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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.

Here's how to build the Hellcat-powered Dodge Magnum/Charger widebody wagon of your dreams

Dodge would undoubtedly offer a fire-breathing, Hellcat-powered variant of the Magnum if the model was still in production. It retired in 2008, and it's not coming back anytime soon, so Las Vegas-based tuner Jaye Fab is taking the matter into its own hands. It's developing a conversion kit that transforms an unsuspecting Magnum into a wide-bodied Charger wagon, and it plans to make it available to the public in the near future. If the name Jaye Fab sounds familiar, it's likely because it already made headlines in 2015 when it grafted the front end of a Charger onto a Magnum, gave the wagon a coat of can't-miss-it red paint, and drove it to SEMA. Its latest project takes the concept of a modern-day Dodge wagon a step further with a full body kit that includes wide fender flares and side skirts, among other add-ons. It's a work in progress, but we can already tell it's going to turn more than a few heads when it's finished. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We don't know which engine the donor Magnum was powered by when it drove into Jaye Fab's shop. What's more interesting is the one it will leave with: a supercharged 6.2-liter Hellcat V8 from a Charger. The eight-cylinder develops 707 horsepower and 650 pound-feet of torque in its standard configuration, and we wouldn't be surprised if it picks up a few additional horses before Jaye Fab lets it loose on the streets of Las Vegas. The firm has done a stellar job at documenting the build on its Instagram account, and AutoEvolution learned it plans to make the kit available to Magnum owners who want a more modern-looking front end in the not-too-distant future. The mighty Hellcat V8 isn't included, but Mopar sells crate engines in search for tires to roast.

QB says University of Alabama offered him a Corvette to play football

The University of Alabama Crimson Tide football team could be in some hot water, following a pair of posts on social media.
The first post was sure to raise a few eyebrows on its own. It's an Instagram of sophomore running back Derrick Henry standing in front of his new Dodge Challenger (we're guessing it's an R/T based on the fender stripes). Complete with a custom set of wheels, the image was enough to trigger more than a few questions about where an unemployed student-athlete came up with the money for such a purchase. Now, this could be harmless. Henry, flush with a full-ride to Bama could have convinced his parents to get him something nice with his college fund.
The second post, though, is a straight-up accusation. It comes from former West Virginia Mountaineer and current CFL quarterback Pat White, who posted the following on his Facebook page.