2022 Ram 1500 Trx Package Ii 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

Fiat Chrysler posts record Q3 profit thanks to U.S. trucks and Jeep

MILAN — A rebound in car production in Fiat Chrysler on Wednesday reported record third-quarter earnings as production returned to nearly pre-pandemic levels. The Italian-American automaker, which is finalizing its full merger with French rival PSA Peugeot, reported a net profit in the three months ending Sept. 30 of $1.4 billion (1.2 billion euros). That compares with a loss of 179 million euros a year earlier. The carmaker reported adjusted earnings before tax and interest in North America of 2.5 billion euros. That offset deepening losses in Europe, Asia and at its Maserati luxury marquee. Latin America, the only other region to post a profit, saw it narrow by two-thirds to 46 million euros. “Our record results were driven by our teamÂ’s tremendous performance in North America,” CEO Mike Manley said in a statement. Overall, the carmaker said global earnings before tax and interest were a record 2.3 billion euros despite a 6% fall in revenues to 26 billion euros. Global shipments were down 3%, due largely to plant retooling in North American to produce the new Jeep Grand Wagoneer in the luxury SUV segment and the discontinuation of the Dodge Grand Caravan classic minivan. Fiat Chrysler announced earlier Wednesday that its merger with PSA Peugeot is on track to be finalized by the end of the first quarter of 2021, as planned. To meet regulatory concerns, the French carmaker is selling a small stake in a components maker to get below 40% ownership. The new automaker, to be called Stellantis, will be the fourth biggest producer in the world. Earnings/Financials Chrysler Dodge Fiat Jeep RAM Citroen Peugeot

2021 Ram 1500 Mopar '21 Edition is a very-limited-production pickup

Ram offers a multitude of trim levels and options for the 1500 pickup truck, but some people just want something a little different and a lot more exclusive. For that, there's the 2021 Ram 1500 Mopar '21 Edition. It's a customized version of a Big Horn or Lone Star Ram, and only 250 will be produced: 210 for the U.S. and 40 for Canada. The Mopar '21 Edition gets a host of extra goodies, including a number of exclusive items. Among those are the black grille surround and exhaust, stripes, cloth seats with embroidered Mopar logos and bags on the backs of said seats that attach to Molle straps. Only four colors will be offered, silver, black red and blue. The truck also gets some other generally available accessories such as the hard bed cover, spray-in bedliner, adjustable tie downs, tow hooks, running boards and all-weather floor mats. The special edition is a package available for the aforementioned Big Horn and Lone Star Rams when equipped with a 5.7-liter V8, four-wheel-drive and the Crew Cab configuration with a 5-foot-7-inch bed. It's an extra $8,500 on top of the base price. If you're interested, the truck goes on sale this summer. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.