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Fiat/PSA's dominance in small vans hangs up EU's merger approval

BRUSSELS — EU antitrust regulators are concerned about Fiat Chrysler and Peugeot / PSA's combined high market share in small vans and may require concessions to clear their $50 billion merger, people familiar with the matter said. The companies, which are seeking to create the world's fourth biggest carmaker, were told of the European Commission's concerns last week. If Fiat and PSA fail to dispel the European Commission's doubts in the next two days and subsequently decline to offer concessions by Wednesday, the deadline for doing so, the deal would face a four-month-long investigation. The EU competition enforcer, which has set a June 17 deadline for its preliminary review, declined to comment. Fiat was not immediately available for comment while PSA had no immediate comment. Hiving off overlapping businesses, usually a regulatory demand to ensure more competition, could prove tricky for the carmakers because of the technicalities. Fiat and PSA are looking to merge to help offset slowing demand and shoulder the cost of making cleaner vehicles to meet tougher emissions regulations. The deal puts under one roof the Italian carmaker's brands such as Fiat, Jeep, Dodge, Ram, Maserati and the French company's Peugeot, Opel and DS. Related Video: Government/Legal Chrysler Dodge Fiat Jeep Maserati RAM Citroen Opel Peugeot

China-FCA merger could be a win-win for everyone but politicians

NEW YORK — Fiat Chrysler boss Sergio Marchionne has said the car industry needs to come together, cut costs and stop incinerating capital. So far, his words have mostly fallen on deaf ears among competitors in Europe and North America. But it appears Marchionne has finally found a receptive audience — in China. FCA shares soared Monday after trade publication Automotive News reported the $18 billion Italian-American conglomerate controlled by the Agnelli family rebuffed a takeover from an unidentified carmaker from the Chinese mainland. As ugly as the politics of such a combination may appear at first blush, a transaction could stack up industrially, and perhaps even financially. A Sino-U.S.-European merger would create the first truly global auto group. That could push consolidation to the next level elsewhere. Moreover, China is the world's top market for the SUVs that Jeep effectively invented, so it might benefit FCA financially. A combo would certainly help upgrade the domestic manufacturer; Chinese carmakers have gotten better at making cars, but struggle to build global brands, and they need to develop export markets. Though frivolous overseas shopping excursions by Chinese enterprises are being reined in by Beijing, acquisitions that support the modernization and transformation of strategic industries still receive support, and the government considers the automotive industry to be strategic. A purchase of FCA by Guangzhou Automobile, Great Wall or Dongfeng Motors would probably get the same stamp of approval ChemChina was given for its $43 billion takeover of Syngenta. What's standing in the way? Apart from price (Automotive News said FCA's board deemed the offer insufficient) there's the not-insignificant matter of politics. Even as FCA shares soared, President Donald Trump interrupted his vacation to instruct the U.S. Trade Representative to look into whether to investigate China's trade policies on intellectual property. Seeing storied Detroit brands like Jeep, Chrysler, Ram and Dodge handed off to a Chinese company would provoke howls among Trump's economic-nationalist supporters. It might not play well in Italy, either, to see Alfa Romeo and Maserati answering to Wuhan instead of Turin — though Automotive News said they might be spun off separately. Yet, as Morgan Stanley observes, "cars don't ship across oceans easily," and political considerations increasingly demand local manufacture of valuable products.

2015 Ram Laramie Limited brings more luxury, tweaked style to Chicago

Once upon a time, the Chicago Auto Show was where truck manufacturers chose to introduce their wares. New HD truck? Go to Chicago. Entry level, midsize pickup? Chicago. Flagship dually? Chicago. While that's far from a rule nowadays, Ram still looked to the Windy City to introduce the new version of its flagship trim – the Laramie Limited. Featured in light-duty 1500, heavy-duty 2500 and I-need-to-tow-Australia 3500 bodies, the Laramie Limited is the latest proof that pickups are no longer limited to work, but are proper luxury vehicles in their own right. To reflect this, Ram has upholstered the Laramie Limited's cabin in gorgeous black Natura Plus leather. We're pretty fond of the Graystone piping on the seats, while the pinstripe theme found throughout on the Black Argento wood and contrast stitching certainly ups the styling ante. The center stack is home to most of the cabin's brightwork, with K-black Dark Metallic paint, while LED accent lighting is found throughout. Ram was liberal with the application of Liquid Graphite finishes, adding it to the center stack's bezels and the gauges and needles in the handsome instrument cluster. For the exterior, Ram has thrown the whole idea of subtlety out the window. There's plenty of inspiration from the Ram Rebel that was shown at the 2015 Detroit Auto Show, only instead of the dark finishes of that vehicle, the Laramie Limited features lots, and lots of chrome. Like the Rebel, the flagship truck gets a restyled grille, complete with a domineering "RAM" badge, although the nose of the Laramie Limited is nothing compared to its tailgate. The rear of the truck is home to an enormous, 20-inch wide "RAM" badge that the company hilariously explains away in its press release, saying it's there "so onlookers can clearly identify the truck." Okay. Beyond the borderline obnoxious badges, Ram has finished the front and rear bumpers and mirror caps in chrome, and opted for a stylish dark housing for the halogen-only headlights. Those units crown LED turn signals, while the taillamps are straight LED throughout. We have an extensive gallery of images detailing the new Laramie Limited, and you can bet that we'll be complementing the official shots with live images from the floor of the 2015 Chicago Auto Show. Until then, head into Comments and let us know what you think of Ram's not-so-subtle flagship.