Chinese auto maker interested in buying Fiat: Reuters

Chinese auto maker Great Wall Motor Co. is considering a bid for Fiat Chrysler Automobiles NV , according to a Reuters report Monday. “With respect to this case, we currently have an intention to acquire,” Reuters quoted an unnamed Great Wall Motor official as saying. This follows a report by Automotive News that the Chinese company was exploring the purchase of Fiat’s Jeep brand. In Milan, Fiat shares rose as much as 4.9% on Monday morning. NYSE-listed shares of Fiat were up 2.9% in premarket trade.

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