2021 Ram 1500 Classic Warlock Quad Cab 4x4 6'4" Box on 2040-cars

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Stellantis not looking for further mergers, including with Renault

MILAN — Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on the execution of its long-term business plan. "There is no plan under consideration regarding merger operations with other manufacturers," said Elkann, who also heads Exor, the Agnelli family holding company that is the largest single shareholder in Stellantis. After abandoning the Russian market, at the time its second largest after France, and reducing the scope of its global cooperation with Nissan, Renault has been seen as a potential M&A target. Speculation intensified after an electric vehicle market slowdown forced it last week to cancel IPO plans for its EV and software unit Ampere. Its market cap remains stubbornly low at little over 10 billion euros ($10.8 billion) despite a financial recovery over the past few years. Stellantis, the product of a 2021 merger between France's PSA and Fiat Chrysler and one of the most profitable groups in the industry, has a market cap of more than 85 billion euros when unlisted shares are factored in. It has a 14 brand portfolio also including Citroen, Jeep, Opel and Alfa Romeo. NEWSPAPER REPORT Italian daily Il Messaggero had said on Sunday that the French government, which is Renault's largest shareholder and also has a stake in Stellantis, was studying plans for a merger between the two groups. A spokeswoman for Renault said on Monday the group did not comment on rumors. France's Finance Ministry had declined to comment on Sunday. Stellantis has crossed swords with the Italian government, which has accused it of acting against the national interest on occasions. Industry Minister Adolfo Urso last week raised the prospect of the Italian government taking a stake in Stellantis to help to balance the French influence. Renault shares pared gains after Elkann's comments to stand 1.2% higher by 1220 GMT, having initially risen more than 4%. Stellantis CEO Carlos Tavares, a Portuguese-national, last week said in an interview with Bloomberg that the group was "ready for any kind of consolidation" and that its job was to make sure that it would be "one of the winners". Analysts, however, question the rationale of a Stellantis-Renault merger, which would also expand the group's excess capacity in Europe.

Ram Recall for some 2016 Heavy-Duty Pickups | Autoblog Minute

Ram is recalling some of its 3500, 4500, and 5500 heavy-duty pickups. The National Highway Traffic Safety Administration says that certain Rams were manufactured with a misshapen main output shaft. RAM Autoblog Minute Videos Original Video FCA autos ram 5500 4500

Ram 1500 TRX Hellcat-powered prototype spied testing in Arizona

For the past few years, FCA has been on a Hellcat craze. Ever since the first Dodge Charger and Dodge Challenger Hellcat debuted, we've seen that supercharged 6.2-liter V8 stuffed under the hood of the bonkers Jeep Grand Cherokee Trackhawk and turned up to 11 in the Demon and new Hellcat Redeye. There was also the Hellcat-powered Ram 1500 TRX concept vehicle, which FCA announced back in May would finally go into production as the Ram TRX. Today, we have our first look at an early prototype. Unlike the Ram 2500 Power Wagon — a personal favorite of mine — the TRX is aimed squarely at the Ford F-150 Raptor. While we don't have any under-hood shots, the photographer said there was no mistaking the whine emanating from the truck for anything but a supercharger. While we don't know how much power the truck will make, expect a minimum of 707 horsepower. For reference, that's 257 more horsepower than the F-150 Raptor. Power is likely to be sent to all four wheels through an eight-speed automatic transmission. Aside from that, there's not much to say about this prototype. While it mostly looks like a Ram 1500 Big Horn, it is fitted with with a set of one-piece Fuel D579 wheels and BF Goodrich All-Terrain T/A tires. It also looks like it has a slightly wider front and rear track than the standard Ram 1500. The longer exhaust tips look temporary and are certainly going to look far more polished on the production model. We don't know when we might see the finished product as FCA's plans were a little more nebulous at this past five year plan. Our fingers are crossed for something this next auto show season. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.