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Guangzhou Automobile Group (GAC) has denied rumors that it would acquire a majority share in Fiat Chrysler Automobiles, a move that would likely involve purchasing large quantities of shares on the stock market (unless the founding Agnelli family was willing to sell, in a reversal of its past policy). Il Giornale had claimed inside sources, and their story was picked up by Reuters. GAC, which has a joint venture with FCA to make cars in China, […]
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