video Finance Videos
Fiat Chrysler could rev up China’s Great Wall
Monday, August 21, 2017 - 01:21
China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram. Ciara Lee reports.
▲ Hide Transcript
▶ View Transcript
It's already China's biggest SUV and pick-up manufacturer But Great Wall has a plan to rev up its profile globally. It's confirmed it's interested in bidding for Italian-controlled group Fiat Chrysler If it buys all of FCA it will get flagship American brand Jeep. Which many see as a natural fit considering SUV sales in China are soaring. (SOUNDBITE) (English) SIMON FRENCH, CHIEF ECONOMIST, PANMURE GORDON, SAYING: "As they look to cement their position in what is a strongly growing sector, as fuel efficiency is to the forefront but also consumer preferences for large vehicles. They want to play into that market with a recognised brand name that has 70-80 years worth of history behind it." Fiat Chrysler says it hasn't been approached by Great Wall, and is busy implementing its five-year business plan. It comes at a time when Beijing's attitude to outbound deals has cooled. If Great Wall bought FCA, which has a market value of almost $20 billion, it would be by far China's largest overseas car industry deal - dwarfing Geely's acquisition of Volvo cars. FCA is also larger than Great Wall, which has a market value of closer to $16 billion. FCA shares rose nearly four percent in Milan. While Great Wall Motor shares closed up almost 3 percent in Shanghai.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Fiat Chrysler could rev up China’s Great Wall
Monday, August 21, 2017 - 01:21
Top News »
8:33am BST - (0:53)
7:39am BST - (1:31)
Mon, 25 Sep, 2017 - (1:24)
Mon, 25 Sep, 2017 - (0:37)
Mon, 25 Sep, 2017 - (1:35)
Mon, 25 Sep, 2017 - (1:14)
Mon, 25 Sep, 2017 - (1:21)
Mon, 25 Sep, 2017 - (1:56)
Mon, 25 Sep, 2017 - (4:06)
Mon, 25 Sep, 2017 - (1:59)
Mon, 25 Sep, 2017 - (2:02)
Mon, 25 Sep, 2017 - (0:39)
Editors' Picks »
Mon, 25 Sep, 2017 - (2:04)
Fri, 22 Sep, 2017 - (1:18)
Thu, 21 Sep, 2017 - (2:33)
Wed, 20 Sep, 2017 - (2:01)
Thu, 21 Sep, 2017 - (2:14)
Wed, 20 Sep, 2017 - (2:05)
Wed, 20 Sep, 2017 - (0:52)
Tue, 19 Sep, 2017 - (0:58)
Tue, 19 Sep, 2017 - (1:12)
Mon, 18 Sep, 2017 - (1:50)
Sun, 17 Sep, 2017 - (1:00)
Fri, 15 Sep, 2017 - (2:14)
Most Popular »
Mon, 25 Sep, 2017 - (1:44)
Sun, 24 Sep, 2017 - (1:35)
Mon, 25 Sep, 2017 - (1:41)
Mon, 25 Sep, 2017 - (2:07)
Mon, 25 Sep, 2017 - (2:15)
Mon, 25 Sep, 2017 - (1:19)
Mon, 25 Sep, 2017 - (1:54)
Sat, 23 Sep, 2017 - (1:18)
Mon, 25 Sep, 2017 - (0:53)
Fri, 01 Jul, 2016 - (1:15)
Fri, 22 Sep, 2017 - (1:47)
Thu, 21 Sep, 2017 - (1:04)
Business »
Mon, 25 Sep, 2017 - (1:23)
Mon, 25 Sep, 2017 - (1:22)
Mon, 25 Sep, 2017 - (1:46)
Mon, 25 Sep, 2017 - (1:52)
Fri, 22 Sep, 2017 - (1:16)
Fri, 22 Sep, 2017 - (1:43)
Fri, 22 Sep, 2017 - (1:20)
Fri, 22 Sep, 2017 - (3:13)
Fri, 22 Sep, 2017 - (1:10)
Thu, 21 Sep, 2017 - (4:58)
Wed, 20 Sep, 2017 - (5:44)
Fri, 22 Sep, 2017 - (1:06)
Featured Videos
British team fly rings around the Swiss in Brussels
Drone racing teams dodge the obstacles in Belgian park
'Smart' windows will lower heating costs, say researchers
Researchers at Eindhoven University of Technology have designed smart reflective windows that act as blinds in the summer and let all the sunlight through during the winter
Top surfers take part in test competition at "Surf Ranch"
Future is here for World Surf League as top surfers take part in test competition at ''Surf Ranch''
UK fishermen see Brexit boom, but there's a catch
Britain's vote to leave the EU has cast a shadow over the future of Europe's fishermen who fear that the British government could take control of the fish-rich waters around the British Isles and kick Europeans out of their patch
Cape Town grain silo turned into Africa's largest art museum
What was an abandoned grain silo is now the largest museum of contemporary African art in Africa
Technology »
8:42am BST - (2:08)
Mon, 25 Sep, 2017 - (2:21)
Mon, 25 Sep, 2017 - (2:07)
Fri, 22 Sep, 2017 - (2:19)
Wed, 20 Sep, 2017 - (2:05)
Wed, 20 Sep, 2017 - (1:45)
Tue, 19 Sep, 2017 - (1:34)
Tue, 19 Sep, 2017 - (1:03)
Mon, 18 Sep, 2017 - (2:01)
Mon, 18 Sep, 2017 - (2:09)
Fri, 15 Sep, 2017 - (1:15)
Fri, 15 Sep, 2017 - (1:17)
Entertainment »
Sat, 23 Sep, 2017 - (1:10)
Sat, 23 Sep, 2017 - (1:41)
Fri, 22 Sep, 2017 - (1:27)
Fri, 22 Sep, 2017 - (0:44)
Fri, 22 Sep, 2017 - (1:17)
Thu, 21 Sep, 2017 - (1:55)
Wed, 20 Sep, 2017 - (1:30)
Tue, 19 Sep, 2017 - (1:45)
Tue, 19 Sep, 2017 - (2:10)
Tue, 19 Sep, 2017 - (1:46)
Mon, 18 Sep, 2017 - (1:05)
Mon, 18 Sep, 2017 - (1:04)
Sports And Leisure »
Mon, 25 Sep, 2017 - (1:19)
Mon, 25 Sep, 2017 - (1:27)
Sun, 24 Sep, 2017 - (0:53)
Sun, 24 Sep, 2017 - (1:49)
Fri, 22 Sep, 2017 - (1:20)
Thu, 21 Sep, 2017 - (1:48)
Thu, 21 Sep, 2017 - (1:00)
Thu, 21 Sep, 2017 - (1:31)
Thu, 21 Sep, 2017 - (1:37)
Wed, 20 Sep, 2017 - (1:13)
Tue, 19 Sep, 2017 - (1:33)
Mon, 18 Sep, 2017 - (1:06)
Oddly Enough »
Wed, 20 Sep, 2017 - (1:12)
Wed, 13 Sep, 2017 - (1:11)
Tue, 12 Sep, 2017 - (1:09)
Sat, 09 Sep, 2017 - (1:02)
Tue, 05 Sep, 2017 - (0:56)
Mon, 04 Sep, 2017 - (1:32)
Mon, 04 Sep, 2017 - (1:04)
Fri, 01 Sep, 2017 - (1:35)
Fri, 01 Sep, 2017 - (0:58)
Fri, 01 Sep, 2017 - (0:50)
Fri, 01 Sep, 2017 - (0:54)
Fri, 01 Sep, 2017 - (0:58)
Dateline Asia »
Fri, 22 Sep, 2017 - (2:09)
Fri, 22 Sep, 2017 - (2:08)
Thu, 21 Sep, 2017 - (2:15)
Thu, 21 Sep, 2017 - (2:31)
Wed, 20 Sep, 2017 - (2:19)
Tue, 19 Sep, 2017 - (2:19)
Tue, 19 Sep, 2017 - (1:44)
Mon, 18 Sep, 2017 - (2:25)
Fri, 15 Sep, 2017 - (2:19)
Fri, 15 Sep, 2017 - (1:47)
Fri, 15 Sep, 2017 - (2:28)
Thu, 14 Sep, 2017 - (2:01)