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2014 Jeep Cherokee will keep Liberty designation in China... sort of

Chinese buyers will get their first live look at the 2014 Jeep Cherokee during the Shanghai Motor Show, but CarNewsChina is reporting that it will go by a different name - Ziyou Guan, which translates to "Liberty Light." The article states that our Jeep Liberty was never sold in China, but the iconic XJ Cherokee was sold and produced there as the Qinuoji (a phonetic translation of Cherokee).
The new Jeep Liberty Light will be built alongside the Fiat Viaggio (China's Fiat-badged version of the Dodge Dart) at the Guangzhou-Fiat plant, and the two models will share the same powertrains: a 1.4-liter turbocharged four-cylinder base engine paired to a five-speed manual or a dual-clutch transmission and a 2.4-liter four-cylinder (the base engine for the US-spec 2014 Cherokee) as an optional engine. It doesn't sound like the 3.6-liter Pentastar V6 will be offered in China.
We'll be on hand when the new Jeep debuts in Shanghai, so stay tuned to Autoblog this Friday night and Saturday for our live coverage of the show.

Stellantis moves to set up its own lending unit

Stellantis is buying Houston-based auto lender First Investors Financial Services Group to set up its own finance arm in the U.S., a move that should support sales and eventually boost profit. The only major traditional automaker in the U.S. without its own finance company agreed to pay $285 million to a group of investors led by Gallatin Point Capital and Jacobs Asset Management, according to a statement. The transaction is expected to close by year-end. Stellantis was formed via the merger between Fiat Chrysler and PSA Group early this year. Carlos Tavares, the PSA boss who became the combined company’s chief executive officer, called the deal to acquire First Investors a milestone that will increase earnings and enhance customer loyalty. “Direct ownership of a finance company in the U.S. is a white-space opportunity which will allow Stellantis to provide our customers and dealers a complete range of financing options,” Tavares said Wednesday in the statement.  Having an in-house finance company has helped rivals General Motors Co. and Ford Motor Co. pad profits, especially during the global semiconductor shortage that has limited production and crimped sales. GM bought subprime lender AmeriCredit Corp. in 2010 and renamed it GM Financial. The operation generated a $2.76 billion profit in the first half -- roughly a third of the companyÂ’s adjusted earnings before interest and taxes. Trouble for Santander? The First Investors acquisition could spell trouble for Chrysler Capital, the operation that Santander Consumer USA Holdings Inc. and Chrysler set up in 2013 before the U.S. automaker completed its merger with Fiat. In a statement, Santander Consumer said itÂ’s committed to supporting Stellantis through the term of their existing agreement and its transition. Santander Consumer will also have “ongoing conversations with Stellantis about long-term mutually beneficial opportunities beyond 2023,” the company said, adding that its consumer business remains strong and has “delivered solid results for our shareholders.” This, along with support from its parent company, will allow the lender to “pursue additional opportunities as they arise.” The lenderÂ’s U.S.-listed stock fell 1.5% in New York trading Wednesday after Bloomberg reported Stellantis was preparing to announce a new finance partner. Stellantis shares rose as much as 1.3% in Paris trading Thursday.

2018 Jeep Grand Cherokee Trackhawk Drivers' Notes | Haulin' the groceries

Powered by the same supercharged Hemi at the heart of Dodge's Hellcat cars, the 2018 Jeep Grand Cherokee Trackhawk is the sort of vehicle that comes from a " Why not?" attitude from the maniacs at SRT. It's not for the faint of heart, nor for the cash-strapped. With 707 horsepower and 645 pound-feet of torque, it's capable of a 0-60 sprint of just 3.5 seconds. Its base price, however, is $86,995, though our tester's sticker totaled just a few bucks shy of $100,000. Senior Editor, Green, John Beltz Snyder: "What business does a Jeep have going 0-60 in 3.5 seconds?" This was my thought as I merged into rainy rush-hour traffic on Woodward Avenue in the 2018 Jeep Grand Cherokee Trackhawk. "Why does an SUV need to have 'Track' in the name?" I thought as I unintentionally broke the tires loose pulling away from a stoplight. I hit the "Eco" button, but the Jeep still roared with every toe-tap, and still managed to gulp down nearly a quarter of a tank of gas on my ride home. That sound, though, is amazing, and surely more unsettling to other drivers coming from such a big beast of a ute. Anyway, this Jeep feels more grown-up than other Hemi-powered vehicles I've driven. The fit and finish in this $99,000 Jeep is far nicer than, say, the Dodge Durango SRT (though at a much higher cost). If another driver didn't pay close attention to the badging, they might see this and think it just another Jeep. The sound, though, will give it away every time. Associate Editor Joel Stocksdale: If Fiat-Chrysler knows how to do anything, it's making fast SUVs, and the Grand Cherokee Trackhawk is further proof of that. And by that I mean, they know how to make them fast, and they know how to make them pleasant to drive. The Trackhawk definitely handles the fast part better than its SRT Durango and SRT Grand Cherokee cousins, what with its extra 230-odd horsepower. This big beast seriously rockets when you punch the throttle. The nose rises up, the supercharger screams, the exhaust rumbles and the speedometer ticks up much faster than you'd ever think. And it feels strong at all revs. Also impressive is that you don't have to really think when flooring it. The all-wheel-drive and fat tires offer so much grip the Jeep simply goes. The pleasant to drive part comes in the fact that the Trackhawk is very comfortable. The suspension has plenty of give, providing a good ride over pockmarked Motown roads.