Chinese car firm could buy Jeep

China’s Great Wall Motors has confirmed its interest in bidding for all or part of Jeep maker Fiat-Chrysler Automobiles.

There has been speculation over Chinese interest in Fiat-Chrysler Automobiles since Automotive News reported last week that an unidentified “well-known Chinese automaker” made an offer earlier this month, triggering a jump in Fiat-Chrysler Automobiles’s Milan-listed shares.

“With respect to this case, we currently have an intention to acquire. We are interested in Fiat-Chrysler Automobiles,” a Great Wall Motors spokesman said.