Fiat Chrysler denies reports of being approached by Great Wall Motors for Jeep acquisition

Key highlights:

• Fiat Chrysler denied reports on Great Wall Motor approaching them for Jeep acquisition as rumours
• FCA is fully committed to its 2014-18 plan, it said
• Earlier reports said Great Wall Motor official had confirmed regarding FCA's Jeep acquisition

Fiat Chrysler Automobiles (FCA) has denied reports of being approached by Chinese automobile company Great Wall Motor's for the acquisition, part or whole, of its iconic Jeep brand. It confirmed that it has not been approached by Great Wall Motor's in connection with the Jeep Brand.

“In response to market rumors regarding a potential interest of Great Wall Motors in the Jeep brand, Fiat Chrysler Automobiles confirmed that it has not been approached by Great Wall Motors in connection with the Jeep brand or any other matter relating to its business,” the company said in a statement.

It further said that FCA is fully committed to its 2014-18 plan, having achieved each one of its targets to date and with only six quarter left to its completion.

While there were reports regarding rumours of the Great Wall Motor Co Ltd having interest in FCA for the acquisition, part of whole, of its brand Jeep and Ram trucks, a Reuters report quoting an official from the Chinese company confirmed the reports regarding this.

China's Great Wall confirms interest in Fiat Chrysler