[Alf M.]

Hello, just seen this on the 'wires'...

Fiat Chrysler shares up on report of potential GAC interest
MILAN, May 18 (Reuters) - Milan-listed shares in Fiat
Chrysler Automobiles rose more than 3 percent on
Wednesday after a media report suggested that China's GAC was
considering making an offer for a majority stake in the
Italian-American carmaker.
Il Giornale daily said in an unsourced report that Guangzhou
Automobile Group Co Ltd, which already has a joint
venture with FCA in China, may be interested in buying a stake.
"The market is betting on rumors that their Chinese partner
wants to enter the group," a Milan-based trader said, adding the
stock was also recovering from a fall in the previous session
when the carmaker was hit by a broker downgrade.
Fiat Chrysler declined to comment, while GAC declined an
immediate comment.
The stock was up 2.8 percent by 0730 GMT, compared with a
flat Milan blue-chip index.

(Reporting by Agnieszka Flak, Francesca Landini and Jake
Spring)
REUTERS

 

[PR]

Yes I have just read this on ANE.


A majority share by a Chinese automaker... Im not sure what that would bring!?

 

[JTD_Liam]

God I hope they turn this one down. Seems all-too-often that European companies are letting China get involved. They have the money, but not sure if they bring anything else particularly valuable, especially in this instance.

I'd prefer it if Fiat got involved with a company like Mazda or Suzuki. Mazda probably being the one with more to offer Fiat/Alfa, although possibly not so much in it for them as there could be with Suzuki, who already benefit from Fiat's engine tech (Multijet diesels). Toyota wouldn't have been a bad move either - Fiat could use their quality control & customer service expertise and Toyota could use Fiat's superior engine technology. That ship's probably sailed though, because of Toyota & PSAs relationship.

 

[Cuore_Sportivo_155]

Yes I have just read this on ANE.


A majority share by a Chinese automaker... Im not sure what that would bring!?

Money!

 

[alfabeat]

Money!

And easier access to the biggest car market in the world....!

It doesn't seem to have harmed Volvo. They are producing some cracking cars at the moment, and seem to have been left to their strengths with the backing they need.