Fiat declines to comment on spinoff rumors

MILAN (AP) - Fiat Chrysler Automobiles has declined to comment on inquiries involving potential deals with other carmakers for strategic assets, in response to a request from Italian market regulator Consob.

Fiat Chrysler shares have been trading higher after Chinese SUV maker Great Wall said it was interested in buying the Jeep Brand.

Fiat denied any approach by Great Wall last week, but the Chinese carmaker's interest was enough to fuel additional speculation that the Italian-American carmaker could spin off such brands as Maserati and Alfa Romeo, sending the stock higher.