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FCA CEO Mike Manley will run Americas for Stellantis after PSA merger

DETROIT — Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with FranceÂ’s PSA Peugeot early next year. FCA Chairman John Elkann announced ManleyÂ’s new post on Friday in a letter to employees. ManleyÂ’s role in the merged company had been a mystery. PSA CEO Carlos Tavares will run the overall company, to be named Stellantis. Shareholders of both companies will vote on the merger Jan. 4 to seal the deal creating the worldÂ’s fourth-largest automaker. The merger is expected to be completed by the end of March. PSA will get six seats on the new companyÂ’s 11-member board, which will be chaired by Elkann. The Americas, especially the U.S., are key to the new companyÂ’s success. Fiat ChryslerÂ’s Jeep and Ram brands are highly profitable, and Tavares has long wanted to sell PSA vehicles in the U.S. Manley has been the Italian-American automakerÂ’s CEO for 2 1/2 years, taking over when Sergio Marchionne died in 2018. Stellantis will have the capacity to produce 8.7 million cars a year, just behind Volkswagen, the Renault-Nissan alliance and Toyota. Related Video: Hirings/Firings/Layoffs Chrysler Dodge Fiat Jeep RAM Citroen Peugeot Mike Manley Stellantis

2018 Jeep Compass Trailhawk Drivers' Notes Review | Trying to find its way

The Jeep Compass Trailhawk is the smaller sibling to the Cherokee off-roader. They look a lot alike, and generally that seems to be a good thing. We spent some time with it, both in Michigan and the Pacific Northwest. It seemed like the perfect little ute to tackle rain and late snow, as well as the cratered roads surrounding Detroit every spring. Here's what we thought after spending some quality time together: Editor-in-Chief Greg Migliore: The Jeep Compass is one of the coolest compact crossovers you can buy. Jeep has struggled to translate its genetics into smaller models, but they come through in this one. The Trailhawk trim provides plenty of capability. Even if you don't need it on a daily basis, the package adds design flourishes like red tow hooks and a two-tone black roof, which look slick. Our test model's olive green paint also puts off a heritage vibe. I like that. It's subtle, like wearing a watch with a NATO band. The interior looks and feels premium, with leather seats, a leather-trimmed steering wheel and ambient lighting. Uconnect remains one of my favorite infotainment systems on the market, and its simplicity is an industry benchmark. The inline four-cylinder and nine-speed automatic transmission work well together. In fact, the smooth shifting surprises me, as I've had issues with this gearbox in other Fiat Chrysler vehicles. Overall, I would consider the Compass among the better options for car shoppers. It stands out in a segment that's fairly vanilla, though the less flashy but well-executed Honda CR-V and Toyota RAV4 are formidable. I wouldn't get the Trailhawk trim on a Compass, but it's smart of Jeep to push this kind of off-road capability thoughout its lineup. Associate Editor Joel Stocksdale: I've recently spent some time in the refreshed Jeep Cherokee, which I found to be a decent crossover, if not class-leading, and it had a distinctly truck-like feel, unlike its competitors. The Compass Trailhawk is just the same, except at about 2/3 scale. The truck-like feel is what really stood out. The seating position is very tall, giving you a good view forward and of the corners of the Compass. Combined with the small size, it makes it very easy to maneuver around town, and likely on tight trails. The ride on this Trailhawk model is a bit stiff over small bumps, but it does soak up the large ones fairly well. This suspension and the raised ride height also make the Compass seem a little tipsy.

FCA and Peugeot reportedly agree on merger

Citing a Wall Street Journal report, the Detroit Free Press says "Fiat Chrysler and PSA Groupe have agreed to merge." The Journal reported on talks between the two car companies only yesterday. It's said that Peugeot's board met yesterday to approve the deal, FCA's board met today, and an announcement could come as soon as tomorrow, Thursday. Both automakers have released statements, but neither company has released any information beyond admitting to ongoing talks. If the merger happens, the combined entity would become the world's fourth-largest carmaker with a $50 billion valuation, slotting in behind Toyota, the Volkswagen Group, and the Renault Nissan Mitsubishi alliance. Among the merger options possible, "an all-stock merger of equals" is the one analysts and Moody's seem to give the best grade. The reported merger would come about four months after FCA walked away from merger talks with Renault. FCA said the French government scuppered those talks over the role of Nissan in a reformed entity, but there were also brewing issues with French unions, and ongoing turmoil among Renault and Nissan leadership thanks to continuing fallout from ex-CEO Carlos Ghosn's arrest last year. FCA makes most of its revenue in the U.S. and rules Italy, while Peugeot is the second-best-selling automaker in Europe with its own brand in France and Opel in Germany. The two companies already have a partnership in Europe making vans, one that FCA CEO Mike Manley has spoken highly of. Among the list of obvious benefits in a potential merger, FCA would get access to Peugeot's small, modern platforms, $10.2 billion in cash, and electrified and hybrid architecture developments, the latter especially important to FCA as those are fields where it lags. Peugeot would get much easier access to the U.S. market, and the money-printing brands Jeep and Ram. A merged carmaker would have combined sales of nearly 9 million a year, based on 2018 results. By comparison, both Volkswagen and Toyota sell over 10 million cars a year, while the Renault-Nissan-Mitsubishi alliance almost 11 million. Peugeot CEO Carlos Tavares has proved he knows how to do turnarounds and mergers. After leaving a position as Carlos Ghosn's right-hand man in 2012, Tavares took over Peugeot in 2014, navigated a bailout from the French government and China's Dongfeng Motors in 2015, and turned PSA into a regional powerhouse.