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Fiat Chrysler CEO says final merger talks with Peugeot going well

BRUSSELS — Fiat Chrysler's chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA  to create the world's No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months. Speaking to Reuters on the sidelines of an industry meeting, he said he doesn't expect any major obstacles that could delay a final agreement. "Talks are progressing really well," Manley said about negotiations with the French carmaker ahead of a briefing by the European automotive association (ACEA), of which he is president. His comments come a month after the two carmakers agreed to a binding deal worth about $50 billion to combine forces in response to a slowdown in global demand and mounting costs of making cleaner vehicles amid tighter emissions regulations. Manley's timeline for completing the deal by early 2021 is in line with a forecast made by the companies in December. Fiat and Peugeot are now getting into the details of how the merger will work, including choosing which vehicle platforms — the technological underpinnings of a vehicle — will fit which products in a combined company. Because customers in different locations still prefer vastly different cars, there is room for multiple platforms in a combined group, Manley said. "That global platform is an elusive beast," he added. "This concept of a massive global platform in my mind is almost a myth, but that doesnÂ’t mean to say weÂ’re not going to recruit significant volume." Related Video:    

FCA recalls 2019-20 Ram 2500 and 3500 trucks for transmission fluid leak

Once transmission fluid goes into the transmission, there's a general expectation that it will stay inside. On some 2019-2020 Ram 2500 and 3500 trucks, that ain't happenin'. Fiat Chrysler Automobiles (FCA) and the National Highway Traffic Safety Administration (NHTSA) opened a recall campaign on January 24,  due to transmission fluid leaking from the dipstick tube on vehicles with a six-speed automatic (codenamed 68RFE) transmission.  NHTSA recall No. 20V043000 states that 84,978 trucks are potentially affected. On select Ram work trucks, "a buildup of pressure and heat inside the transmission may result in a transmission fluid leak." Due to the location of where the leak might occur, the transmission fluid could drip onto the nearby turbocharger or "another ignition source within the engine compartment." Should this occur, it's a fire risk. The recall breaks down to 64,590 units of the 2500 pickup and 19,612 of the 3500. FCA estimates that only 1% of the roughly 85,000 vehicles have the defect.  As a fix, Chrylser will replace the transmission valve body separator plate and reprogram the powertrain control module. Chrysler will officially begin the recall process on March 14, and all owners will be notified. Related Video:    

2015 Ram Promaster City will work for $23,130*

Need a cargo van, but nothing too big? Fiat Chrysler Automobiles could have the answer in the form of its new Ram ProMaster City. Essentially a domesticated version of the Fiat Doblo, the ProMaster City joins the Ram family as the baby brother to the larger ProMaster (née Fiat Ducato). But if you've been wondering how much one will set you back, Auburn Hills has now announced pricing.
The 2015 Ram ProMaster City Tradesman Cargo starts things off with a $23,130 MSRP, plus a $995 destination charge. Upgrade to the Tradesman SLT Cargo and you'll be looking at $24,655, while the passenger-oriented Wagon and Wagon SLT start at $24,130 and $25,655 respectively (again, plus $995).
The base delivered price of $24,125 makes the new Ram ProMaster City more expensive than its competition, with the Nissan NV200 the cheapest in the segment at $21,605, the Chevy City Express starting at $22,950 and the Ford Transit Connect starting at $23,125 (all prices including destination fees).