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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

Recharge Wrap-up: Fiat 500e on sale in Oregon, Germany to offer EVs free parking

The 2015 Fiat 500e is now available in Oregon. The new 500e features an updated center console, as well as two new exterior colors: Luce Blu (which Fiat describes as light blue with a pearl finish) and Celeste (light blue). The 2015 500e is available for lease in California and Oregon for $199 a month for 36 months, plus $999 down. Fiat offers 500e owners and lessees 12 days of free rental per year through Enterprise in the first three years of ownership for days when the driver needs something with greater range or capacity than their small EV. Read more in the press release below. Germany moves to offer free parking to EVs in an attempt to encourage their adoption. The German cabinet has backed the bill, set to begin in spring 2015, which would also include certain hybrids in the free parking scheme. The eligible cars will get some sort of special label to make them more recognizable. Germany has a target of 1 million EVs on its roads by 2020. Read more at Bloomberg. Researchers at Oak Ridge National Laboratory have determined that the best automotive use of natural gas is to provide electricity for EVs. In a well-to-wheels analysis, using the natural gas to power efficient turbines to produce electricity uses less energy and produces fewer emissions than other fuels, including on-board CNG. The research also concludes that CNG cars are a viable option, particularly if the fuel could be integrated into hybrid vehicles. The study digs into other future technologies, and what they might mean for overall energy use compared to using natural gas as a stationary power source for EVs. Read more over at Green Car Congress. Scientists have created a new device to generate electricity from wind. Wind passing through the device causes gold-plated "tongues" to rub against PTFE tape, generating electricity using the triboelectric effect. Researchers created a triboelectric generator prototype that fit on top of a car in order to test it out. While mounting it on a vehicle may not necessarily be an ideal way to generate electricity for practical purposes, the test showed that the device works to produce a certain amount of energy at a specific windspeed, It could certainly be useful in stationary applications at the least, and might have further-reaching implications for generating electricity through wind or friction. Read more at Gizmodo.

Abarth trim of Fiat 124 Spider reportedly debuts in Geneva

Keep your eyes open for the possible debut of the high-performance Abarth version of the Fiat 124 Spider at the Geneva Motor Show, which opens March 1. Alfredo Altavilla, FCA's chief operating officer for Europe, told Italian newspaper Corriere Della Sera the hotter droptop would debut in Switzerland, according to Road & Track. Unfortunately, he simply said the convertible would be there and didn't offer any details about its upgrades. Rumors paint a fairly complete picture about what to expect from the Abarth 124. European models would likely make 170 horsepower from a tuned version of the regular one's 1.4-liter turbocharged engine. However, there would also be an even hotter EsseEsse trim, which the US would get, with around 220 horsepower. Achieving that much power might require a new engine, and it's possible the convertible could borrow the 1.75-liter turbo unit from the Alfa Romeo 4C. Spy shots show the Abarth has a more aggressive look to match its extra performance. The body features larger front takes, bigger side sills, and dual-exit exhausts at each corner of the rear. Reports also suggest Fiat would borrow from the classic 124 Spider by offering options like a removable hardtop and blacked-out hood. During the standard 124 Spider's debut at the LA Auto Show, Olivier Francois, global head of the Fiat brand, said the company plans to market the new convertible as a relatively affordable but distinctly Italian sports car. A Ferrari might be out of a buyer's reach, but a Fiat is attainable. The Abarth's extra performance seems like a perfect way to further that message, and we can't wait to see it. Related Video: