Sergio Marchionne

Fiat declines to comment on spinoff rumors

Fiat Chrysler Automobiles said Friday that it evaluates any potential industrial deals that come its way, but that it had nothing to add to a previous statement that it had not been approached by the Chinese SUV maker Great Wall with an offer for its Jeep brand.

In response to a request from Italy's stock market regulator following a sharp rise in the company's share price, Fiat Chrysler said it won't be providing a running commentary on market speculation.

Fiat shares have soared in recent days on speculation that CEO Sergio Marchionne's final industrial plan, set to be revealed at the beginning of next year before his 2019 departure, might contain a spin-off of one of...

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