Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    Great Wall Has Second Thoughts, Might Not Pursue Buying Jeep

      Pouring a bit of cold water on a possible deal

    Earlier this week, Chinese automaker Great Wall announced its intentions of possibly buying Jeep. It was hoping to make contact with Fiat Chrysler Automobiles about starting negotiations. But just a day later, Great Wall has poured a bucket of cold water on their plans.

    In a recent filing to the Shanghai stock exchange, Great Wall said there are “big uncertainties” with FCA and isn't sure if it will continue investigating it. The company also stated they have not made any contact with Fiat's board.

    "The company has not built any relationship with the directors of FCA nor has the company entered into any discussion or signed any agreements with any officer of FCA so far," Great Wall said in the filing.

    On this news, Great Wall's share price went into freefall on Tuesday that the Shanghai stock exchange put a halt on trading. 

    Analysts find it hard to see FCA selling Jeep alone, as it is the crown jewel in their lineup. There are also the concerns of getting government approval. A recent report from Deutsche Bank AG said Great Wall could run into issues with getting approval from the Chinese government as restrictions have been placed on capital outflow. There is also the political ramifications in the U.S. due to President Donald Trump.

    Source: Bloomberg, Reuters

    User Feedback

    Recommended Comments

    5 hours ago, dfelt said:

    I so can see the signs now, for Dodge maybe, especially for Chrysler, "Last one leaving turn off the lights"

    I honestly am surprised Sergio has not decided to kill the Chrysler name plate.

    I doubt Dodge or Chrysler get a new product ever again, the Pacifica was probably the last one.  If they are still around past 2020, they'll probably get a mild refresh with new trim pieces and the Alfa Romeo turbo 4 as the main engine.

    Rumor is they can spin off Alfa/Maserati though for $8 billion, if the tis true and Jeep is worth $33 billion, then Chrysler/Dodge/Ram is worth negative $9 billion, which I think is true and why FCA isn't sold yet.

    Link to comment
    Share on other sites

    11 hours ago, smk4565 said:

    I doubt Dodge or Chrysler get a new product ever again, the Pacifica was probably the last one.  If they are still around past 2020, they'll probably get a mild refresh with new trim pieces and the Alfa Romeo turbo 4 as the main engine.

    Rumor is they can spin off Alfa/Maserati though for $8 billion, if the tis true and Jeep is worth $33 billion, then Chrysler/Dodge/Ram is worth negative $9 billion, which I think is true and why FCA isn't sold yet.

    FCA should just bite the bullet, move the Pacifica over to Dodge, turn off the Chrysler lights and call it a day.

    Link to comment
    Share on other sites

    58 minutes ago, dfelt said:

    FCA should just bite the bullet, move the Pacifica over to Dodge, turn off the Chrysler lights and call it a day.

    No.  They should simply end Dodge and save Chrysler instead.  The Charger and Challenger are very similar to the 300; the Dart is an abject failure in the marketplace; all their trucks are now RAM trucks; and the Journey can be a Chrysler right now (if it wasn't so pathetic).

    Link to comment
    Share on other sites

    47 minutes ago, riviera74 said:

    No.  They should simply end Dodge and save Chrysler instead.  The Charger and Challenger are very similar to the 300; the Dart is an abject failure in the marketplace; all their trucks are now RAM trucks; and the Journey can be a Chrysler right now (if it wasn't so pathetic).

    Both Dodge and Chrysler have rich history, but that is it, right now history. Dodge has a better awareness in the market place. Chrysler has the old person, smell of death associated with it when you talk to people.

    I understand you liking one over the other, and I get it as I have warm feelings for Buick but if it was not for China, I would have said kill Buick also and just be a Chevy, GMC, Cadillac company.

    Sadly, I do not think you can really bring back Chrysler without spending billions and 100 years to rebuild. Dodge due to the performance angle has the awareness and is not as tarnished as Chrysler.

    That is how I see it right now.

    Link to comment
    Share on other sites

    The Dodge brand has the performance image, the minivan could be branded either as a Chrysler or Dodge w/ a few changes.   The Journey isn't long for this world and seems redundant w/ Jeep crossovers.   I like the 300, but I don't know if they can maintain a brand with only 1-2 models long term.... 

    Link to comment
    Share on other sites

    On 8/24/2017 at 10:08 AM, dfelt said:

    Both Dodge and Chrysler have rich history, but that is it, right now history. Dodge has a better awareness in the market place. Chrysler has the old person, smell of death associated with it when you talk to people.

    I understand you liking one over the other, and I get it as I have warm feelings for Buick but if it was not for China, I would have said kill Buick also and just be a Chevy, GMC, Cadillac company.

    Sadly, I do not think you can really bring back Chrysler without spending billions and 100 years to rebuild. Dodge due to the performance angle has the awareness and is not as tarnished as Chrysler.

    That is how I see it right now.

    I get where you are coming from on this.  Then again, I had to watch Oldsmobile get killed in 2004.  Thanks for the sentiment.  I just do not see a real future for any of (the former) Chrysler Corporation brands given Sergio.

    • Agree 1
    Link to comment
    Share on other sites

    28 minutes ago, riviera74 said:

    I get where you are coming from on this.  Then again, I had to watch Oldsmobile get killed in 2004.  Thanks for the sentiment.  I just do not see a real future for any of (the former) Chrysler Corporation brands given Sergio.

    Except Jeep and Ram, I can see surviving post FCA.

    Link to comment
    Share on other sites

    10 hours ago, dfelt said:

    Except Jeep and Ram, I can see surviving post FCA.

    I do not see RAM having a post-FCA future.  Jeep will almost certainly survive and possibly even thrive without all the corporate baggage.

    Link to comment
    Share on other sites

    7 hours ago, riviera74 said:

    I do not see RAM having a post-FCA future.  Jeep will almost certainly survive and possibly even thrive without all the corporate baggage.

    Except that RAM pick-up trucks sell 400 000 units or so per year for the last 3 years and are on track to hit 500 000 plus this year.

    If RAM trucks division is sold off alone away from JEEP, A corporate entity other than GM or FoMoCo could use those sales to bolster profits further or its easy entry for the North American market.

    Think about it, Renault-Nissan could buy RAM and Nissan is instantly a pick-up truck contender...

    Think about it...if Renault-Nissan was to buy RAM...RAM instantly has a small pick-up truck to sell...the Frontier...to compete with the Canyon/Colorado, Ranger, Tacoma and under a RAM badge...just BECAUSE of a RAM badge...will be competitive sales wise versus the others...and the Frontier aint a bad truck either...RAM engineers could easily improve upon it...

    That goes for any Chinese company (or European for that matter) wanting to enter the US market...400 000-500 000 instant sales...

    If any corporate entity buys JEEP and RAM together...the sales from those two brands are endless...for the short term anyway...

    The corporate entity all it has to do is just pair up JEEP and RAM in one showroom and the sales and profits will just be pouring in....helping that corporate entity's other cars get engineering dollars and presence...kinda like Fiat...if the poker hands are played right...unlike Fiat...

    Its a little iffy for Dodge and Chrysler as of now...

    Dodge is known for police cars and muscle cars...both require V8 images (from a consumer stand point)

    Police departments are moving away from V8s as we speak while the muscle car image as to where its gotta go is still up in the air...

    Anybody that buys Dodge better get their marketing straight because V8 police cars and V8 muscle cars are slowly dying...and as of now...that is the ONLY two images Dodge  has.  They were stripped of the trucks...

    Dodge has to be the one to re-invent the muscle car...and the corporate entity that may want to give Dodge a try better understand what a future mainstream muscle car is and what Americans want from a future mainstream muscle car...that seems like too much work for a corporate entity wanting to get a foot-hold in the USA...

    Unless someone buys RAM and Dodge and just re-unites RAM with Dodge again. Its not too late for that as consumers still have  memories that include Dodge as pick-up truck brand...400 000-500 000 sales per year shouldnt be ignored and could just as easily remedy Dodge as any other brand...

    Edited by oldshurst442
    • Like 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Very cool, seems Chinese EVs are here being compared by American companies so that hopefully we do not fall too far behind. A Xiaomi EV was spotted in America, and a US maker might be behind it
    • Kia just showed off in Brussels their Global release of the EV3, EV4, and EV5 GT editions. Full details are here. Kia electrifies Brussels Motor Show with three new GT models: EV3, EV4 and EV5 | Releases | Official Media Site NEWSROOM
    • Phoque him and las vegas!!! Phoque the whole damned country that is the usa!!!  Fix your own shyte! Canadians need not be a money mine for any american tourist site or area!!! trump and many maga a&&hol3s want to make Canada an enemy and actually want to occupy Canada. Many other americans are phoquing clueless to  trump's bullshyte!!!   Phoque that!!! There are only a hair above 40 million Canadians. There are a hair below 350 million americans.  trump said and continues to say that he and the usa does not need anything Canadian.  So phoque trump and phoque the usa!!!  Let americans visit and tourist las vegas and any other american area.  desantis who says continually "who needs Canadians?" and he FALSELY claimed last December  that florida had record breaking visitors mocking Canada's boycott to florida!!! Like I said...fix your OWN shyte!!!  Let the mayor of las vegas strike up a deal and pour marketing money INTO florida begging floridians to visit las vegas.  There are a hair below 25 million a&&hol3s in florida. floridians could visit las vegas!!!  And las vegans and nevadans could return the favour and visit Disney...  In fact, all of america could visit there OWN phoquing country and do their own phoquing tourist vacations within their OWN phoquing dumb a$$ country!!! Canada and Canadians NEED to stay the PHOQUE away from shytty usa!!!  Get killed by an ice agent?  Phoque off!!! Get accosted by a border agent???  Phoque off!!! Get robbed by a desperate down and out american loser because he voted for trump and trump phoqued him?  Phoque off!!!  But you know what the REAL sad news is about this whole shyte???!!!   https://www.cbc.ca/news/canada/calgary/southern-alberta-mustangs-collision-9.7071643   Rest in Peace 3 Southern Alberta Mustang junior hockey players died in a car crash yesterday afternoon. 2 were from British Columbia and the other boy from Birmingham Alabama.  ALABAMA... The kid was from Alabama playing hockey. In CANADA!!!  And the reverse happens quite often. Kids from Flin Flon Manitoba, play in the States in hockey with US scholarships...   Kids from Boston come to Montreal  and play for McGill or Concordia and Montreal kids play for Boston College...  Its quite sad that trump has made us enemies...   Its even sadder that some americans have accepted it!!!   
    • I find it funny that the Mayor and other politicians are begging Canadians to return to Vegas, but Mexico has won out, so I do not see them returning and the amount of visitors to Vegas has dropped to levels from 2000 to 2003. Billions lost and deserved based on the stupidity of the U.S. Canadian airlines are abandoning Las Vegas at levels not seen since 2006
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search