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Posted: 02 May 2018, 03:09CHINA’S Great Wall Motor Co is interested in bidding for Fiat Chrysler Automobiles Tilbud Herre Nike Shox OZ D Sko Sort Guld , a company official said yesterday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands.
There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified “well-known Chinese automaker” made an offer earlier this month, triggering a jump in FCA’s Milan-listed shares.
“With respect to this case, we currently have an intention to acquire. We are interested in (FCA),” an official at Great Wall Motor’s press relations department said by phone. He declined to give his name and gave no further details.
FCA Chief Executive Sergio Marchionne is seeking a partner or buyer for the world's seventh-largest automaker to help it manage rising costs, comply with emissions regulations and develop technology for electric and self-driving cars.
In a statement Udsalg Herre Nike Shox OZ D Sko Sort , Fiat Chrysler said it had not been approached by Great Wall Motor, and was busy with implementing its current five-year business plan.
A move for FCA by Great Wall Motor, China’s largest sport-utility vehicle and pick-up manufacturer, would be audacious, however.
At a time when China’s attitude to outbound deals has cooled, if Great Wall bought FCA Online Herre Nike Shox OZ D Sko Hvid , which has a market value of almost US$20 billion, it would be by far China’s largest overseas automotive industry deal — and possibly one of its largest ever overseas purchases — dwarfing Geely’s acquisition of Volvo cars in 2010.
FCA is also larger than Great Wall, which has a market value of closer to US$16 billion.
Earlier yesterday, two people familiar with the matter said Great Wall Motor had asked for a meeting with FCA, with the aim of making an offer for all or part of the group. Also yesterday, citing an e-mail from Great Wall Motor President Wang Fengying Køb Herre Nike Shox NZ Sko Hvid Sort , Automotive News reported Great Wall had contacted FCA to express interest specifically in the Jeep brand.
The industry publication cited a Great Wall spokesman confirming interest, but saying the Chinese automaker had not made a formal offer or met with FCA’s board.
“Our strategic goal is to become the world’s largest SUV maker,” Automotive News quoted the spokesman as saying. “Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better (than on our own).”
“Jeep is the most logical choice since (Great Wall) wants to be the largest SUV maker in the world,” said Yale Zhang Tilbud Herre Nike Shox NZ Sko Rød Sort , head of Shanghai-based consultancy Automotive Foresight.
Ram could be an option, but “the Jeep brand is recognized globally. I think Great Wall Motor is eying a global strategy, not just the United States,” Zhang added.
Marchionne told analysts last month that a new five-year strategy — to be unveiled next year — could include asset sales.
While he acknowledged that Jeep, Ram, Maserati and Alfa Romeo could exist on their own Udsalg Herre Nike Shox NZ Sko Hvid Blå , he appeared to pour cold water on the idea that any of them would be sold — at least not without leaving behind a less profitable “stump” that may struggle on its own.
Jeep SUVs and Ram trucks, the two most coveted of Fiat Chrysler’s brands, have become a major profit engine and a driver for Fiat’s North American operations.
Jeep, which traces its roots to the iconic World War Two military vehicle, targets sales of 2 million vehicles in 2018, up from 1.4 million in 2016. Marchionne has said deliveries from the SUV brand could eventually rise to as many as seven million a year as demand for sporty vehicles is set to keep rising.
In a recent note Tilbud Herre Nike Shox NZ Sko Hvid Sort , Morgan Stanley estimated Jeep’s enterprise value at 23 billion euros (US$27 billion) — nearly 150 percent of the whole of FCA’s market value.
A move for FCA or one of its main brands would be challenging to finance, and would have to overcome serious regulatory hurdles — but it would boost Great Wall’s position in the US market and globally.
It would also allow it to get around the politically charged issue of manufacturing in the United States to sell there, something that would otherwise take decades to build up.
Great Wall’s founder and chairman Wei Jianjun saw opportunity when China began to fall in love with SUVs, and invested heavily in its Haval brand, cutting back on sedans. Within a few years, it was a top seller Udsalg Herre Nike Shox NZ Sko Sort Sølv , with its H6 model topping sales charts going back to 2014.
The people familiar with the matter told Reuters that Great Wall had been making plans for the United States for some time, mainly by upgrading some key products and improving branding.
It earlier this year officially launched a new “Wei” brand, named after the chairman, of potentially US-market ready vehicles.
BEIJING, Aug. 16 (Xinhua) -- China firmly opposes a U.S. report that made unreasonable assertions on religious freedom in China, a Foreign Ministry spokesperson said here Wednesday.
Media reported the United States on Tuesday issued its annual religious freedom report Billige Herre Nike Shox NZ Sko Hvid Guld , calling out seven countries, including China, for serious problems in terms of religious freedom.
Spokesperson Hua Chunying told a daily news briefing that the report ignores the facts on religious freedom in China.
"China firmly opposes it, and has lodged serious representations to the United States on the issue," Hua said.
"We calls on the United States to respect the facts, mind its own business nike air max 97 tilbud , and stop using the religion issue to intervene in other countries' internal affairs," she said.
Hua said China fully respects and protects freedom of religious belief, and Chinese people of all ethnic groups and all regions enjoy religious freedom in accordance with law.
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by Xinhua wri.
There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified “well-known Chinese automaker” made an offer earlier this month, triggering a jump in FCA’s Milan-listed shares.
“With respect to this case, we currently have an intention to acquire. We are interested in (FCA),” an official at Great Wall Motor’s press relations department said by phone. He declined to give his name and gave no further details.
FCA Chief Executive Sergio Marchionne is seeking a partner or buyer for the world's seventh-largest automaker to help it manage rising costs, comply with emissions regulations and develop technology for electric and self-driving cars.
In a statement Udsalg Herre Nike Shox OZ D Sko Sort , Fiat Chrysler said it had not been approached by Great Wall Motor, and was busy with implementing its current five-year business plan.
A move for FCA by Great Wall Motor, China’s largest sport-utility vehicle and pick-up manufacturer, would be audacious, however.
At a time when China’s attitude to outbound deals has cooled, if Great Wall bought FCA Online Herre Nike Shox OZ D Sko Hvid , which has a market value of almost US$20 billion, it would be by far China’s largest overseas automotive industry deal — and possibly one of its largest ever overseas purchases — dwarfing Geely’s acquisition of Volvo cars in 2010.
FCA is also larger than Great Wall, which has a market value of closer to US$16 billion.
Earlier yesterday, two people familiar with the matter said Great Wall Motor had asked for a meeting with FCA, with the aim of making an offer for all or part of the group. Also yesterday, citing an e-mail from Great Wall Motor President Wang Fengying Køb Herre Nike Shox NZ Sko Hvid Sort , Automotive News reported Great Wall had contacted FCA to express interest specifically in the Jeep brand.
The industry publication cited a Great Wall spokesman confirming interest, but saying the Chinese automaker had not made a formal offer or met with FCA’s board.
“Our strategic goal is to become the world’s largest SUV maker,” Automotive News quoted the spokesman as saying. “Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better (than on our own).”
“Jeep is the most logical choice since (Great Wall) wants to be the largest SUV maker in the world,” said Yale Zhang Tilbud Herre Nike Shox NZ Sko Rød Sort , head of Shanghai-based consultancy Automotive Foresight.
Ram could be an option, but “the Jeep brand is recognized globally. I think Great Wall Motor is eying a global strategy, not just the United States,” Zhang added.
Marchionne told analysts last month that a new five-year strategy — to be unveiled next year — could include asset sales.
While he acknowledged that Jeep, Ram, Maserati and Alfa Romeo could exist on their own Udsalg Herre Nike Shox NZ Sko Hvid Blå , he appeared to pour cold water on the idea that any of them would be sold — at least not without leaving behind a less profitable “stump” that may struggle on its own.
Jeep SUVs and Ram trucks, the two most coveted of Fiat Chrysler’s brands, have become a major profit engine and a driver for Fiat’s North American operations.
Jeep, which traces its roots to the iconic World War Two military vehicle, targets sales of 2 million vehicles in 2018, up from 1.4 million in 2016. Marchionne has said deliveries from the SUV brand could eventually rise to as many as seven million a year as demand for sporty vehicles is set to keep rising.
In a recent note Tilbud Herre Nike Shox NZ Sko Hvid Sort , Morgan Stanley estimated Jeep’s enterprise value at 23 billion euros (US$27 billion) — nearly 150 percent of the whole of FCA’s market value.
A move for FCA or one of its main brands would be challenging to finance, and would have to overcome serious regulatory hurdles — but it would boost Great Wall’s position in the US market and globally.
It would also allow it to get around the politically charged issue of manufacturing in the United States to sell there, something that would otherwise take decades to build up.
Great Wall’s founder and chairman Wei Jianjun saw opportunity when China began to fall in love with SUVs, and invested heavily in its Haval brand, cutting back on sedans. Within a few years, it was a top seller Udsalg Herre Nike Shox NZ Sko Sort Sølv , with its H6 model topping sales charts going back to 2014.
The people familiar with the matter told Reuters that Great Wall had been making plans for the United States for some time, mainly by upgrading some key products and improving branding.
It earlier this year officially launched a new “Wei” brand, named after the chairman, of potentially US-market ready vehicles.
BEIJING, Aug. 16 (Xinhua) -- China firmly opposes a U.S. report that made unreasonable assertions on religious freedom in China, a Foreign Ministry spokesperson said here Wednesday.
Media reported the United States on Tuesday issued its annual religious freedom report Billige Herre Nike Shox NZ Sko Hvid Guld , calling out seven countries, including China, for serious problems in terms of religious freedom.
Spokesperson Hua Chunying told a daily news briefing that the report ignores the facts on religious freedom in China.
"China firmly opposes it, and has lodged serious representations to the United States on the issue," Hua said.
"We calls on the United States to respect the facts, mind its own business nike air max 97 tilbud , and stop using the religion issue to intervene in other countries' internal affairs," she said.
Hua said China fully respects and protects freedom of religious belief, and Chinese people of all ethnic groups and all regions enjoy religious freedom in accordance with law.
Video: Abe's misadventure in constitution revision
A look at one of host cities of 2022 Winter Olympics: Zhangjiakou
China's Discovery ROV collects samples from Car
by Xinhua wri.