Fiat Chrysler on the hunt for a Chinese partner
Rumours are swirling that Italian/American automotive giant Fiat Chrysler is looking for a Chinese business partner to help with steep costs that are necessary to develop and build new cars.
Fiat Chrysler CEO Sergio Marchionne is open to a full or partial buyout, and it is alleged that one undisclosed Chinese brand has made a bid that was deemed too low. It is believed that either Geely, Great Wall, Dongfeng or Guangzhou Automobile Group (GAC) have put in an offer for Fiat Chrysler.
Fiat Chrysler have been in talks with Great Wall bosses, and other Chinese companies are said to be pondering a deal. What brands would be included in the sale/deal are unknown, but it could give the Chinese easy access to the hugely lucrative American market.
More information will be provided as it comes to hand.