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Dodge, Jeep and Ram could soon be owned by Chinese automakers

For the past several years, Fiat Chrysler CEO Sergio Marchionne has made it widely known that the automaker he helms is up for grabs. First, he sent an email to GM CEO Mary Barra, who immediately refused to even discuss a merger. Later, Marchionne set his sights on Volkswagen. That too was swiftly rebuffed. It seemed like no global automaker was remotely interested in a partnership. Now, Automotive News reports that several Chinese automakers have come calling, only FCA isn't ready to answer. At least not yet. The news broke this morning that a major Chinese automaker had made an offer to purchase FCA for slightly above market value. FCA refused, saying the offer wasn't quite generous enough. It's unclear which automaker made the offer, but Automotive News says there's more than one interested party. FCA representatives have recently traveled to China to meet with Great Wall Motors, while Chinese representatives were seen at FCA corporate headquarters in Auburn Hills, Mich. The Chinese government has a lot of money invested in local automakers. It's putting pressure on these automakers to expand globally, including to the United States. As it stands, it's a matter of when a Chinese automaker will start selling cars here, not if. Purchasing an established automaker with a wide range of products and a huge dealer network would do wonders in giving the Chinese a foothold here. Sure, Geely owns Volvo, but a luxury automaker doesn't have nearly as much reach as a more mainstream company like FCA. This seems like the best case scenario for both a Chinese automaker looking to move into the U.S. and for FCA, at least from a business standpoint. The latter doesn't seem to have any other interested parties. It will be interesting to see how FCA would sell a deal like this to the public. We're not sure everyone will be happy with Dodge, Jeep and Ram falling under Chinese ownership. FCA didn't turn down the Chinese because they didn't like the idea. It turned down the offer because there wasn't enough money on the table. Related Video: News Source: Automotive News Earnings/Financials Alfa Romeo Chrysler Dodge Fiat Jeep RAM

8 fastest depreciating cars in America

Getting a new car is an amazing experience. The fresh new scent, the barely touched interior, the double digit miles on your odometer, and... the depreciation once it leaves the car dealers lot? Maybe not that last one. To save you from the hurt of a quickly depreciating new car, we collected 8 of the fastest depreciating cars in America. And here's a surprise, one of them is a Toyota. Learn more at Autoblog.com Cadillac Infiniti Jeep Kia Lincoln Toyota Autoblog Minute Videos Original Video jeep compass cadillac xts infiniti q50 camry q50

Jeep Compass, Patriot will stick around for 2017 model year

The Jeep Compass and Patriot may be getting a little long in the tooth, but Fiat Chrysler Automobiles isn't ready to put them to pasture. At least not yet. According to Automotive News, FCA plans to continue producing both models until the end of this calendar year. That will also take them both into the 2017 model year as the manufacturer prepares to introduce their shared successor. Jeep will likely build a stockpile of Patriots and Compasses to bridge the gap until the new compact Jeep arrives. The move is just one of many FCA is making to trim unprofitable car models and increase crossover production. The Jeep Cherokee is set to move from its current home in Toledo, OH, to the plant in Belvidere, IL, where the Compass and Patriot are built; the same plant was also home to the recently discontinued Dodge Dart. With Cherokee production gone, the Toledo plant in turn is being retooled to increase Wrangler output by 50 percent, including temporary parallel production of both the new model and the existing one. Meanwhile the replacement for the Compatriots, as they're colloquially known together, is expected to debut this summer in Brazil. Production is slated to take place, both in Brazil and in Mexico, starting January 30, 2017, with production of the Compass and Patriot reportedly to continue in Belvidere until December 23 of this year. By that point, the Compass and Patriot will be a full decade old, having been introduced in 2006 as 2007 models. Along with the Dodge Journey, they're the last FCA products still based on the PM/MK platform shared with Mitsubishi. The Japanese automaker still produces several models on the version it calls GS, including the Outlander, Outlander Sport, and Lancer. Related Video: