China

China's Great Wall sets sights on Jeep

The Jeep display at the Guangzhou auto show in China in Nov. 2016. Spinning off the Jeep brand could prove to be a massive, complex undertaking for FCA and any buyer. (BLOOMBERG)
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More about Great Wall
  • Founded: 1984
  • Rank: 7th largest automaker in China
  • Chinese market share: 3.8%
  • 2016 sales: 1.1 million vehicles, with SUVs making up 933,000
  • Challenges: Domestic rivals such as Zhejiang Geely Automobile Co. have rolled out a slew of crossovers. Great Wall's sales are up just 2.3% to 460,743 vehicles in the 1st half of the year. Net profit may have plummeted 49% year on year to 2.5 billion yuan ($379 million), according to company estimates.
  • Brands: Great Wall and Haval
  • Global aspirations: In 2008, Great Wall's president, Wang Fengying, told Automotive News China the company expected to sell vehicles in the U.S. by 2013, but that never happened.
Source: Great Wall annual report, Automotive News reporting
CANADA01_308219947_H2_1_RUCIPGKPHLAX.jpg Wang Fengying, Great Wall's president, said the company has "connected with FCA."

Chinese automaker Great Wall Motor Co. told Automotive News it is interested in buying the Jeep brand and has reached out to Fiat Chrysler Automobiles to see whether a deal can be negotiated.

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