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Dongfeng and PSA extend Chinese joint venture

BEIJING/PARIS — China's Dongfeng and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA). Dongfeng said on Thursday it had agreed with PSA to extend the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA). Under the deal, the venture could get the rights to PSA's new brands in China and will benefit from new technologies and intellectual properties, the Chinese company said. PSA was not immediately available for comment. The announcement comes a day after the companies said Dongfeng would reduce its 12.2% stake in PSA by selling 30.7 million shares to the French company. Analysts said the move could smooth U.S. regulatory approval for PSA's roughly $50 billion (GBP38.97 billion) merger with Italian-American carmaker FCA. The sale of Dongfeng's shares in PSA, worth around 680 million euros ($757 million), will leave the Chinese group holding around 4.5% of the merged PSA-FCA, which is set to become the world's fourth-biggest carmaker by sales volumes. "As the cooperation between Dongfeng and PSA deepens, we expect the joint venture to continue making good progress in China," a Dongfeng representative said. On a conference call, Dongfeng said DPCA would have exclusive rights to PSA's Opel cars should the partners agree to bring the brand to China, and enjoy lower prices on car parts imported from PSA. Earlier this year, a document seen by Reuters showed Dongfeng and PSA plan to cut jobs at Wuhan-based DPCA and reduce its number of car plants to try to make the venture more profitable. Chrysler Dodge Fiat Jeep RAM Citroen Peugeot China FCA PSA Dongfeng

2018 Jeep Wrangler Rubicon Alaska Cannonball | The other Trans-America Trail

In 1941, when America needed heroes, Jeep answered the call. – "Jeep Joe" Sarette, Sales Associate, Outer Banks Jeep Chouteau, Okla. – Whoever's in charge of rain hates North Carolina. At least, that's what I thought two weeks ago, during the opening stages of my 14,000-mile overland trek in a Jeep Wrangler Rubicon, as rain pursued me from the Oregon Inlet National Park Campground on North Carolina's Outer Banks to the western edge of the "First in Flight" state. Then the rain traveled the Trans-America Trail with me through Tennessee, Mississippi, and Arkansas. When I arrived at the Love's Truck Stop in Chouteau, Oklahoma a few hours ago, it was raining. And it still is. And you know what? Don't care. Nearly three weeks into this wet and windy Rubicon Alaska Cannonball, there's but one word to describe it: supercalifragilisticexpialidocious. I hustled from Southern California to Atlanta, Georgia in two days. In the ATL I stuffed my gear in the Jeep, stuffed my face with Waffle House, and squeezed in a side trip to The Jeep Collection at Omix-ADA. Any Jeeper who ends up in the Atlanta area should make time for a visit. It's not huge, but it contains original and vital specimens of Jeep DNA, meticulously and colorfully explained by tour guide Dave Logan. And Logan was kind enough to loan me his personal snatch block since I'd somehow managed to forget that item in my recovery kit. Four days later, I departed for Oregon Inlet. That was the start of my Trans-America Trail, but I need to clarify that I'm not on original Trans-America Trail. The one most people know and read about was stitched together over a decade by a motorcycle rider named Sam Correro. When I researched this trip, Correro's trail didn't cross the country. It started in Tennessee. A little more Internet digging turned up another trans-America trail put together by another motorcycle rider called GPSKevin. His route starts further south in the Outer Banks, in Buxton, and covers similar local ground to Correro's trail all the way to Port Orford. I'm taking Kevin's route, but only because when I found it, it crossed the country and Correro's didn't. I'm going to refer to Kevin's trail as the TAT for simplicity.

This American Life spends a week selling Jeeps in Long Island

So you think you know car dealers? Well, maybe you do, but This American Life spent a month at Town and Country Jeep Chrysler Doge Ram in Long Island to give us a behind-the-scenes look (or listen, since it's a radio program) at what it's like to be a car dealer.
Yes, there's a lot of swearing in thick New York accents, frustration, confusion, and generally it's a madhouse at the dealership. But that's understandable when the sales staff has to sell 129 vehicles in October in order to get an $85,000 manufacturer bonus - with several other Jeep dealerships within a 10-mile radius.
The episode, 129 Cars, is worth a listen, but make sure you have 71 minutes to spare if you want to get through it in one sitting. Head here for the unedited version or here for the bleeped version (which is 58 minutes long).