Chinese automaker reportedly bids for Fiat Chrysler

A Chinese automaker reportedly made a quiet bid to acquire Fiat Chrysler Automobiles, raising the distinct possibility that the traditional member of the Detroit Three that was bailed out by U.S. taxpayers could wind up with Chinese ownership.

After years of pursuing a deal to gain greater global scale, the Italian-American automaker recently rejected an acquisition bid by an unidentified Chinese company, according to Automotive News.

The publication also reported that multiple Chinese automakers are weighing a similar bid for the maker of the Jeep, Ram, Chrysler and Dodge brands.

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