2005 Chrysler Sebring Base Convertible 2-door 2.4l on 2040-cars

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Nissan tells Renault it is 'not opposed' to Fiat Chrysler merger plan

TOKYO – Nissan on Wednesday told Renault it wasn't opposed to its partner's potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry. The leaders of Nissan Motor Co, France's Renault SA and junior partner Mitsubishi Motors Corp gathered at Nissan's headquarters in Yokohama for a scheduled alliance meeting - one overshadowed by Fiat Chrysler's proposal this week for a merger-of-equals with Renault. The plan, which would create the world's third-largest automaker, raises difficult questions about how Nissan would fit into a radically changed alliance. Renault Chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss the proposed tie-up with Nissan, 43.4% owned by the French automaker. "We are not opposed," the Nikkei quoted an unnamed Nissan source who had attended the meeting as saying. The person also said "many details need to be worked out" before the Japanese automaker solidifies its position on the issue, the Nikkei reported. In a statement, the alliance members confirmed that they had "an open and transparent discussion" on the proposal. The deal looks designed to tackle the costs of far-reaching technological and regulatory changes, including the drive toward electric vehicles. Nissan, which has rebuffed overtures by Renault for a merger of their own despite their 20-year alliance, was blindsided by the discussions, sources have told Reuters, stoking concerns that a deal with Fiat Chrysler could weaken Nissan's relations with Renault. The tie-up also poses an additional challenge for Nissan CEO Hiroto Saikawa, already grappling with poor financial performance and an uneasy relationship with Renault after Nissan led the ousting last year of long-standing alliance chairman Carlos Ghosn. There have long been tensions between Nissan and Renault over the imbalance of power in their alliance. Nissan, the bigger company, holds a 15% non-voting stake in the French automaker, while Renault owns 43.4% of Nissan. Ahead of Wednesday's meeting, Japanese media quoted Saikawa as telling reporters that he would look at the potential opportunities afforded by a Renault-FCA merger. Credit ratings agency Moody's said it was vital for Nissan to stabilize its partnership with Renault to expand operational synergies and improve margins.

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.

Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.