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Fiat Chrysler CEO says final merger talks with Peugeot going well

BRUSSELS — Fiat Chrysler's chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA  to create the world's No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months. Speaking to Reuters on the sidelines of an industry meeting, he said he doesn't expect any major obstacles that could delay a final agreement. "Talks are progressing really well," Manley said about negotiations with the French carmaker ahead of a briefing by the European automotive association (ACEA), of which he is president. His comments come a month after the two carmakers agreed to a binding deal worth about $50 billion to combine forces in response to a slowdown in global demand and mounting costs of making cleaner vehicles amid tighter emissions regulations. Manley's timeline for completing the deal by early 2021 is in line with a forecast made by the companies in December. Fiat and Peugeot are now getting into the details of how the merger will work, including choosing which vehicle platforms — the technological underpinnings of a vehicle — will fit which products in a combined company. Because customers in different locations still prefer vastly different cars, there is room for multiple platforms in a combined group, Manley said. "That global platform is an elusive beast," he added. "This concept of a massive global platform in my mind is almost a myth, but that doesnÂ’t mean to say weÂ’re not going to recruit significant volume." Related Video:    

FCA seeking new trial in Jeep fire case, calls $150M judgement 'grossly excessive'

Fiat Chrysler Automobiles is fighting back after a Decatur County, GA jury ordered the company to pay $150 million to the family of a four-year-old boy that was killed after a 1999 Jeep Grand Cherokee crashed and caught fire. The company is requesting the judge reduce the award, and should Walden's family not agree to the lower sum, that a new trial be held. The Detroit Free Press reports that FCA would be forced to pay $120 million over the death of young Remington Walden, with an extra $30 million being paid to the boy's family. Neither figure sits well with the automaker, though, which called the fine "grossly excessive," and claimed it was in violation of Georgia state law. The judgment stems from FCA's long-running problem with the fuel tanks of certain Jeep models built in the 1990s and 2000s. According to the newspaper, FCA argues that the jury was biased after the Waldens' attorneys played on the their passions and pushed for a big award, saying the wrongful death award was 11 times more than any appeals court has ever upheld. FCA said attorneys for the plaintiffs told the jury to base the settlement on Sergio Marchionne's total compensation, $68 million. FCA also claims in its motion that the young boy's suffering was brief. "A $30-million pain-and-suffering award for what plaintiffs acknowledge was at most one minute of suffering is irrational," the motion, which was obtained by The Detroit Free Press, read. "Where such plainly improper arguments are immediately followed by irrational and stunningly excessive damage awards, there can be no doubt that the jury acted from passion and prejudice." Jim Butler, the attorney for the Waldens, has called the motion "nonsense," although he said the family will accept whatever figure the judge sets.

Next-generation Jeep Wrangler arriving at the end of 2017, diesel for 2019 model year

The folks at JL Wrangler Forums have come across some very juicy information regarding the next-generation Wrangler, thanks to an anonymous source who got the details from a dealer meeting. Among the information provided by the source is the timeline for the new Jeep's release. It will be fully revealed at this year's Los Angeles Auto Show, and it will hit dealers this December. At launch, the next-gen Wrangler will be available with both a 3.6-liter V6 with either a manual or automatic, and a 2.0-liter four-cylinder that can only be had with an automatic. We expect this engine to be turbocharged and pack as much as 300 horsepower. It also seems Chrysler is still making good on its promise of a diesel Wrangler for this generation. Photos taken by a JL Wrangler Forums user show what looks like a diesel exhaust fluid tank underneath one of the prototypes seen above. There could be a bit of a wait on that powertrain, though. According to the JL Wrangler Forums source, it won't be arriving until near the end of the 2019 model year, so potentially at the end of the 2018 calendar year, and possibly early 2019. The other big news is that the anonymous source confirmed that there will in fact be a hardtop with a power sliding opening. The feature was rumored years ago, and we may have had our first look at it thanks to earlier spy shots also taken by a JL Wrangler Forums member. The photos showed a mysterious set of switches on the windshield header that may have been controls for the power top. This feature won't be available at launch according to the anonymous source, and will instead debut near the end of the 2018 model year, so likely early- to mid-calendar year 2018. Some other minor changes to colors and equipment were revealed also, and can be seen at the forum website, here. Related Video: