Home Brandwatch Great Wall Motor tones down buyout talk

Great Wall Motor tones down buyout talk

0
SHARE

Reports emerging today have Great Wall Motors trying to clarify its position in connection to a takeover bid for Jeep. Statements made to the Shanghai stock exchange indicate “a great deal of uncertainty” over the bid.

Further, Great Wall Motors have clarified that they haven’t held any talks with FCA, having researched the company, but not having made any substantial moves.

The company said it had not “established contact with the CEO of Fiat Chrysler”, nor signed any documents with the firm.

Shares in Great Wall fell 2% in Shanghai after the announcement, before recovering slightly.

Our original report of the potential buy is here.

 

Leave a Reply