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China's Great Wall confirms its interest — in Jeep, or all of FCA

HONG KONG/SHANGHAI — Chinese automaker Great Wall Motor reiterated its interest in Fiat Chrysler Automobiles NV on Tuesday, but said it had not held talks or signed a deal with executives at the Italian-American automaker. China's largest sport utility vehicle manufacturer made a direct overture to Fiat Chrysler on Monday, with an official saying the company was interested in all or part of FCA, owner of the Jeep and Ram truck brands. Automotive News first reported the news, quoting Great Wall Motor President Wang Fengying as saying she planned to contact FCA to discuss acquiring the Jeep brand specifically. Those comments sent FCA shares higher but also raised questions over the ability of China's seventh-largest automaker by sales to buy larger Western rival FCA, or even Jeep, which some analysts value at as much as one-and-a-half times FCA. Great Wall sought to dampen speculation on Tuesday. It confirmed it had studied Fiat Chrysler, but said there was "no concrete progress so far" and "substantial uncertainty" over whether it would eventually bid. "The company has not built any relationship with the directors of FCA nor has the company entered into any discussion or signed any agreements with any officer of FCA so far," the company said in an English-language stock exchange filing. It did not give further detail. Fiat Chrysler stock dipped on the statement on Tuesday. Great Wall said trading in its Shanghai-listed shares would resume on Wednesday after having been suspended. Fiat Chrysler declined to comment on Great Wall's statement. On Monday, it said it had not been approached and was fully committed to implementing its current business plan. FLUSHING OUT RIVALS? Great Wall Motor, which was early to spot China's love of SUVs, had revenue of $14.8 billion last year and sold 1.07 million vehicles - but that compares with FCA's 2016 revenue of 111 billion euros ($130.6 billion). Analysts said Great Wall would need to raise both debt and equity to complete any deal, meaning its chairman Wei Jianjun could lose majority control. One possible scenario, according to analysts at Jefferies, would see Wei keeping a roughly 30 percent stake, while Great Wall would raise $10-$14 billion in debt and $10 billion in equity - hefty for a group currently worth just $16 billion. Ultimately, politics could be the clincher.

Google Waymo's self-driving car is a modified Chrysler Pacifica Hybrid

For the time being, this is what Google's self-driving car project will look like: FCA is delivering 100 Chrysler Pacifica Hybrids to Google's Waymo self-driving offshoot. According to FCA, the Pacificas are currently being outfitted with Waymo's autonomity equipment, and testing will commence early next year. The setup includes sensors and on-board telematics, and there will be changes made to the vehicle's powertrain and electrics to help it function better as an autonomous vehicle. It's closer to a Jurassic Park style Ford Explorer than something built completely from scratch, but using a minivan platform has helped the project advance rather rapidly. John Krafcik, the CEO of Waymo says that FCA's product development and manufacturing teams have helped them greatly: "FCA's product development and manufacturing teams have been agile partners, enabling us to go from program kickoff to full vehicle assembly in just six months", says Krafcik. In addition to Waymo's test facilities in California, the initial Pacificas have been tried and tested at FCA's proving grounds in Michigan and Arizona. The modifications have been tailored at a joint effort powerhouse in southeastern Michigan. The production Pacifica Hybrid is rated at 84 MPG3 by the EPA. The plug-in hybrid powertrain consists of a 3.6-liter Pentastar unit converted to an Atkinson cycle and a 16kWh Lithium-ion battery. Related Video: Featured Gallery Waymo/FCA Pacifica Image Credit: FCA Chrysler PHEV

Waymo bids its self-driving bubble cars farewell

Say goodbye to Waymo's quirky bubble-shaped autonomous cars. Google's former self-driving car division is retiring its fleet of "Fireflies" - also known as "koalas" and "gumdrops," among many other nicknames - to focus on integrating its technology into more traditional vehicles. It particularly aims to give more people access to its self-driving technology through a fleet of 600 Chrysler Pacifica minivans, which the team has equipped with its latest custom-built radar, lidar and vision systems. The minivans also come with Waymo's newest AI platform that can see farther and more clearly. Plus, they run like normal vehicles do, unlike the Fireflies, which are limited to 25mph. This move doesn't exactly come as a surprise. A report from late 2016 said Alphabet's Larry Page scrapped Waymo's plans to manufacture bubble-shaped driverless vehicles to make the company's strategy more feasible. It said Page's new plan involves collaborating with automakers to design and make cars with no pedals and steering wheels that use Google's self-driving tech. Shortly after that report came out, Waymo introduced its heavily modified Chrysler Pacificas with altered electrical, powertrain, chassis and structural system to accommodate the extra weight of the company's equipment. While Waymo will no longer use its Fireflies for future tests, you can still catch a glimpse of the cute bubble cars in various locations. This August, they'll be on display at the Arizona Science Center in Phoenix before making their way to the The Thinkery in Austin, Texas, this October. You'll also find a Firefly at the Computer History Museum in Mountain View, California and another at the Design Museum in London.Written by Mariella Moon for Engadget. Waymo Related Video: