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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.

All Fiat 500 production moving to Poland by 2015?

With the next-generation Fiat 500 expected to debut in 2015 with more of a global presence, there is a growing possibility that production of the cute little hatchback will be consolidated to a single plant in Poland. According to Automotive News Europe, Fiat plans to end production of the 500 in Toluca, Mexico, which is expected to better fill Fiat's European production capacity, free up more North American capacity and create a single Fiat 500 design for all markets.
Currently, Fiat builds two similar but structurally different 500 models for Europe and North America, and assembling just one version at the Tychy, Poland would allow it to cut costs for development of the new car. This would also help fill some of the capacity void that Tychy has suffered in recent years, building just 300,000 units last year compared to more than double that in 2009. The report says that while Chrysler's North American production capacity is near its limit, Fiat's European plants will be used to meet increased demand before a new plant is built in North America. As for Toluca, there is no indication as to what vehicle Chrysler would replace the 500 with at this facility, which also builds the Dodge Journey.

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.