2001 Chrysler Town & Country Lx (43661b) ~ Absolute Sale ~ No Reserve on 2040-cars

Auto blog

France tries to dodge blame for blowing up FCA-Renault merger deal

PARIS — France sought to fend off a hail of criticism on Thursday after it was blamed for scuppering a $35 billion-plus merger between carmakers Fiat-Chrysler and Renault only 10 days after it was officially announced. Shares in Italian-American FCA and France's Renault fell sharply in early trading after FCA pulled out of talks, saying "the political conditions in France do not currently exist for such a combination to proceed successfully." French finance minister Bruno Le Maire said the government, which has a 15% stake in Renault, had engaged constructively, but had not been prepared to back a deal without the endorsement of Renault's current alliance partner Nissan. Nissan had said it would abstain at a Renault board meeting to vote on the merger proposal. However, a source close to FCA played down the significance of Nissan's stance in the discussions, believing French President Emmanuel Macron was looking for a way out of the deal after coming under pressure at home. Context The FCA-Renault talks were conducted against the backdrop of a French public outcry over 1,044 layoffs at a General Electric factory. The U.S. company had promised to safeguard jobs there when it acquired France's Alstom in 2015. The collapse of the deal, which would have created the world's third-biggest carmaker behind Japan's Toyota and Germany's Volkswagen, revives questions about how both FCA and Renault will meet the challenges of costly investments in electric and self-driving cars on their own. The merger had aimed to achieve 5 billion euros ($5.6 billion) in annual synergies, with FCA gaining access to Renault's and Nissan's superior electric drive technology and the French firm getting a share of FCA's lucrative Jeep and Ram brands. FCA has long been looking for a merger partner, and some analysts say its search for a deal is becoming more urgent as it is ill-prepared for tougher new regulations on emissions. It previously held unsuccessful talks with Peugeot maker PSA Group, in which the French state also owns a stake. French budget minister Gerald Darmanin said the door should not be closed on the possibility of a deal with Renault, adding Paris would be happy to re-examine any new proposal from FCA. "Talks could resume at some time in the future," he told FranceInfo radio.

FCA CEO Mike Manley will take undefined new role after PSA merger

MILAN — Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot, Chairman John Elkann said on Wednesday. In a letter to Fiat Chrysler (FCA) employees on the day the two companies announced a binding agreement for a $50 billion tie-up to create the world's fourth-largest carmaker, Elkann said he was "delighted" that the combined group would be led by current PSA CEO Carlos Tavares. "And Mike Manley, who has led FCA with huge energy, commitment and success over the past year, will be there alongside him," he said. He did not say what position Manley would hold. Elkann — who will chair the new group — said there was still much to be done to complete the merger. "Over the coming months we must work tirelessly and determinedly to fulfill all the approval requirements needed to finalize the commitment we have signed," he said. Related Video:     Hirings/Firings/Layoffs Chrysler Dodge Fiat Jeep RAM Citroen Peugeot FCA PSA merger Mike Manley carlos tavares

2017 Chrysler Pacifica Hybrid starts at $43,090, or just over $35,000 with a tax credit

Chrysler has announced pricing for its 2017 Pacifica Hybrid plug-in minivan, and with the federal tax credit, it's priced similarly to mid-range vans. The Hybrid Premium starts at $43,990, or $35,590 after the credit, and the Hybrid Platinum starts at $46,090, or $38,590 with the credit. In Chrysler's line-up, these are close in cost to the Touring L and Touring L Plus Pacifica models, as well as mid-level trims on competitors' minivans. The big difference being that the Pacifica Hybrid provides up to 30 miles of electric range on a full charge and an 80 MPGe rating in the city. The Pacifica Hybrid is equipped similarly to the mid-range Pacificas. The Premium trim comes standard with leather seats all around, seat heaters for the front, remote start with pre-conditioning, three-zone automatic climate control, active noise cancellation, 7.3 inch color display in the instrument panel, and the SafetyTec package. This package includes features such as rear park assist and blind-spot monitoring. The Platinum trim adds Nappa leather and front ventilated seats, a heated two-tone steering wheel, 13-speaker sound system, Uconnect Theater rear entertainment, and a programmable key for young drivers (or sketchy-looking valets). At a potential price of just over $35,000, the Pacifica Hybrid is an appealing package, since it's a plug-in hybrid with usable range and loads of space. However, this is the case as long as the tax credit holds out. Once the credit is no longer available, the Pacifica Hybrid will top the line for pricing. At that point, its value proposition will have to be weighed more heavily against its green cred and driving dynamics. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.