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2021 Chrysler Pacifica Review | What's new, hybrid fuel economy, pictures

The 2021 Chrysler Pacifica offers something no other minivan can match: a plug-in hybrid model that can go 32 miles on electricity alone and therefore slash your annual fuel bill. It also costs less than the regular V6 version (and Toyota's traditional, non-plugged-in hybrid Sienna) when you factor in federal and state tax credits, and we even like driving it more. In other words, the Pacifica Hybrid is the one to get. But is that novel powertrain enough to make the Pacifica a better choice than the scarce number of other vans for your? Well, considering that the V6-powered version can hold its own against the Honda Odyssey, Toyota Sienna and Kia Sedona/Carnival (literally the only other options), it's a distinct possibility. The Pacifica Hybrid is basically tied with the Sienna has our top choice in the segment in our comparison test, but with so few other rivals, we still recommend checking out the full field. It's also worth noting that Honda, Toyota and Kia have stronger reliability ratings than Chrysler, while the Hybrid's higher monthly payments may not fit your budget despite the hefty one-time tax refund. In any event, no minivan search is complete without at least considering the Pacifica.     What's new for 2021? The Pacifica gets its first comprehensive set of upgrades since being relaunched as a minivan back in '17. The front end has been restyled and LED lighting applied as standard front and rear (the budget-oriented Chrysler Voyager maintains the Pacifica's old look). The Pacifica also now matches its rivals by including a full suite of driver assistance and safety technologies as standard equipment. Infotainment technologies have also been upgraded: Chrysler's latest UConnect interface is paired with a standard 10.1-inch touchscreen; standard Apple CarPlay and Android Auto have been upgraded to wireless connectivity, and Amazon Alexa has been added. New available equipment includes USB-C ports, wireless smartphone charging, the FamCAM rear interior camera, and new games for the rear seat entertainment system. Also new for 2021 is the option of all-wheel drive and the range-topping Pinnacle trim level. The Pacifica Hybrid has also been changed to a powertrain option for the Touring, Touring L, Limited and Pinnacle trim levels – it was technically a separate model before. This is simpler. What are the Pacifica interior and in-car technology like? The Pacifica interior is a lovely place to spend time.

Ferrari raises $893M, valued at $12B

Ferrari's stock is moving as quickly on the New York Stock Exchange as the brand's iconic sports cars do on the road. The company's incredibly popular initial public offering has already raised $893.1 million by virtue of 17.18 million shares sold for $52 apiece. If the deal's underwriters buy in as well, the figure would grow to $982.4 million. Plus, even after shouldering some of FCA's debt, the automaker carries an enterprise value of $12 billion, Bloomberg reports. Just as the company starts trading on the New York Stock Exchange, the share price is already racing upward, too. As of this writing, Ferrari stock, which is listed under the symbol RACE, is priced at $57.59. At its high so far today, the value reached as high as $60.95. While Ferrari is looking strong, the big winner in this success looks to be FCA because the company should raise $4 billion in the spin-off, according to Bloomberg. With nine percent of the sports car maker on the NYSE and one percent for the underwriters, another 80 percent will be distributed to FCA investors in 2016. When that's through, Exor, the holding company for the Agnelli/Elkann family, should have the largest stake at about 30 percent. Piero Ferrari holds the remaining 10 percent and has no intention to sell it. Related Video: FCA Announces Pricing of Initial Public Offering of Ferrari N.V. Common Shares Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari N.V. ("Ferrari") announce today the pricing of Ferrari's initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.1 million ($982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016. UBS Investment Bank is acting as Global Coordinator for the offering.

FCA's profit rises ahead of Peugeot merger

MILAN — Fiat Chrysler (FCA) posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France's PSA. The Italian-American carmaker said adjusted earnings before interest and tax (EBIT) rose to 2.12 billion euros ($2.3 billion), in line with a 2.11 billion forecast in Reuters poll of analysts. That left its adjusted operating profit for the year at 6.67 billion euros ($7.34 billion), just shy of its target of over 6.7 billion euros. Its adjusted EBITDA margin came in at 6.2%, in line with its target of more than 6.1%. A trader said Fiat Chrysler results were "a touch above" expectations and the carmaker's shares in Milan were up 3.4% at 1300 GMT following the results. Fiat Chrysler and Peugeot maker PSA agreed in December to combine forces in a $50 billion deal to create the world's No. 4 carmaker, in response to slower global demand and the mounting cost of making cleaner cars amid tighter emissions rules. Chief Executive Mike Manley said last month that talks with PSA were progressing well and that he hoped to complete the deal by early 2021. FCA reiterated its plan to boost adjusted EBIT to above 7 billion euros ($7.7 billion) this year. In slides prepared for an analyst call, FCA said it was monitoring the global impact of coronavirus in China. FCA operates in the country through a loss-making joint venture with Guangzhou Automobile Group (GAC) and has a 0.35% share of the Chinese passenger car market. Reporting by Giulio Piovaccari; Additional reporting by Danilo Masoni; Editing by Stephen Jewkes, Jason Neely and David Clarke. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.