2014 Fiat 500 Pop on 2040-cars

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To grease the skids for Stellantis, PSA offers to boost Toyota's fortunes

BRUSSELS/MILAN — Peugeot maker PSA has offered to boost Japanese rival Toyota to try to address EU antitrust concerns about its plan to create the world's fourth-biggest carmaker, to be called Stellantis, by merging with Fiat Chrysler, people familiar with the matter said on Friday. PSA has offered to increase the production capacity for Toyota in their van joint venture, one of the sources said. Another source said the French company would sell the vans at close to cost. PSA makes vans for Toyota in its Sevelnord plant in northern France. The van collaboration started in 2012. PSA submitted its offer to the European Commission earlier on Friday, three months after the EU enforcer opened a full-scale investigation into the deal with FCA on concerns that it would hurt competition in small vans in 14 EU countries and Britain. "As of now, the transaction has obtained merger clearance in 14 jurisdictions. As previously stated, closing of the transaction is expected to occur in the first quarter of 2021," PSA and FCA said in a joint statement. The Commission, which temporarily halted its investigation into the deal in July while waiting for the companies to provide requested data, did not set a deadline for its decision. "The deadline is still suspended. This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them," the EU executive said. It is now expected to seek feedback from customers and rivals before deciding whether to demand more concessions, or either clear or block the deal. Government/Legal Chrysler Fiat Peugeot Stellantis

Say hi to our new long-term 2016 Fiat 500X

We always get pretty excited when a new long-term car shows up. This Fiat 500X was a very welcome addition, as it was immediately put into the summer road-trip rotation. Since it arrived a few weeks back, it has already been to "Up North" Michigan (what we call the northern part of the lower peninsula – don't ask) three times. There's an unboxing video above with the highlights, and below we'll explain in a little more detail which options we chose and why. What we got The collective brain trust here chose the top trim level, Trekking Plus. While we tend to try and avoid the fanciest model, it was cheaper to go with a Trekking Plus rather than option up a Lounge model to get everything we were really interested in. (It's confusing – check out the "Compare Packages" link on the 500X configurator to see what we mean.) The color is called Verde Toscana – that's Tuscan Green for us Americans, and we chose the brown leather instead of black. The Trekking Plus has the 2.4-liter Tigershark four-cylinder and a nine-speed automatic transmission. (More on that soon.) It also has nearly everything you can put in one of these small crossovers, including Uconnect infotainment with navigation, a separate color screen between the gauges, blind-spot monitoring, rear parking sensors with cross-traffic detection, a rearview camera, selectable driving modes, remote start, and 18-inch wheels. We also happen to think the Trekking Plus has the most attractive exterior package among the 500X lineup. The trim names (Pop, Easy, Trekking, Lounge, Trekking Plus) could use some work, though – but hey, it's Italian. What we skipped We bucked the Michigan trend and went with front-wheel drive instead of all-wheel, saving us a theoretical $1,900. We'll put winter tires on it when the snow comes, which should be all we need to get through that six-month season of bleakness. There are some extra-cost paint options, all of which add $1,000, but we decided green looked best and had a price of $0. There are two packages available on the Trekking Plus – the imaginatively named Collection 1 and Collection 2 – but neither really appealed to us, so we skipped them. So you know what we're missing out on, Collection 1 is a big dual-pane sunroof and Beats audio, while Collection 2 is the same dual-pane sunroof packaged with auto high-beams, automatic wipers, lane departure with lane-keeping, and forward-collision braking.

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.