No Reserve............4x4............. 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.

2017 Jeep Compass is finally a compact crossover worthy of its badge

Jeep finally thinks it has a Compass that points true north. When the compact crossover first debuted alongside the Patriot for the 2007 model year, it was all wrong. The original Compass didn't look like a Jeep, didn't have any off-road credibility, and wasn't remotely fun to drive. It was, by all accounts, a failure. A mid-cycle refresh helped matters in 2011, and the addition of a six-speed automatic to replace the unloved CVT made 2014 and later models the best of the breed. Until now, that is. View 14 Photos There's a brand-new Jeep Compass for 2017, and it looks to put Jeep's compact crossover contender back on track. The new Compass looks a lot like a shrunken Grand Cherokee, which is no bad thing. A slotted grille leads the way, and the bulging fenders and slowly rising bodysides add visual interest to the two-box shape. An optional dual-pane sunroof should help keep the cabin from feeling too confining, though the Compass lacks any sort of removable top system like that of its smaller sibling, the Renegade. One engine will be available in the United States. The 2.4-liter Tigershark four-cylinder engine offers 180 horsepower and 175 pound-feet of torque. That's 8 more ponies and 10 more lb-ft than before. Buyers can choose from three transmission options, starting with a six-speed manual on either 4x2 or 4x4 versions. Front-wheel-drive Compass models get a six-speed auto option, while 4x4 models get a nine-speed. Both the Jeep Active Drive and Jeep Active Drive Low – the latter system features a crawl ratio – can send 100 percent of the engine's available torque to whichever individual wheel has the most traction. A Trailhawk model (above in red) is a new addition to the Compass line, and it comes with unique fascias and a small suspension lift that improve its off-road cred with a 30-degree approach angle, 24-degree breakover angle, and 34-degree departure angle. Trailhawk models get Hill Descent Control and a Rock Mode added to the Selec-Terrain system, which, coupled with a 20:1 crawl ratio, should make the Trail Rated Compass the most capable vehicle in its class. As you would expect, the Compass is a unibody. That should make it pretty comfortable on the road, too, and its Koni frequency damping struts both front and rear ought to make it ride pretty well. Inside, there are three different center LCD screen sizes, depending on trim. Base models get a 5.0-inch unit, with larger 7.0- and 8.4-inch units optional.