinese SUV expert Great Wall wants to buy Fiat Chrysler Automobiles (FCA) , the world's seventh-largest car manufacturer. Great Wall's first interest was in FCA subsidiary Jeep, in order to become the largest SUV manufacturer in the world. However, "With respect to this case, we currently have an intention to acquire. We are interested in (FCA)," an unnamed official told Reuters via telephone citing it as a David and Goliath takeover. Great Wall sold just over one million cars in 2016 - whereas Fiat Chrysler sold over 4.7 million.

Full article: http://www.electricvehiclesresearch.com/articles/11676/ch...

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