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Fiat Chrysler patent shows a turbocharged inline-six engine

The rumor that Fiat Chrysler is developing an inline six-cylinder surfaced on Allpar more than a year ago. In a follow-up report in December last year, Allpar tapped its sources to add more information, like the codename "Tornado" and the plan for the turbocharged motor to replace the 5.7-liter Hemi V8. Even so, it only made sense to speak of the engine as a rumor at the time. Now we have our first bit of circumstantial evidence, Mopar Insiders having found a patent issued to FCA that uses drawings of an inline-six to describe a system for tracking elements in exhaust gases in a turbocharged inline-six. FCA applied for the patent on November 1, 2017, the U.S. Patent and Trademark Office granted it April 2, 2019. As with everything else in a patent application, the drawing cannot be an accident. The U.S. PTO granted two other engine-related patents to FCA on March 19 and April 2 this year, and FCA used drawings of a V6 in both of those applications. The December Allpar report presumed one version of the Tornado engine would get a single, twin-scroll turbo and slot into service with Chrysler, Dodge, Jeep, and Ram. Another version with twin turbos, and perhaps revised heads, could do time with Alfa Romeo, Maserati, and perhaps SRT. Mopar Insiders doesn't break down turbo count, but cites its sources as revealing an output range of 360 horsepower up to 525 horsepower. FCA's E-Booster technology, originally mentioned as a way to help a revived Alfa Romeo 8C get 700 hp, will enable larger turbos on performance versions of the Tornado I-6. E-Booster electrifies some aspect of the turbocharger — FCA hasn't got into the details yet — to eliminate lag while providing 25 percent more power. Mopar Insiders' output figures would give the engine long enough legs to replace the 3.2-liter and 3.6-liter Pentastar V6s, as well as the 5.7-liter Hemi V8. The site said the Tornado will also replace the canceled 7.0-liter Banshee V8. The 3.0-liter Tornado Global Medium Engine Turbocharged 6 (GME T-6), based on the Hurricane 2.0-liter GME four-cylinder (GME I-4), is expected to go into FCA products around the world. We'll wait to see how the PSA merger might affect allocation. Displacement will come in a hair below three liters so as to avoid tax thresholds in certain countries, and it was said engineers were trying to keep the inline-six no more than three inches longer than the 2.4-liter Tigershark four-cylinder.

Fiat To Pay $3.65 Billion For Remaining Chrysler Shares

Italian automaker Fiat SpA announced Wednesday that it reached an agreement to acquire the remaining shares of Chrysler for $3.65 billion in payments to a union-controlled trust fund. Fiat already owns 58.5 percent of Chrysler's shares, with the remaining 41.5 percent held by a United Auto Workers union trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal. Chrysler will also make additional payments totaling $700 million to the fund as part of an agreement with the UAW. The deal is expected to close on or before Jan. 20, according to a statement from Chrysler. Sergio Marchionne, CEO of both Fiat and Chrysler, has long sought to acquire the union's shares in order to combine the two companies. "The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization," Marchionne said in a statement issued by Turin, Italy-based Fiat. The deal eliminates the need for an initial public offering of the union fund's stake, which analysts had previously valued at $5.6 billion. Fiat went to court last year seeking a judgment on the price, but the trial date was set for next September. Marchionne can't spend Chrysler's cash on Fiat's operations unless the companies merge. In recent months he made it clear that he preferred to settle the dispute without an IPO, but filed the paperwork for the offering in September at the trust's request. Chrysler's profits have helped prop up Fiat on the balance sheet as the Italian automaker struggles in a down European market. The Auburn Hills, Mich., automaker earned $464 million in the third quarter on U.S. sales of the Ram pickup and Jeep Grand Cherokee, its ninth-straight profitable quarter. The results boosted Fiat, which earned $260 million in the quarter. Without Chrysler's contribution, Fiat would have lost $340 million. UAW/Unions Chrysler Fiat

Former Treasury boss unaware auto task force fired GM's Wagoner

We dig a good political tell-all every once in a while (how else will we get our political fix while waiting for House of Cards' third season?). Today, we get just that from former Treasury Secretary Timothy Geithner's new book, "Stress Test," which details, among other parts of the 2009 financial catastrophe, the structured bankruptcy that allowed Chrysler and General Motors to emerge as competitive players in the auto industry.
In the book, which is nicely recapped by The Detroit News, Geithner discusses the firing of GM CEO Rick Wagoner while explaining how much trust he had in the auto industry task force that executed the move without his knowledge.
Auto Czar Steve Rattner "didn't even consult me before he fired General Motors CEO Rick Wagoner; if anything, that move increased my confidence in Team Auto," Geithner wrote.