(MENAFN- AFP) China's Great Wall Motor signalled on Monday its intention to make an ambitious offer to buy all or part of Italian-American car maker Fiat Chrysler Automobiles.
A deal would be a major coup for the Chinese auto industry but it may cause political waves in the United States, where President Donald Trump has railed against his country's trade imbalance with the Asian country.
"There is an intention to make the purchase," the spokeswoman told AFP, though she declined to say if the possible deal would be for the entire auto giant or just one of its brands.
The US car industry publication Automotive News reported earlier that Great Wall president Wang Fengying had said in an email that his company intended to buy FCA's Jeep brand.
"We are definitely going to take our intention to buy (FCA) seriously," the Chinese firm's spokeswoman said.
"As for the plans for later stages, doing what on which day, this is an issue for the strategy of the top management level," she said.
Great Wall's "interest in purchasing FCA highly fits our professional development path and strategy of globalisation", the spokeswoman said.
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