First it was Geely. Then Dongfeng. Now add Guangzhou Automobile Group to the list of Chinese automakers that have denied interest in acquiring Fiat Chrysler Automobiles (FCA).
FCA has seemingly been seeking a dance partner for a merger or acquisition for a year or two now, and the company’s stock rose earlier this week when Automotive News reported that a “well-known Chinese automaker” had made an offer to acquire FCA. The company has a market value close to $20 billion. Automotive News reported that the offer was rejected for not being enough.
You may recall that the possibility of building Jeeps in China (something that actually started decades ago when the brand was owned by American Motors) became an issue in last year’s U.S. presidential election campaign. According to reports in Chinese media, the Fiat and Guangzhou Automobile groups have reached a tentative agreement to assemble Jeeps in the companies’ joint venture Changsha factory in central China.
The sprawling city Guangzhou in southern China sprung a nasty surprise on its (pop. 12.7 million citizens: it drastically slashed the number of new cars being registered. Observers predict that this move could have far-reaching consequences on the Chinese car market.
Things have been a little quiet around Better Place and their battery switching solution. Everybody is waiting for their Denmark and Israel projects to finally take off. The promised land of EVs of course is China: A huge population, a large untapped car market, and a government that gets nervous when thinking about long and perilous supply lines of foreign oil. The Chinese government demands EVs from its automakers, and just about each had a prototype or more at the Shanghai Auto Show that had a plug and a cord. Just don’t ask when you can buy one.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- MrIcky I'm not bashing iphone, I'm pretty cell phone agnostic but the iphone 15 has had a really rocky start, particularly the titanium back plate model (the aluminum is much better apparently). The titanium back plate model has a number of reports about getting extraordinarily hot with wireless charging and has caused issues beyond just in a BMW. It's also been fracturing under fairly low bending pressure. Apparently the aluminum case model is sturdy enough just like the i14, but the high zoot titanium model has a super thin titanium plate for the rear and sides and it isn't close to as rigid because it's so thin. They think the thinness and titaniums properties are part of the heat issues. Maybe hired some Ford materials engineers? Haaay-yooooo
- RealTalk Keep up the good fight. I’d wager that none of the corporate bootlicker commenters here have ever worked in automotive manufacturing. As such, their understanding of the conflict is tainted and their opinions are wildly out of touch.
- EBFlex Absolutely useless truck. Ford trying to make this pile of garbage seem more appealing because they can't sell them.Funny that they announce this a day or two after they cancel dealer stock orders due to quality issues. This company is a ship without a rudder
- RealTalk Time for the Regressive automotive enthusiasts to move the goal posts again.
- Dukeisduke Meanwhile, the Automotive Alliance for Innovation, that represents the Big 3, blasted NHTSA's CAFE proposal, stating it "exceeds maximum feasibility", and will cost the automakers $14b in fines between 2027 and 2032.NHTSA's reaction: Lol, just build more EVs, you silly gooses.What happens if consumers revolt, won't buy EVs, and hold on to their old cars instead?