FCA's leap at the start, after the slide on the eve and on the cue of press rumors of an interest by the Chinese in Guangzhou Automobile Group (Gac). The stock is currently one of the best in the Ftse Mib, with a leap that in mid-morning was reduced to +1,6% but which had come close to +3% at 6,48 euros per share.
Today the newspaper writes that Guangzhou Automobile Group, already a partner of Lingotto in the joint venture that produces the Jeep Cherokee and Renegade in Changsha, would be ready to discuss the possibility of going beyond simple industrial cooperation. The Chinese giant, writes the newspaper citing rumors, would be considering making an offer for the majority of FCA.
Yesterday the stock had lost 6,7%, in an auto sector heavily penalized throughout the Old Continent and on the downgrading by analysts of Exane BNP Paribas who cited the risks of a bubble in car sales with the leasing formula.
