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2019 Jeep Renegade Limited and Trailhawk revealed with updated styling

A few weeks back, we got our first glimpse of the refreshed 2019 Jeep Renegade. The Italian-built compact crossover is currently the smallest model in Jeep's lineup. Details were scarce, but we now have some new info on the European-spec model as well as a whole batch of photos of both the Renegade Limited and Renegade Trailhawk. Visually, both the Limited and Trailhawk models get revised front fascias with dark LED and Xenon lighting that mimics the new Jeep Wrangler JL. The Limited's bumper includes more body-color panels with new turn signals, fog lights and a lower air intake. Outside of the new lighting, the only real change to the front of the Trailhawk is the lack of a bright red front tow hook. In the rear, both models get new taillights, though the bumpers appear to be the same. The Renegade Limited now comes with 19-inch wheels. The Renegade now has new gasoline and diesel engines, though it's unclear which — if any — will make it to the U.S. market. There's a 1.0-liter turbo inline-three that makes 120 horsepower, a 1.3-liter turbo inline-four that makes either 150 or 180 horsepower. That makes it as powerful as the 2.4-liter naturally-aspirated inline-four that's currently available. The 1.6-liter and 2.0-liter turbo diesel engines — not available in the U.S. — both get updated European emissions equipment. There are three transmissions: a six-speed manual, a six-speed dry dual-clutch and a nine-speed auto. The Renegade is still available with both front- and four-wheel drive. There are two four-wheel drive systems, with one slightly more sophisticated system reserved for the Trailhawk. Other carryovers include the removable My Sky roof panels and most of the interior. The Renegade also gets the latest version of FCA's UConnect infotainment system that is compatible with Apple CarPlay and Android Auto. Pricing hasn't been announced, but look for U.S.-specific details sometime later this summer. Related Video:

Stellantis not looking for further mergers, including with Renault

MILAN — Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on the execution of its long-term business plan. "There is no plan under consideration regarding merger operations with other manufacturers," said Elkann, who also heads Exor, the Agnelli family holding company that is the largest single shareholder in Stellantis. After abandoning the Russian market, at the time its second largest after France, and reducing the scope of its global cooperation with Nissan, Renault has been seen as a potential M&A target. Speculation intensified after an electric vehicle market slowdown forced it last week to cancel IPO plans for its EV and software unit Ampere. Its market cap remains stubbornly low at little over 10 billion euros ($10.8 billion) despite a financial recovery over the past few years. Stellantis, the product of a 2021 merger between France's PSA and Fiat Chrysler and one of the most profitable groups in the industry, has a market cap of more than 85 billion euros when unlisted shares are factored in. It has a 14 brand portfolio also including Citroen, Jeep, Opel and Alfa Romeo. NEWSPAPER REPORT Italian daily Il Messaggero had said on Sunday that the French government, which is Renault's largest shareholder and also has a stake in Stellantis, was studying plans for a merger between the two groups. A spokeswoman for Renault said on Monday the group did not comment on rumors. France's Finance Ministry had declined to comment on Sunday. Stellantis has crossed swords with the Italian government, which has accused it of acting against the national interest on occasions. Industry Minister Adolfo Urso last week raised the prospect of the Italian government taking a stake in Stellantis to help to balance the French influence. Renault shares pared gains after Elkann's comments to stand 1.2% higher by 1220 GMT, having initially risen more than 4%. Stellantis CEO Carlos Tavares, a Portuguese-national, last week said in an interview with Bloomberg that the group was "ready for any kind of consolidation" and that its job was to make sure that it would be "one of the winners". Analysts, however, question the rationale of a Stellantis-Renault merger, which would also expand the group's excess capacity in Europe.

Stellantis is official: FCA and PSA merger finally sealed

MILAN — Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the Italian-American and French automakers to finalize the $52 billion deal, during which the global economy was upended by the COVID-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. "The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today," the two automakers said in a statement. Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday. Now analysts and investors are turning their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE's bell with Chairman John Elkann. FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros ($6.1 billion) without plant closures, and investors will be keen for more details on how it will do this. Marco Santino, a partner at consultants Oliver Wyman, said he expected Tavares to disclose the outlines of his action plan soon, but without divulging too many details at first. "He has proven to be the kind of person who prefers action to words, so I don't think he will make loud statements or try to over-sell targets," he said. Like all global automakers, Stellantis needs to invest billions in the years ahead to transform its vehicle range for the electric era. But other pressing tasks loom, including reviving the group's lagging fortunes in China, rationalizing its huge global empire and addressing massive overcapacity. "It will be a step by step process, also to allow the market to better appreciate every single move. I don't think we will have all the details before one year," Santino said.