China’s Dongfeng Motor has no M&A plan for Fiat Chrysler: Dongfeng spokesman

BEIJING (Reuters) – Dongfeng Motor Group has no plans at the moment to acquire all or part of Fiat Chrysler Automobiles NV (FCA), a spokesman of the Chinese automaker said on Thursday in response to a question by Reuters.

“We currently have no plans,” said Zhou Mi, a Wuhan-based spokesman for Dongfeng Motor.

Zhou was responding via email to a question whether Dongfeng Motor was interested in acquiring all of FCA, just Fiat or Chrysler only, or a specific brand or technology that belongs to FCA. Dongfeng Motor Group is based in Wuhan.

Dongfeng Motor was one of several Chinese automakers cited in an Automotive News report on Monday that said representatives of “a well-known Chinese automaker” had made an offer this month for FCA and that other potential Chinese suitors were interested.

Other Chinese car makers mentioned in the Automotive News report included Great Wall Motors, Zhejiang Geely Holding Group, and Guangzhou Automobile Group.

Geely Automobile Holdings Ltd said on Wednesday it was not planning a bid for FCA.

Reporting By Norihiko Shirouzu; Editing by Muralikumar Anantharaman


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