Newsclip®: [Business] Fiat Chrysler shares jump, then dip as GAC denies interest in stake

"LONDON/BEIJING: Fiat Chrysler Automobiles (FCA) shares jumped early on Wednesday on a report that China's Guangzhou Automobile Group Co (GAC) was interested in buying a stake, but gave up most gains when the Chinese company denied the report. Italian newspaper Il Giornale had reported GAC was considering making an offer for a majority stake in the Italian-American carmaker, but a GAC Group spokeswoman said there were `currently no plans for this`.The two companies already have a partnership", www.brecorder.com


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