Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne stated he was unsure about consolidation with China’s Great Wall Motor was the response, pushing back against the Chinese carmaker’s earlier expressed interest in his company.
Talking to press reporters, Marchionne informed there were “sensitive issues related to trans-national mergers,” and he did not think those issues had been thoroughly analyzed between the two carmakers.
In August, Great Wall made a direct overture to FCA to get part of the Italian-American auto company, with a specific interest in FCA’s Jeep brand.
While Marchionne has informed in the past that he wants to find a partner or buyer for the world’s seventh-largest automaker as expenses increase, he said aggregation with Great Wall would be hard as the two companies do not overlap in regards to market or products.
Asked whether the carmaker will sell Jeep as a different unit, Marchionne said that option was not being thought about.