Merger claims, in which Italian-controlled Fiat Chrysler has long sought to cut costs and cut staff, are intensifying. The statements of the CEO of the company, Sergio Marchionne, also strengthen the claims and confirm the claims of sale.
According to news in Habertürk; After General Motors, the name of Guangzhou Automobile Group, a joint stock company controlled by the Chinese government, came to prominence. Experts pointed out that Fiat Chrysler, which is strong in the region, is an important opportunity for Chinese automakers trying to expand in America.
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Last week, sources from the automotive world even claimed that Fiat executives went to China.
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At the center of the speculation was the Chinese government’s pressure to expand the company through the purchase of foreign companies. Many Chinese manufacturers were named Fiat out of Guangzhou, but these were denied by official statements.
Guangzhou Executive Wu Yunchong also clarified the growing rumors in recent days.
“We currently have no plans to buy Fiat Chrysler,” Wu Yunchong told Reuters. say. Zhou Mi at Dongfeng Motor also gave the same word-for-word explanation.