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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

2017 Jeep Grand Cherokee Trailhawk is coming | Autoblog Mintue

The trail-focused luxury Jeep is coming to dealer lots soon. Autoblog's Brandon Turkus took a quick spin in the 2017 Jeep Grand Cherokee Trailhawk.

2019 Jeep Renegade revealed with a more mature, aggressive look

Jeep has finally revealed the refreshed 2019 Jeep Renegade compact crossover SUV. So far, only the exterior has been shown, and it does reveal a number of differences from the current model. At the front, we can see the Renegade now has available LED headlights similar to those offered on the Wrangler. The individual grille slats are wider with slimmer chrome bezels, which help to give it a more aggressive look. The front bumper has been completely redesigned, with the fog lights appearing to be bigger, and they now sit in the main lower grille. That grille is flanked by two triangular air inlets. Around back, the Renegade is nearly unchanged. The taillights are the only major change, and the dark red lights lend a more premium, mature look to the little crossover. We also see that the Renegade now sports an obvious grab handle for opening the rear hatch. Other details are scarce, as Jeep did not reveal much else with the two photos above. We've reached out to Jeep for more info but haven't received a response at the time of writing. We do know from the previous teaser of the new model that the Renegade will offer both three- and four-cylinder engines in Europe. The three-cylinder displaces 1 liter and makes about 120 horsepower, and the four-cylinder is available in two forms, one that makes 150 horsepower, and one that makes 180 horsepower. All of them are turbocharged. Spy shots have also hinted that the Renegade could also be getting a hybridized version. Related Video: Image Credit: Jeep Jeep Crossover SUV Economy Cars jeep renegade