Chysler Lebaron Le - 1993 - Could This Be A Period Vehicle In A Movie? on 2040-cars
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This will move you! Remember the fun. Or maybe, your movie set needs a period car with class! '93 Chrysler LeBaron LE 6 cyl., clean, loaded with power features. Sedan 4 Dr VIN 1C3XA3634PF554281 Chrysler (the 3.0 L Mitsubishi V6 3.0 L, i.e. Mitsubishi 6G72 V6 making 141 hp (105 kW)) 3L turbocharged V6 unleaded gas 6 cyl, 3.0 L, Automatic 4-spd.
Regarding the Mitsubishi 6G72 V6 engine: SOHC 12-valve, SOHC 24-valve, and DOHC 24-valve versions have been produced. The latest version was used in the Mitsubishi Eclipse GT and Galant. Output in 2004 was 210 hp (157 kW; 213 PS) at 5500 rpm with 278 N·m (205 lbf·ft) of torque at 4000 rpm. In the older version, used in many Chrysler models since 1987 this V6 was a SOHC 12-valve developing 141 hp (105 kW) at 5000 rpm and 172 lb·ft (233 N·m) of torque at 3600 rpm. The Mitsubishi models were with a 3.0 Litre 6G72 engine SOHC 24-valve developing 195 hp (145 kW) at 5000 rpm and 205 lb·ft (278 N·m) of torque at 4000 rpm. For the MIVEC engine output is 201 kW (273 PS; 270 hp) at 6000 and 304 N·m (224 lbf·ft) at 4500. The DOHC 24-Valve was used in the Mitsubishi Debonair, 3000GT and Dodge Stealth producing 222 horsepower (166 kW) and 205 pound force-feet (278 N·m) of torque in naturally aspirated form, and as much as 320 horsepower (240 kW) and 315 pound force-feet (427 N·m) of torque in turbocharged form. Each bank of the V6 had its own independent turbocharger and intercooler. Turbo chargers were built by Mitsubishi. They were water cooled to ensure longer service life https://en.wikipedia.org/wiki/Mitsubishi_6G7x_engine#6G72
After 1992, for the Chrysler Le Baron the 3.0 liter Mitsubishi V6 became available. It was used in them for model years until 1995. https://en.wikipedia.org/wiki/Chrysler_LeBaron
The LeBaron was equipped with a trip & fuel economy computer and full instrumentation. All components were designed to be a smoother and more flowing interior style, making it more in tune with the "aero" revolution of the early 1990s.
Options: Power Windows, Steering, ABS, theft-deterring detachable face plate, Radio/Disc player, Front Wheel Drive, a solid beam rear axle, independent front suspensions with MacPherson struts, and front-wheel drive; air conditioning, cruise control, power brakes, front and rear cigarette lighters, rear defroster, digital instrument panel, electronic voice alert, tinted glass on all windows, hood ornament, lights that went on with the dual horn, illuminated entry, a full lighting package inside, dual power mirrors, power antenna, locks, windows, and driver's seat, FM stereo, "luxury cloth" seats, tilt steering, leather steering wheel, intermittent wipers, and Message Center. Fuel Type: Unleaded Gasoline Mileage: 163,146 For Sale By: Private Seller Sub Model: LE Warranty: Sold AS IS, WHERE IS, SALE IS FINAL Similar 1993 Chrysler Le Baron on Car Guru's website received a 4 out of 5 star rating. I agree with the review and assessment. A large number of trim options were available for LeBarons. In the 1990s, the car was avaiable in a base trim, Landau trim, and LE trim. The LE had a three-speed automatic transmission. http://www.cargurus.com/Cars/Chrysler-Le-Baron-Overview-d174 http://www.cargurus.com/Cars/Discussion-t12519_ds535947 If you have to drive through snow, the front wheel drive AA platform, takes a lot of worry from the experience. During Utah winters, that is a major relief of stress. https://en.wikipedia.org/wiki/Chrysler_A_platform All LeBaron sedans came with a standard driver's side airbag, could seat up to six passengers, and had a relatively large trunk. In 1994, the U.S. National Highway Traffic Safety Administration rated the LeBaron a 4 out of 5 for driver side and a 3 out of 5 for passenger side frontal impact occupant protection The U.S. government website lists the fuel economy of the 1993 Chrysler Le Baron with a 3L V6 engine and automatic 4-spd transmission as having EPA 26 mpg Highway; 21 mpg Combined; 18 mpg City http://www.fueleconomy.gov/feg/bymodel/1993_Chrysler_LeBaron.shtml
TERMS AND CONDITIONS: Car is sold AS IS WHERE IS. I am not the original owner. Therefore, I cannot make affirmative statements about the history of the vehicle prior to my ownership. I can say that the vehicle is able to be driven, as I do drive it. I can say that the vehicle passed the required Utah safety and emission inspection applicable to it. TO BID YOU MUST BE OVER 18 and pay with a money order, cashiers check or wire transfer. Please do not bid without the intent to finalize this transaction. Winning bidders that do not finalize will receive negative feedback. Sorry, NO bid retractions allowed in the last 24 hours of the auction, ask questions BEFORE you bid. ALL SALES ARE FINAL WITH CAR BEING SOLD WHERE IS, AS IS. ! ...Please, ASK if you have a question! Seller reserves the right to end auction early. Email will be answered PROMPTLY. Bidders with less than 10 feedbacks MUST email us before bidding showing their intent to purchase the vehicle. Due to increasing non-paying bidders, we reserve the right to cancel your bid if you do not have more then 10 feedbacks. Sorry. WE WILL NOT TOLERATE BID INTERFERENCE! The vehicle is offered with a right to a personal inspection by any bidder or agent of any bidder, whether a buyer decides to inspect a vehicle themselves/have a 3rd party inspection or make no inspection at all. All used vehicles should be assumed to have some degree of wear. No vehicle is perfect to everyone. Each vehicle has its strengths, styles, tendencies and shortcomings. Therefore, despite our best efforts to verify a vehicle's mechanical condition, we are not able to warranty a manufacturer’s workmanship or previous owner’s diligence in care. It is for this reason that all vehicles are sold "AS IS". We have described the above mentioned vehicle to the best of our ability. However, with all pre-owned automobiles, the condition is subjective. Please be advised that no oral or written statements concerning any vehicle constitutes a representation or warranty of the condition of the said vehicle. You need to check with your local goverment for any special rules regarding these older vehicles passing inspections. We are not liable for any vehicle not passing inspection for your area. If for any reason you recieve your vehicle and have buyers remorse, if you are not happy with the vehicle or just don't want it for any reason we will cheerfully offer our condolences. You WILL be responsible for a restocking fee that will equal 80% of the purchase price of the vehicle. You will also be responsible for shipping the vehicle back to me at your expense. The vehicle is available for inspection prior to bidding. I encourage a physical inspection strongly to avoid any misunderstandings or representations. All disputes arising out of or resulting from this sale shall be finally determined by binding arbitration in Herriman, Utah in accordance with the commercial rules of arbitration of the American Arbitration Association. The arbitration shall be carried out by one or more arbitrators in accordance with said rules. All costs incident to arbitration shall be the sole responsibility of the BUYER. Any award shall be enforceable in any court of competent jurisdiction in the same manner as judgments. This agreement to arbitrate shall survive the sale of the automobile described herein. Buyer and Seller hereby agree that Utah law shall control for all purposes under this Bill of Sale. Buyer and Seller hereby consent to the personal jurisdiction of the state and federal courts of Utah to specifically enforce the agreement to arbitrate and to enter judgment of and enforce the award of the arbitrator. All above terms and conditions are applied to vehicle sales, whether through Ebay or otherwise. Sorry, but in all fairness to the bidding process, I will NOT disclose my reserve price until the auction has ended. PAYMENT TERMS: Payment must be made by Cashiers Check, Money Orders, Wire Transfers payable in US Dollars, or the equivilent of the US DOLLAR amount in specified cryptocurrency (BITCOIN, DOGECOIN, LITECOIN). A deposit in the amount of $350.00 must be received within Twenty-Four(24) hours of the auctions close either by PayPal or via specified cryptocurrency (BITCOIN, DOGECOIN, LITECOIN). Final payment balance due must be received within seven (7) days of the auction close. I will not be responsible for buyers remorse or problems found to said vehicle once they have left my property. This is a vintage auto that has been maintained in a condition suitable to pass Utah inspection laws for safety and emissions. However, by its age, it ought to be obvious that it is not in showroom brand new condition. It will need TLC and some degree of attention sooner or later or perhaps more extensive restoration to command a resell price by you that is several times higher than your purchase price. My reserve price, to me, is a fair middle ground on a path for you to fully restore this vehicle and perhaps have a significant return on your investment as a collectible vehicle. This is not a new cars and should not be bid upon as such. Once the deposit payment has been received, I, as the Seller, will email a .pdf copy of the clear title, to the Buyer. Transportation will commence only after final payment and signed documentation are received. DELIVERY OF VEHICLE TITLE and BILL OF SALE: Upon confirmation of full payment of funds owed, which by cryptocurrency is almost nearly instantaneous and the least expensive means to transfer, in my experience, the title and Bill of Sale will be sent to you by a trackable means of your choice (USPS, FEDEX, UPS). DELIVERY OF VEHICLE: Upon confirmation of full payment of funds owed, the vehicle will be shipped to you by whatever means you inform me to do via email. Upon successful bid, notify me how you want to accept delivery. That is, do you want it shipped to you, or will you take delivery in person? If you want it shipped notify me of the details that you have made with your shipping service. A possible payment method, which, if not available to you, does not relieve you of the obligation to pay the successful bid price within the time limit is the third party auto dealership, lowbook.com. They indicated to me that it will finance an auto sale between private individuals. If you want to use that method, you have to make arrangement between yourself and lowbook.com to pay me. If the vehicle is not financed to you by lowbook.com, an escrow service that conforms to the method of sale defined only by the SELLER must be used for other than cash in person or cryptocoin (BITCOIN, DOGECOIN, LITECOIN) payment. An escrow service that inserts criteria contrary to the SELLER's instructions shall not be accepted by the SELLER, nor used. The BUYER shall be responsible to pay the escrow fee. Payment by cryptocurrency (BITCOIN, DOGECOIN, LITECOIN) is encouraged for speed of transfer, lower cost than wire transfer / escrow fees, and the ability to quickly verify that a payment was made. Payment from outside the United States must be in BITCOIN, DOGECOIN, or LITECOIN, using the US$ exchange rate posted at Pay to addresses for cryptocurrencies: BITCOIN (13sjo7brYk9XZ6oHdBfZZigDy39DFApSnY) LITECOIN (LgeJFFzBR24LCvBA13TCQneqZVP2FUy5tQ) DOGECOIN (D9fPa6CsMBWTPwh9ZXsR6K15WB9B26Ffih)
DELIVERY OF VEHICLE TITLE and BILL OF SALE: Upon confirmation of full payment of funds owed, which by cryptocurrency is almost nearly instantaneous and the least expensive means to transfer, in my experience, the title and Bill of Sale will be sent to you by a trackable means of your choice (USPS, FEDEX, UPS). DELIVERY OF VEHICLE: Upon confirmation of full payment of funds owed, the vehicle will be shipped to you by whatever means you inform me to do via email. WARRANTY: ALL SALES ARE FINAL WITH CAR BEING SOLD WHERE IS, AS IS. ! ...Please, ASK if you have a question! Seller reserves the right to end auction early. Email will be answered PROMPTLY. The vehicle is offered with a right to a personal inspection by any bidder or agent of any bidder. The Vehicle is being sold by a PRIVATE PERSON in the State of Utah, United States of America. Any Utah resident must pay local UT sales tax and licensing fees. All other will do so in their home state. The vehicle is available for inspection prior to bidding. I encourage a physical inspection strongly to avoid any misunderstandings or representations. I am not the original owner. Therefore, I cannot make affirmative statements about the history of the vehicle prior to my ownership. Professional dealership sometimes say their cars are "certified used". That is a jargon phrase. I can say this vehicle is "unquestionably used". I can say that the vehicle is able to be driven, as I do drive it. I can say that the vehicle passed the required Utah safety and emission inspection applicable to it. I do not say or warrant anything more than that. On Jan-23-14 at 19:09:13 PST, seller added the following information: This will move you! Remember the fun. Or maybe, your movie set needs a period car with class! '93 Chrysler LeBaron LE 6 cyl., clean, loaded with power features, but the power antenna is not one of them.. Sedan 4 Dr VIN 1C3XA3634PF554281 Chrysler (the 3.0 L Mitsubishi V6 3.0 L, i.e. Mitsubishi 6G72 V6 making 141 hp (105 kW)) 3L turbocharged V6 unleaded gas 6 cyl, 3.0 L, Automatic 4-spd. Regarding the Mitsubishi 6G72 V6 engine: SOHC 12-valve, SOHC 24-valve, and DOHC 24-valve versions have been produced. The latest version was used in the Mitsubishi Eclipse GT and Galant. Output in 2004 was 210 hp (157 kW; 213 PS) at 5500 rpm with 278 N·m (205 lbf·ft) of torque at 4000 rpm. In the older version, used in many Chrysler models since 1987 this V6 was a SOHC 12-valve developing 141 hp (105 kW) at 5000 rpm and 172 lb·ft (233 N·m) of torque at 3600 rpm. The Mitsubishi models were with a 3.0 Litre 6G72 engine SOHC 24-valve developing 195 hp (145 kW) at 5000 rpm and 205 lb·ft (278 N·m) of torque at 4000 rpm. For the MIVEC engine output is 201 kW (273 PS; 270 hp) at 6000 and 304 N·m (224 lbf·ft) at 4500. The DOHC 24-Valve was used in the Mitsubishi Debonair, 3000GT and Dodge Stealth producing 222 horsepower (166 kW) and 205 pound force-feet (278 N·m) of torque in naturally aspirated form, and as much as 320 horsepower (240 kW) and 315 pound force-feet (427 N·m) of torque in turbocharged form. Each bank of the V6 had its own independent turbocharger and intercooler. Turbo chargers were built by Mitsubishi. They were water cooled to ensure longer service life https://en.wikipedia.org/wiki/Mitsubishi_6G7x_engine#6G72 After 1992, for the Chrysler Le Baron the 3.0 liter Mitsubishi V6 became available. It was used in them for model years until 1995. https://en.wikipedia.org/wiki/Chrysler_LeBaron The LeBaron was equipped with a trip & fuel economy computer and full instrumentation. All components were designed to be a smoother and more flowing interior style, making it more in tune with the "aero" revolution of the early 1990s. Options: Power Windows, Steering, ABS, theft-deterring detachable face plate, Radio/Disc player, Front Wheel Drive, a solid beam rear axle, independent front suspensions with MacPherson struts, and front-wheel drive; air conditioning, cruise control, power brakes, front and rear cigarette lighters, rear defroster, digital instrument panel, electronic voice alert, tinted glass on all windows, hood ornament, lights that went on with the dual horn, illuminated entry, a full lighting package inside, dual power mirrors, power antenna, locks, windows, and driver's seat, FM stereo, "luxury cloth" seats, tilt steering, leather steering wheel, intermittent wipers, and Message Center. Fuel Type: Unleaded Gasoline Mileage: 163,146 For Sale By: Private Seller Sub Model: LE Warranty: Sold AS IS, WHERE IS, SALE IS FINAL Similar 1993 Chrysler Le Baron on Car Guru's website received a 4 out of 5 star rating. I agree with the review and assessment. A large number of trim options were available for LeBarons. In the 1990s, the car was avaiable in a base trim, Landau trim, and LE trim. The LE had a three-speed automatic transmission. http://www.cargurus.com/Cars/Chrysler-Le-Baron-Overview-d174 http://www.cargurus.com/Cars/Discussion-t12519_ds535947 If you have to drive through snow, the front wheel drive AA platform, takes a lot of worry from the experience. During Utah winters, that is a major relief of stress. https://en.wikipedia.org/wiki/Chrysler_A_platform All LeBaron sedans came with a standard driver's side airbag, could seat up to six passengers, and had a relatively large trunk. In 1994, the U.S. National Highway Traffic Safety Administration rated the LeBaron a 4 out of 5 for driver side and a 3 out of 5 for passenger side frontal impact occupant protection The U.S. government website lists the fuel economy of the 1993 Chrysler Le Baron with a 3L V6 engine and automatic 4-spd transmission as having EPA 26 mpg Highway; 21 mpg Combined; 18 mpg City http://www.fueleconomy.gov/feg/bymodel/1993_Chrysler_LeBaron.shtml TERMS AND CONDITIONS: Car is sold AS IS WHERE IS. I am not the original owner. Therefore, I cannot make affirmative statements about the history of the vehicle prior to my ownership. I can say that the vehicle is able to be driven, as I do drive it. I can say that the vehicle passed the required Utah safety and emission inspection applicable to it. TO BID YOU MUST BE OVER 18 and pay with a money order, cashiers check or wire transfer. Please do not bid without the intent to finalize this transaction. Winning bidders that do not finalize will receive negative feedback. Sorry, NO bid retractions allowed in the last 24 hours of the auction, ask questions BEFORE you bid. ALL SALES ARE FINAL WITH CAR BEING SOLD WHERE IS, AS IS. ! ...Please, ASK if you have a question! Seller reserves the right to end auction early. Email will be answered PROMPTLY. Bidders with less than 10 feedbacks MUST email us before bidding showing their intent to purchase the vehicle. Due to increasing non-paying bidders, we reserve the right to cancel your bid if you do not have more then 10 feedbacks. Sorry. WE WILL NOT TOLERATE BID INTERFERENCE! The vehicle is offered with a right to a personal inspection by any bidder or agent of any bidder, whether a buyer decides to inspect a vehicle themselves/have a 3rd party inspection or make no inspection at all. All used vehicles should be assumed to have some degree of wear. No vehicle is perfect to everyone. Each vehicle has its strengths, styles, tendencies and shortcomings. Therefore, despite our best efforts to verify a vehicle's mechanical condition, we are not able to warranty a manufacturer’s workmanship or previous owner’s diligence in care. It is for this reason that all vehicles are sold "AS IS". We have described the above mentioned vehicle to the best of our ability. However, with all pre-owned automobiles, the condition is subjective. Please be advised that no oral or written statements concerning any vehicle constitutes a representation or warranty of the condition of the said vehicle. You need to check with your local goverment for any special rules regarding these older vehicles passing inspections. We are not liable for any vehicle not passing inspection for your area. If for any reason you recieve your vehicle and have buyers remorse, if you are not happy with the vehicle or just don't want it for any reason we will cheerfully offer our condolences. You WILL be responsible for a restocking fee that will equal 80% of the purchase price of the vehicle. You will also be responsible for shipping the vehicle back to me at your expense. The vehicle is available for inspection prior to bidding. I encourage a physical inspection strongly to avoid any misunderstandings or representations. All disputes arising out of or resulting from this sale shall be finally determined by binding arbitration in Herriman, Utah in accordance with the commercial rules of arbitration of the American Arbitration Association. The arbitration shall be carried out by one or more arbitrators in accordance with said rules. All costs incident to arbitration shall be the sole responsibility of the BUYER. Any award shall be enforceable in any court of competent jurisdiction in the same manner as judgments. This agreement to arbitrate shall survive the sale of the automobile described herein. Buyer and Seller hereby agree that Utah law shall control for all purposes under this Bill of Sale. Buyer and Seller hereby consent to the personal jurisdiction of the state and federal courts of Utah to specifically enforce the agreement to arbitrate and to enter judgment of and enforce the award of the arbitrator. All above terms and conditions are applied to vehicle sales, whether through Ebay or otherwise. Sorry, but in all fairness to the bidding process, I will NOT disclose my reserve price until the auction has ended. PAYMENT TERMS: Payment must be made by Cashiers Check, Money Orders, Wire Transfers payable in US Dollars, or the equivilent of the US DOLLAR amount in specified cryptocurrency (BITCOIN, DOGECOIN, LITECOIN). A deposit in the amount of $350.00 must be received within Twenty-Four(24) hours of the auctions close either by PayPal or via specified cryptocurrency (BITCOIN, DOGECOIN, LITECOIN). Final payment balance due must be received within seven (7) days of the auction close. I will not be responsible for buyers remorse or problems found to said vehicle once they have left my property. This is a vintage auto that has been maintained in a condition suitable to pass Utah inspection laws for safety and emissions. However, by its age, it ought to be obvious that it is not in showroom brand new condition. It will need TLC and some degree of attention sooner or later or perhaps more extensive restoration to command a resell price by you that is several times higher than your purchase price. My reserve price, to me, is a fair middle ground on a path for you to fully restore this vehicle and perhaps have a significant return on your investment as a collectible vehicle. This is not a new cars and should not be bid upon as such. Once the deposit payment has been received, I, as the Seller, will email a .pdf copy of the clear title, to the Buyer. Transportation will commence only after final payment and signed documentation are received. DELIVERY OF VEHICLE TITLE and BILL OF SALE: Upon confirmation of full payment of funds owed, which by cryptocurrency is almost nearly instantaneous and the least expensive means to transfer, in my experience, the title and Bill of Sale will be sent to you by a trackable means of your choice (USPS, FEDEX, UPS). DELIVERY OF VEHICLE: Upon confirmation of full payment of funds owed, the vehicle will be shipped to you by whatever means you inform me to do via email. Upon successful bid, notify me how you want to accept delivery. That is, do you want it shipped to you, or will you take delivery in person? If you want it shipped notify me of the details that you have made with your shipping service. A possible payment method, which, if not available to you, does not relieve you of the obligation to pay the successful bid price within the time limit is the third party auto dealership, lowbook.com. They indicated to me that it will finance an auto sale between private individuals. If you want to use that method, you have to make arrangement between yourself and lowbook.com to pay me. If the vehicle is not financed to you by lowbook.com, an escrow service that conforms to the method of sale defined only by the SELLER must be used for other than cash in person or cryptocoin (BITCOIN, DOGECOIN, LITECOIN) payment. An escrow service that inserts criteria contrary to the SELLER's instructions shall not be accepted by the SELLER, nor used. The BUYER shall be responsible to pay the escrow fee. Payment by cryptocurrency (BITCOIN, DOGECOIN, LITECOIN) is encouraged for speed of transfer, lower cost than wire transfer / escrow fees, and the ability to quickly verify that a payment was made. Payment from outside the United States must be in BITCOIN, DOGECOIN, or LITECOIN, using the US$ exchange rate posted at Pay to addresses for cryptocurrencies: BITCOIN (13sjo7brYk9XZ6oHdBfZZigDy39DFApSnY) LITECOIN (LgeJFFzBR24LCvBA13TCQneqZVP2FUy5tQ) DOGECOIN (D9fPa6CsMBWTPwh9ZXsR6K15WB9B26Ffih) DELIVERY OF VEHICLE TITLE and BILL OF SALE: Upon confirmation of full payment of funds owed, which by cryptocurrency is almost nearly instantaneous and the least expensive means to transfer, in my experience, the title and Bill of Sale will be sent to you by a trackable means of your choice (USPS, FEDEX, UPS). DELIVERY OF VEHICLE: Upon confirmation of full payment of funds owed, the vehicle will be shipped to you by whatever means you inform me to do via email. WARRANTY: ALL SALES ARE FINAL WITH CAR BEING SOLD WHERE IS, AS IS. ! ...Please, ASK if you have a question! Seller reserves the right to end auction early. Email will be answered PROMPTLY. The vehicle is offered with a right to a personal inspection by any bidder or agent of any bidder. The Vehicle is being sold by a PRIVATE PERSON in the State of Utah, United States of America. Any Utah resident must pay local UT sales tax and licensing fees. All other will do so in their home state. The vehicle is available for inspection prior to bidding. I encourage a physical inspection strongly to avoid any misunderstandings or representations. I am not the original owner. Therefore, I cannot make affirmative statements about the history of the vehicle prior to my ownership. Professional dealership sometimes say their cars are "certified used". That is a jargon phrase. I can say this vehicle is "unquestionably used". I can say that the vehicle is able to be driven, as I do drive it. I can say that the vehicle passed the required Utah safety and emission inspection applicable to it. I do not say or warrant anything more than that. |
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Fiat, PSA poised to win EU approval for $38 billion Stellantis merger
Mon, Oct 26 2020BRUSSELS/MILAN — Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic. The green light from the European Commission would formalize the creation of Stellantis, a carmaking group that could tap hefty profits from selling Ram pickup trucks and Jeep SUVs to U.S. drivers to fund the expensive development of zero-emission vehicles for sale in Europe and China. The all-share merger announced late last year would unite brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS — while targeting annual cost cuts of 5 billion euros ($6 billion) without closing factories. The Commission and Italian-American group Fiat Chrysler Automobiles (FCA) declined to comment. France's PSA did not immediately respond to a request for comment. PSA and FCA shares reversed losses after the Reuters story was published. PSA stock was last up 2% at 16.83 euros, while FCA shares were 1.9% higher at 11.31 euros. To allay EU antitrust concerns, PSA has offered to strengthen Japanese rival Toyota Motor Corp, with which it has a van joint venture, by ramping up production and selling it vans at close to cost price, the people said. FCA and PSA will also allow their dealers in certain cities to repair rival brands. Following feedback from rivals and customers, the carmakers only had to tweak the wording of their concessions, with no changes to the substance, the people said. The companies did not have to use the COVID-19 pandemic to argue for the merger, they added. FCA and PSA have said they hope to complete the merger in the first quarter of 2021. The challenge of switching to electric cars has been complicated by the COVID-19 pandemic. Just last month, FCA and PSA restructured the terms of their deal to conserve cash and raised their targeted cost savings because of the economic fallout from the health crisis. The companies have said about 40% of the savings will come from product-related expenses, 40% from purchasing and 20% from other areas, such as marketing, IT and logistics.
Chrysler recalling 630k Jeep models worldwide
Thu, 06 Jun 2013Despite its refusal to recall 2.7 million Jeep Grand Cherokee and Liberty models this week over a gas tank fire risk, Chrysler will be recalling 630,000 Jeep Compass (pictured), Patriot and Wrangler vehicles around the globe for a pair of entirely different reasons.
The affected Compass and Patriot models are all from the 2010 to 2012 model years - 254,000 in the United States, 45,400 in Canada and 109,000 elsewhere in the world. In these models, a software error may result in the late deployment of the side airbags and seatbelt tensioners. In the event of a crash, failure of these systems could result in more serious injuries for the vehicle's occupants.
Jeep's go-anywhere Wrangler also faces a separate recall due to power steering fluid lines that can possibly wear a hole in the transmission oil cooler line. According to Chrysler, the vehicles could then leak fluid, possibly damaging the transmissions. Roughly 221,100 Wrangler models are being recalled because of this issue, all of which are fitted with Jeep's 3.6-liter Pentastar V6 engine. In the US, 181,000 vehicles are affected, with an additional 18,400 in Canada and 21,700 additional units worldwide. A Chrysler spokesperson said that no crashes or injuries have been reported with either case, according to the Associated Press.
Stellantis not looking for further mergers, including with Renault
Mon, Feb 5 2024MILAN — 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.