1993 Chrysler Concorde Base Sedan 4-door 3.3l on 2040-cars

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Fiat Chrysler, surprise, had to buy a lot of emissions credits

The world of carbon emissions uses some unusual units of measure. Take, for example, 8.2 million megagrams. Who needs to know how much that is? Someone at Fiat Chrysler Automobiles, that's who. FCA had to buy that many greenhouse-gas emissions credits from greener automakers, Reuters says, citing a report from the US Environmental Protection Agency (EPA). Because its vehicles' collective fuel economy continues to trail the industry average, FCA purchased the emissions credits at of the end of 2014 in order to meet US emissions regulations. About two-thirds of those credits were acquired from Toyota, while the rest were purchased from Tesla and Honda. Daimler and Ferrari, not surprisingly, were among the other automobile companies that had to acquire emissions credits in order to meet US greenhouse gas regulations. Because the price for these credits is set privately by the companies, the EPA didn't disclose how much FCA had to pay to stay on the green side. The reason for the millions FCA likely spent is because the company is making a slow progress building and selling cleaner cars. The company did increase average fuel efficiency by about one mile per gallon to almost 22 mpg for the 2015 model year, but it wasn't enough. Such a performance likely only put the automaker in a last-place tie with General Motors. The emissions credits purchased from Tesla are notable because that California-based maker of electric vehicles has long generated substantial revenue by selling various credits to its less-electrified counterparts. In 2013, Tesla sold more of California's ZEV credits than any other automaker, but Nissan took that title in 2014. While these are not the same as the EPA's GHG credits, they do offer another way to track which automakers are meeting the targets and which need help. Related Video: News Source: ReutersImage Credit: Flickr/Ian YVR Government/Legal Green Chrysler Fiat Fuel Efficiency mpg

Peugeot maker PSA posts record profits ahead of FCA merger

PARIS — Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA has trimmed costs in areas such as the procurement of components as it has integrated its acquisition of Opel and Vauxhall, boosting operating margins to 8.5% last year. The group, which also produces cars under the Citroen and DS brands, offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroen C5 Aircross helping to lift revenues by a higher-than-expected 1% to $81.2 billion (74.7 billion euros). That helped it stand out in a car market where some rivals including France's Renault have struggled with sliding revenues and profits, amid a broader downturn in demand. PSA's group net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels. The carmaker was "once again very solid", analysts at brokerage Oddo-BHF said in a note, adding the results confirmed the company's "best-in-class status." However PSA forecast a 3% contraction in Europe's car market this year, by far its biggest market. The tie-up with Fiat Chrysler will help it gain exposure to that group's strong presence in North America with brands like Jeep. The two companies struck a deal in December to create the world's No.4 carmaker, to better cope with market turmoil and the cost of making less-polluting vehicles. Fiat also posted more upbeat results than most rivals this year. CORONAVIRUS WEIGHS PSA boss Carlos Tavares told a news conference that the two groups were both in good shape and well placed to face market challenges together. He said he did not expect any major regulatory hurdles to the merger, adding it had so far submitted 14 approval requests to competition authorities out of the 24 it needs. There are no immediate plans to change anything in the large portfolio of brands within the combined group, he added. However the companies still face problems this year, including the coronavirus outbreak which has paralyzed production in China and hits carmakers' supply chain. PSA said the coronavirus impact was still difficult to assess. It factories in Wuhan, at the epicenter of the outbreak, are due to reopen in the second week of March.

Junkyard Gem: 2002 Chrysler PT Cruiser with 5-speed manual transmission

Before we get started on today's Junkyard Gem, let's talk about what I mean by the word "Gem" in this context, because I've been getting a lot of hate mail from readers foaming at the mouth with rage because I dared to refer to such cars as the Pontiac Sunfire or Subaru Tribeca by that name. When I say "Gem" I mean it in the historical sense, not because I think a particular vehicle is a generally superior machine. OK? Now we can talk about a real junkyard rarity: a PT Cruiser with a manual transmission. Chrysler sold PT Cruisers in Europe and Japan, where manual transmissions are preferred, and the 5-speed manual was the base transmission in the North American-market PT Cruiser all the way up until the 2009 model year. However, most American and Canadian PT Cruiser buyers proved willing to spend the extra money to get an automatic transmission, because... well, PT Cruiser. I found this car in a wrecking yard in the San Francisco Bay Area, which is such a hotbed of amateur racing and restoration of old British and Italian sports cars that perhaps residents have a slightly greater appreciation for three-pedal cars than Americans in general. With 150 horsepower moving 3,123 pounds— essentially a slightly bigger Neon — this car would have been more fun to drive than most minivans. Later on, Chrysler dropped Neon SRT4 drivetrains into PT Cruisers, creating the 215-horse GT Turbo PT Cruiser. We think a bustleback body kit would go well with one of those cars. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. "Take it easy, Mr. Satan!"