StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

China-buy rumor denied

by David Zatz on

Guangzhou Automobile Group (GAC) has denied rumors that it would acquire a majority share in Fiat Chrysler Automobiles, a move that would likely involve purchasing large quantities of shares on the stock market (unless the founding Agnelli family was willing to sell, in a reversal of its past policy).

fca-crazy-rumors

Il Giornale had claimed inside sources, and their story was picked up by Reuters. GAC, which has a joint venture with FCA to make cars in China, said there were “currently no plans” to buy a stake in FCA, and FCA itself refused to comment.

FCA stock has remained essentially unchanged throughout, with a slight gain this morning followed by a slighter decline, neither outside the random rise-and-fall motion of the stock.

Dodge Charger GT AWD
FCA announces UAW deal while Dodge launches Charger GT AWD
durango pursuit
Is the Charger still the best police car, and how’s the Durango?

Hellcat Challenger quarter mile world record drops to 7.66

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.