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Fiat Chrysler shares rise on report of Guangzhou Auto interest


Cmicasa the Great

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MILAN -- Milan-listed shares in Fiat Chrysler Automobiles rose more than 3 percent today after a media report suggested that China's Guangzhou Automobile Group was considering making an offer for a majority stake in the automaker.

Il Giornale daily said in an unsourced report that Guangzhou Auto, which already has a joint venture with FCA in China, may be interested in buying a stake.

Autonews

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For sure this will make them a solid foreign company. 

 

Good thing is that the Chinese have no sense for wasting money but do believe in building garbage auto's. Could this be the end of Sergio as we know him?

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