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FCA CEO Mike Manley will take undefined new role after PSA merger

MILAN — Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot, Chairman John Elkann said on Wednesday. In a letter to Fiat Chrysler (FCA) employees on the day the two companies announced a binding agreement for a $50 billion tie-up to create the world's fourth-largest carmaker, Elkann said he was "delighted" that the combined group would be led by current PSA CEO Carlos Tavares. "And Mike Manley, who has led FCA with huge energy, commitment and success over the past year, will be there alongside him," he said. He did not say what position Manley would hold. Elkann — who will chair the new group — said there was still much to be done to complete the merger. "Over the coming months we must work tirelessly and determinedly to fulfill all the approval requirements needed to finalize the commitment we have signed," he said. Related Video:     Hirings/Firings/Layoffs Chrysler Dodge Fiat Jeep RAM Citroen Peugeot FCA PSA merger Mike Manley carlos tavares

Sunday Drive: Performance comes in many shapes and sizes

The Chevrolet Corvette has always stood out as a bastion of reasonably priced performance, and the latest 'Vette has that in spades. And while its expected starting price of around $120,000 certainly isn't cheap, it's an undeniable deal in the supercar world – remember, this thing'll do 210 miles per hour thanks to its 755-horsepower supercharged V8 engine. And did you get a load of that massive rear wing? Team Corvette's longtime foe, the Porsche 911, is similarly hellbent on ultimate performance. And as a reminder of how long the Corvette/911 rivalry has been melting tires we present the 1990 Porsche 911 as reimagined by Singer you see below. It's beautiful, it's green, and it's packing 500 air-cooled horsepower. You don't have to burn gasoline to go fast, as proven by the second-generation Tesla Roadster, which was revealed as a surprise late last week. Elon Musk says it'll be the quickest car in the world with a 0-60 time of just 1.9 seconds. And while you may not think of a semi truck when you think speed, the Tesla Semi can do 0-60 in 5 seconds flat unloaded, or in 20 seconds with a load of 80,000 pounds. Compared to today's crop of diesel semis, that's amazing. Continuing the truck theme, we present an artists rendering of what the next-generation Ram 1500 pickup may look like. Spoiler alert: Ram's mini-semi look is giving way to something much more modern. There may even be a first-of-its-kind split tailgate at the rear. And if you don't think the Ram 1500 has anything to do with performance, we should remind you that it's one of the cheapest ways to get a tire-shredding Hemi V8 engine in America. 2019 Chevy Corvette ZR1: All hail the 755-horsepower C7 king This is the first Porsche 911 to get Singer and Williams' 500-horsepower engine Tesla Roadster surprise reveal | 'Quickest car in the world' Tesla Semi Truck revealed: Here are the key details This could be the next-generation 2019 Ram 1500 2019 Ram 1500 spotted with split tailgate

2020 Ram EcoDiesel gets a price, will be a $4,995 option

Ram just officially announced pricing for the 2020 Ram 1500 EcoDiesel pickup truck. The cheapest diesel you’ll be able to buy starts at $38,585, including the $1,695 destination charge. That price gets you the Tradesman Quad Cab with rear-wheel drive. As a standalone option, the engine is listed at $4,995, which makes it the priciest engine on the Ram 1500Â’s list of powertrains. The next most expensive engine is the 5.7-liter V8 eTorque powertrain, which lists for $2,645 on RamÂ’s 2019 configurator. YouÂ’ll be able to get the EcoDiesel engine on any trim, including the Ram Rebel — this marks the first time that the Rebel is offered with a diesel option. The base price of only $38,585 on the Tradesman trim makes it the cheapest diesel option of the bunch, with both FordÂ’s and ChevyÂ’s diesel engines coming in at higher trims and higher prices. FordÂ’s F-150 Power Stroke starts at $46,255, and the Silverado Duramax comes in at $42,385. Step up to comparable trim levels in the Ram, and things get more competitive. However, if you want the cheapest diesel out there, the Ram is your best bet. What youÂ’re getting is a 260-horsepower 480-pound-foot 3.0-liter turbocharged V6 engine. The max towing capacity is also the highest among the three at 12,560 pounds. You can pair rear-wheel drive or four-wheel drive with the engine.  WeÂ’re still waiting on EPA fuel economy figures, but itÂ’ll be difficult to beat the Chevy Duramax in this area. That truck is capable of 33 mpg on the highway, while the F-150 can hit 30 mpg in its most fuel-efficient trim. Chevy says it gave a little bit up in towing to hit that spectacular figure, so weÂ’ll be curious to see what the towing king of the segment will be able to muster. Ram says the numbers will be available when the truck goes on sale early in the fourth quarter this year. Until then, the 2019 Ram 1500 Classic is available with the previous-generation EcoDiesel engine, and it can be had for $40,835.