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Fiat, PSA poised to win EU approval for $38 billion Stellantis merger

BRUSSELS/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 Pacifica's Fam Cam is a great feature that needs to be on more cars

The CDC and various other official entities encourage or demand parents to place their children in a rear-facing child seat from birth until the ages of 2 to 4. That obviously means a driver or front passenger cannot see them, necessitating a mirror that you can see from the car's rearview mirror. As someone who constantly moved his son's rear-facing child seat between different cars every week, I can firmly recommend a mirror like this with a swivel base, as it is so much easier than others to mount and adjust.  But you know what's better than a mirror? The Chrysler Pacifica's "Fam Cam." In between the second and third rows, in the middle of the van, is a little glossy black disk in the ceiling that contains cameras that display images of second and third rows. There are daylight color and night time infrared camera views as well (although the daylight one makes certain darker colors look lilac purple). You can also enlarge one of the outboard second-row seats for a better view. Any of these above options allows you to see your children many times better than is possible with a mirror, especially at night. Just look at the difference below. Basically, you can't see your kid at all with the rearview mirror at night. Turning on the overhead map light helps, but my son wasn't too keen on having an interrogation lamp in his face, and it's certainly not ideal for sleeping, either. A given car's backseat position can also mean that the forward-facing child mirror is below the rearview mirror's line of sight, meaning you have to choose between seeing your kid or seeing what's going on behind your vehicle. Again, advantage Fam Cam. Here's another benefit. It's usually very difficult, if impossible, to mount both a forward-facing mirror and a tablet holder at the same time. I usually got around this by attaching the mirror to the middle seating position's head restraint, but that's obviously not an option in a vehicle with captain's chairs. Now, while I was literally able to mount both in the Pacifica for the purposes of illustrating my point, it was not easy and both mirror and tablet holder fit poorly. Using Fam Cam is obviously a better option. (Also a shout-out for Chrysler's positioning of the third-row USB port, which made it super-easy to keep the Galaxy charged).  Now, to be fair, the Kia Carnival and Honda Odyssey offer a similar rear seat spy camera feature, and we like those, too.

We aren't the only ones who want a Chrysler Pacifica Hellcat

Yes, you read that correctly: Chrysler. Pacifica. Hellcat. We want one. It's definitely not happening. But that doesn't mean we – and the FCA designers – can't dream, right? That's what led to this sketch, posted on Instagram by Fiat-Chrysler design boss Ralph Gilles. It looks pretty sweet, including that hella important wing for maximum downforce, yo. As long as we're dreaming, we've got a few other requests. Let's put that 707-horsepower, 6.2-liter, supercharged V8 in the middle of the van. Screw the Stow 'N Go seats – let's get that engine mounted as low in the car's midsection as possible. And while we're at it, let's go for rear-wheel drive. And a six-speed manual transmission. And a third row of seats behind the engine, but rear-facing, so we can make our friends puke. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In all seriousness, we're looking forward to driving the regular Pacifica when it launches this Spring. To refresh your memory, it's a totally new van, and will even be offered in Hybrid spec with an 80-mile-per-gallon-equivalent rating. Sounds impressive. Oh, heck. Hellcats > Hybrids. Ralph, we urge you to make this one a reality. Related Video: