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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.

A case for the Eclipse Cross | Autoblog Podcast #508

On this week's podcast, Mike Austin joins David Gluckman to new cars they're driving and supercars that have just dropped. Mike also stands up for the Mitsubishi Eclipse Cross in the face of some negativity, and the episode wraps up with the traditional doling out of Spend My Money buying advice. The rundown is below. Remember, if you have a car-related question you'd like us to answer or you want buying advice of your very own, send a message or a voice memo to podcast at autoblog dot com. (If you record audio of a question with your phone and get it to us, you could hear your very own voice on the podcast. Neat, right?) And if you have other questions or comments, please send those too. Autoblog Podcast #508 Topics and stories we mention Our long-term Mazda Miata Honda Civic Hatchback Jeep Cherokee Trailhawk Mitsubishi Eclipse Cross Geneva Motor Show coverage Used cars! Rundown Intro - 00:00 What we're driving - 02:15 Eclipse Cross and Geneva Show recap - 16:45 Spend My Money - 43:58 Total Duration: 56:27 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Feedback Email – Podcast at Autoblog dot com Review the show on iTunes Podcasts Geneva Motor Show Honda Jeep Mazda Mitsubishi 2017 Geneva Motor Show honda civic hatchback mitsubishi eclipse cross

2018 Jeep Grand Cherokee Trackhawk is more expensive than the Dodge Demon

Jeep has finally released pricing for its crazy, all-wheel-drive, Hellcat-powered Grand Cherokee, and it's seriously expensive. It starts at $86,995. That's a full $2,000 more than the limited-production, 840-horsepower Dodge Challenger SRT Demon. For 140 fewer horses, and a quarter-mile time that's 2seconds slower (11.6 seconds vs. 9.6), you'll spend more money. Then again, the Grand Cherokee can do things the Demon and the Hellcats can't. It's got more space than any of them, meaning you can carry quite a bit more. It's capable of towing up to 7,200 pounds of stuff. It also has all-wheel drive, which means you have a little extra traction in bad weather, and you have the opportunity to do spectacular four-wheel burnouts. And of course, the Trackhawk is still fast and capable by any measure. It's only a tenth of a second slower to 60 mph than the Challenger Hellcat Widebody. It also comes with massive Brembo brakes, with the largest front rotors fitted to a Jeep, to haul it down from 60 mph in a claimed 114 feet. Each corner features 295-mm tires that Jeep claims let the Trackhawk generate 0.88g circling a skid pad. If the Trackhawk sounds like just the absurd performance machine you've been waiting for, you'll be able to put your order in soon. Dealers will accept orders starting Aug. 10, and the vehicles will start arriving at dealer lots toward the end of the year. Related Video: Featured Gallery 2018 Jeep Grand Cherokee Trackhawk View 45 Photos Image Credit: Jeep Jeep SUV Performance