Dongfeng Motor, a major shareholder in Groupe PSA, has responded to media speculation by stating that it has no intention of buying FCA.
“We currently have no plans,” said Zhou Mi, a Wuhan-based spokesman for Dongfeng Motor, as quoted by Reuters. He added that Dongfeng Motor Group has no plans at the moment to acquire all or part of Fiat Chrysler Automobiles NV (FCA).
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In recent days, FCA has responded to similar rumours concerning Geely, stating that it has not been approached by that privately held firm in relation to a supposed bid for Jeep or other parts of its business.
Reuters reported on 21 August that a Great Wall Motor official said the company was interested in bidding for FCA, apparently confirming reports that the Chinese OEM is pursuing all or part of the company, whose brands include Jeep and Ram. The Jeep brand could be particularly attractive to an SUV specialist such as Great Wall in terms of furthering its global ambitions and technology transfers.
