2013 Chrysler 200 Limited on 2040-cars

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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

Stellantis reports surprising 2020 results, is 'off to a flying start'

MILAN — Low global car inventories and cost cuts should boost Stellantis's profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday. The forecast came as Stellantis, created by the January merger of Peugeot-maker PSA and Fiat Chrysler (FCA), reported better-than-expected results for 2020 that sent its shares up around 3% in morning trading. "Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies (from the merger)," Chief Executive Carlos Tavares said in a statement. Stellantis is the world's fourth largest carmaker, with 14 brands including Fiat, Peugeot, Opel, Jeep, Ram and Maserati. It said 2021 results should be helped by three new high-margin Jeep vehicles in North America and a strong pricing environment there. The U.S. market has driven profits for years at FCA and starts off as the strongest part of Stellantis. The group's guidance assumes no more significant lockdowns caused by the global COVID-19 pandemic, which shuttered auto plants around the world last spring. Stellantis should also get a lift as its starts to implement a plan aimed at delivering over 5 billion euros a year in savings, without closing any plants. Tavares has also pledged not to cut jobs. But a pandemic-related global shortage of semiconductors, used for everything from maximizing engine fuel economy to driver-assistance features, could hurt business. Auto industry executives have said the shortage should ease by the second half of 2021. Stellantis said its "electrification offensive" could also weigh on results this year. Automakers are racing to develop electric vehicles to meet tighter CO2 emissions targets in Europe and this week Volvo joined a growing number of carmakers aiming for a fully-electric line-up by 2030. Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans at top rivals such as Volkswagen and Renault-Nissan, although Stellantis has further to go to meet that goal. The carmaker is targeting an adjusted operating profit margin of 5.5%-7.5% this year. That compares with a 5.3% aggregated margin last year: 4.3% at FCA and 7.1% at PSA excluding a controlling stake in parts maker Faurecia, which is set to be spun-off from Stellantis shortly.

Junkyard Gem: 1995 Eagle Vision TSi

Lee Iacocca's main motivation to have Chrysler buy the American Motors Corporation in 1987 was to grab the Jeep brand, but it turned out that getting all the chassis engineering that went into the Eagle Premier paid off handsomely as well. The Premier's ancestry was Wisconsin-tinged Renault, a mashup of Renault 25 and 21 chassis and suspension design, and Chrysler later based the very successful LH series of sedans on the Premier. The Eagle-badged version of the LH was the Vision, sold for the 1993 through 1997 model years. Here's one of those cars, heavily battered and its once-lurid purple paint now faded, found in a self-service yard south of Denver, Colorado. The Eagle brand was named after the AMC Eagle, and it was used for both ex-AMC vehicles and Mitsubishi machinery. It got the axe after 1998, when the final Talons were sold. The first-generation LH cars included the Vision, the Chrysler Concorde, the Chrysler LHS, the Chrysler New Yorker and the Dodge Intrepid. A Plymouth version known as the Accolade was planned but never went into production. The crash that mangled the front end made it impossible for me to open the hood, but the '95 Vision TSi got a 3.5-liter OHC V6 with 214 horsepower and 221 pound-feet. Every production Vision ever built came with a mandatory four-speed automatic transmission. This car made it just a bit past 167,000 miles during its life. All in all, a comfortable Detroit sedan on a French suspension that sold fairly well and then faded into oblivion. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. So much cheaper than the Acura Legend! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Virtual reality speculation was all the rage during the first half of the 1990s. And, hey, it still is! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The middle 1990s were a strange time.