Warranty, Certified Pre-owned, Low Miles on 2040-cars

Auto blog

Stellantis is official: FCA and PSA merger finally sealed

MILAN — Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the Italian-American and French automakers to finalize the $52 billion deal, during which the global economy was upended by the COVID-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. "The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today," the two automakers said in a statement. Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday. Now analysts and investors are turning their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE's bell with Chairman John Elkann. FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros ($6.1 billion) without plant closures, and investors will be keen for more details on how it will do this. Marco Santino, a partner at consultants Oliver Wyman, said he expected Tavares to disclose the outlines of his action plan soon, but without divulging too many details at first. "He has proven to be the kind of person who prefers action to words, so I don't think he will make loud statements or try to over-sell targets," he said. Like all global automakers, Stellantis needs to invest billions in the years ahead to transform its vehicle range for the electric era. But other pressing tasks loom, including reviving the group's lagging fortunes in China, rationalizing its huge global empire and addressing massive overcapacity. "It will be a step by step process, also to allow the market to better appreciate every single move. I don't think we will have all the details before one year," Santino said.

2017 Fiat 124 Spider: Japanese bones, Italian flair

Fiata! Fiat + Miata. That's exactly what we have here in the new 124 Spider that officially debuts in Los Angeles this week. FCA leveraged Mazda's excellent fourth-generation MX-5 Miata platform, but created something rather unique in the process. Yes, it's more than just a rebadged Mazda. See what we mean with a lot more detail, here. The big difference is design, Fiat having incorporated totally new sheetmetal for the 124 Spider. It's a polarizing look, perhaps not as friendly as the Mazda, and Fiat says it pays homage to the original 124 Spider from long ago. There's an upright fascia with rounded lamps and a nice LED running lamp signature, mimicked out back with squared-off taillamps with LEDs that light up the outline of the taillamp housings. Curves and lines abound, making the Fiat an interesting roadster to behold. Under the hood lies Fiat's 1.4-liter, turbocharged, inline four-cylinder engine, plucked from the 500 Abarth. It makes 160 horsepower and 184 pound-feet of torque, and can be mated to either a six-speed manual or automatic transmission. Fiat's quite insistent that its 124 Spider has the soul of a proper Italian roadster, and from some short teaser videos we were able to watch, it sounds like the little droptop will offer plenty of raspy, throaty, aural delight. The interior is, well, straight from the Miata, right down to the control knobs for the HVAC system, infotainment screen (no UConnect here), and window switches. But that also means the roof is easy to unlatch and throw back, the seats are surprisingly comfortable, and there's ample room for even larger drivers. Fiat will launch the 124 Spider next summer, and the first 124 examples will be offered in a limited-edition Prima Edizione Lusso trim, with individually numbered badges. Those first samples will be available in a unique Azzurro Italia (read: blue) paint. Read Fiat's full press release below for more details, and don't forget to check out or deep dive about how this car stacks up agains the Miata on which its based. All-new 2017 Fiat 124 Spider Revives Legendary Nameplate with Iconic Italian Styling and Dynamic Driving Experience - 2017 Fiat 124 Spider returns nearly 50 years after original introduction Revival of roadster continues expansion of FIAT brand in North America - Delivers iconic Italian style with modern adaptation of original Spider legend - Powered by turbocharged MultiAir 1.4-liter engine for 160 horsepower and 184 lb.-ft.

US prepares to sue Fiat Chrysler over diesel emissions testing

NEW YORK - The Justice Department plans to file a civil lawsuit against Fiat Chrysler Automobiles NV over excess diesel emissions as early as this week if no agreement is reached with the Italian-American automaker, two sources briefed on the matter said on Wednesday. The Environmental Protection Agency in January accused FCA of illegally using undisclosed software to allow excess diesel emissions in about 104,000 cars and SUVs, the result of a probe that stemmed from regulators' investigation of rival Volkswagen AG. The EPA and California Air Resources Board have been in talks with FCA about the excess emissions and whether the agencies would approve the sale of 2017 FCA diesel models. A federal judge in California has set a May 24 hearing on a series of lawsuits filed by owners of vehicles against Fiat Chrysler and the Justice Department is expected to file its action by then if no agreement is reached. FCA said on Wednesday it believed that any litigation would be "counterproductive" to ongoing discussions with the EPA and California Air Resources Board. The company added that "in the case of any litigation, FCA US will defend itself vigorously, particularly against any claims that the company deliberately installed defeat devices to cheat U.S. emissions tests." The Justice Department took the same procedural step in early 2016 against Volkswagen, nearly four months after the German company admitted using software to emit excess diesel emissions in nearly 500,000 vehicles. The Justice Department has had an ongoing criminal investigation into FCA's conduct since last year, Reuters reported in January. The probe has turned up internal emails written in Italian and other documents about engine development and emissions issues, sources briefed on the probe said. U.S. regulators said FCA failed to disclose engine management software in 104,000 U.S. 2014-2016 Jeep Grand Cherokees and Dodge Ram 1500 trucks with 3.0-liter diesel engines. The European Commission has launched legal action against Italy for failing to respond to allegations of emission-test cheating by Fiat Chrysler in a procedure that could lead to the country being taken to court. The EPA has said the maximum possible fine against FCA could be $4.6 billion. In February, FCA said it had received requests for information and subpoenas from U.S. federal and state authorities, including the Securities and Exchange Commission, for diesel issues.