Is one of Detroit’s Big Three for sale to the Chinese?
Fiat Chrysler Automobiles has reportedly rejected an acquisition bid by a Chinese automaker — but a variety of analysts and observers within the auto industry believe it could be just a matter of time before FCA is given an offer it would be willing to accept.
FCA was formed by the merger of Italy’s Fiat and Chrysler shortly after the Detroit carmaker emerged from its 2010 bankruptcy with the help of a massive federal bailout. Over the last several years, however, FCA Chief Executive Sergio Marchionne has made it clear he is looking for another partner and might alternately consider the sale of all or part of his company.
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