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Stellantis mega-merger gets approval from FCA, PSA shareholders

MILAN — Shareholders of Fiat Chrysler and PSA Peugeot decisively voted Monday to merge the U.S.-Italian and French carmakers to create worldÂ’s 4th-largest auto company. Addressing separate meetings, both PSA Peugeot CEO Carlos Tavares and Fiat Chrysler Chairman John Elkann spoke of the “historic” importance of the vote, which combines legacy car companies that helped write the industrial histories of the United States, France and Italy. Before the merger is finalized, shares in the new company, to be called Stellantis, must the launched. It will be traded in Milan, New York and Paris. The marriage of PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in a global market still suffering from the pandemic. The deal will create the worldÂ’s fourth-largest carmaker, with the capacity to produce 8.7 million cars a year, behind Volkswagen, Toyota and Renault-Nissan, and create 5 billion euros in annual synergies.  “We are fully aware of the fact that together we will be stronger than individually,'' PSA CEO Carlos Tavares told a virtual gathering of eligible shareholders. “The two companies are in good health. These two companies have strong positions in their markets.” The new company will put together under one roof French mass-market carmakers Peugeot and Citroen, top-selling Jeep and Italian luxury and sports brands Maserati and Alfa Romeo - pooling companies that have helped define the industry in the United States, France and Italy. While the tie-up is billed as a merger of equals, the power advantage goes to PSA, with Tavares running Stellantis and holding the tie-breaking vote on the 11-seat board. Tavares is set to take full control of the company early this year, possibly by the end of January. Fiat Chrysler chairman John Elkann, heir to the Fiat-founding Agnelli family and Fiat ChryslerÂ’s biggest shareholder, will be the Stellantis chairman. Fiat Chrysler CEO Mike Manley will head North American operations, which is key to Tavares' long-time goal of getting a U.S. foothold for the French carmaker he has run since 2014, and the clear money-maker for Fiat Chrysler. Such a deal was long wanted by Fiat ChryslerÂ’s long-time CEO Sergio Marchionne, who had predicted the necessity of consolidation in the industry. He was unable to find a deal before his sudden death in July 2018.

Seinfeld tours with Citro"en 2CV and French standup in latest CiCGC

Jerry Seinfeld has released his latest Comedians in Cars Getting Coffee, and the new episode is dedicated to all things French. Or at least as French as one can get in New York City. The show follows a 1950 Citroën 2CV and French comedian Gad Elmaleh as both try to endure Seinfeld's attempts to navigate the metropolis. Of course, Seinfeld and Elmaleh spend plenty of time stalled in the ancient piece of budget French engineering between stops at various French establishments around the city. There are French Fries, which turn out to be from Belgium, baguettes and, as you might expect, coffee.
You can watch the duo ham it up in the clip below. Our favorite moment? Watching the Citroën drop to one cylinder in downtown traffic. Hilarity ensues.

Citroen My Ami Buggy goes into limited production

Back in December, Citroen turned its tiny, low-speed electric Ami into a chunky little beach cruiser called the My Ami Buggy. It had fat tires and a bunch of off-road accessories that were probably more form than function, but it was a fun and funky little thing. Apparently a lot of people agreed and Citroen has made the decision to actually bring the My Ami Buggy to reality, though in extremely limited numbers. Like the concept, the My Ami Buggy features unique khaki-tinted plastic body panels. It also picks up a variety of exterior panels from higher trim Pop and Vibe variants, such as the bumpers, wheel arches, rear spoiler and such. There are also other concept-inspired touches such as the lime-yellow accents and arrows and contrasting black roof. Some things did change in the shift to production. Instead of no doors, the production model gets tube doors, like you'd find on many modded Jeep Wranglers. The extra fat tires and tiny wheels give way to more practical larger wheels and conventional tires. The wheels look great, though, in their khaki gold color and black center caps. There isn't a roof rack or auxiliary lights anymore, but the trade-off is that the My Ami Buggy gets a canvas roll-back roof for even greater open-air enjoyment. The inside of the My Ami Buggy features black fabric upholstery along with lime-yellow stitching and other accents, plus a few interior storage options. The floor mats continue the color scheme. And like all special editions, this car will get special badges and plates, one of which has possibly the best phrasing ever: "My Ami Buggy ULTRA SPECIAL LIMITED EDITION." Only 50 of the buggies will be built, and all of them will be sold in France. Pricing hasn't been set, but this is one ultra-limited edition car that will probably be affordable. After all, the base Ami starts at less than $10,000. If you happen to live in France and want to get one, they go on sale online on July 21 with deliveries starting on August 8. Related video: You Can Drive This 1 Horsepower Car On The Road Without A License | The List