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2017 Chrysler Pacifica is perfect for town and country
Mon, Jan 11 2016The Pacifica has returned. In a surprising move, Chrysler revived the name of its old three-row CUV for the long-serving Town & Country's replacement. That's a bold strategy. Let's see if it pays off. Chrysler's new minivan offers a tremendous improvement on its predecessor in terms of interior and exterior design, available technology, and powertrain. Design inspiration is most clearly drawn from the brand's 200 sedan, both inside and out. Gone are the egg-crate grille, blocky headlights, and vertical taillights of the old van, all of which have been replaced with slim, stylish units. Doubtlessly destined for high-end trims, Chrysler will also offer a 200-style, two-tone interior with over 35 inches of screen real estate. 8.4 inches are reserved for the central UConnect display, while drivers have their own seven-inch display in the instrument cluster. As for the kiddies, they're the big winners, with a pair of ten-inch touchscreen displays in the back. Underhood, the big news is reserved for the new plug-in-hybrid powertrain. You can read all about that here. For right now, we'll focus on the familiar 3.6-liter Pentastar V6 and its accompanying nine-speed automatic transmission. There is 287 horsepower, 262 pound-feet of torque, and what will likely be a healthy improvement in fuel economy over the old Town & Country. You can read much more on the all-new Pacifica from our original post last night. We've also got a fresh gallery of live images from its big debut here at Detroit's Cobo Center, available up top.
Ferrari raises $893M, valued at $12B
Wed, Oct 21 2015Ferrari's stock is moving as quickly on the New York Stock Exchange as the brand's iconic sports cars do on the road. The company's incredibly popular initial public offering has already raised $893.1 million by virtue of 17.18 million shares sold for $52 apiece. If the deal's underwriters buy in as well, the figure would grow to $982.4 million. Plus, even after shouldering some of FCA's debt, the automaker carries an enterprise value of $12 billion, Bloomberg reports. Just as the company starts trading on the New York Stock Exchange, the share price is already racing upward, too. As of this writing, Ferrari stock, which is listed under the symbol RACE, is priced at $57.59. At its high so far today, the value reached as high as $60.95. While Ferrari is looking strong, the big winner in this success looks to be FCA because the company should raise $4 billion in the spin-off, according to Bloomberg. With nine percent of the sports car maker on the NYSE and one percent for the underwriters, another 80 percent will be distributed to FCA investors in 2016. When that's through, Exor, the holding company for the Agnelli/Elkann family, should have the largest stake at about 30 percent. Piero Ferrari holds the remaining 10 percent and has no intention to sell it. Related Video: FCA Announces Pricing of Initial Public Offering of Ferrari N.V. Common Shares Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari N.V. ("Ferrari") announce today the pricing of Ferrari's initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.1 million ($982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016. UBS Investment Bank is acting as Global Coordinator for the offering.
2020 Chrysler Pacifica Review & Buying Guide | A marvelous minivan
Thu, Feb 20 2020The 2020 Chrysler Pacifica is one of our favorite minivans, and the plug-in hybrid version, the Pacifica Hybrid, is even better. Roomy, comfortable and — dare we say — stylish, itÂ’s good enough to at least garner consideration from folks who would otherwise not be caught dead driving a minivan. It also offers a ton of standard and optional features to make life better for the driver up front all the way back to the kids seated in the comfy third row. While the well-mannered and techy Honda Odyssey is also worth cross shopping, we think the Pacifica is practical and enjoyable enough that weÂ’d even choose it over a lot of three-row crossovers. What's new for 2020? For the 2020 model year, Chrysler drops the L and LX trims, replacing them with a budget minivan that bears its own nameplate — the Chrysler Voyager — and starts at $28,480. That means the cheapest Pacifica you can get is the Limited trim, starting at $35,240. There are also a few extra features added here and there to the various trim levels, but nothing major apart from the flashy Red S Appearance Package available on the Limited versions of both the Pacifica and Pacifica Hybrid. This gets red and black Nappa leather upholstery, grey contrast stitching and piping, some red S emblems inside and out black 20-inch alloy wheels (18-inch on the Hybrid), Harman Kardon sound system and an advanced safety package. There are more significant changes in store of the Pacifica later this year when the 2021 model arrives, including some design tweaks and the addition of available all-wheel drive. What's the Pacifica interior and in-car technology like? The Pacifica interior is a lovely place to spend time. Up front, thereÂ’s plenty of room to stretch out, and lots of places to stash items within easy reach. WeÂ’re big fans of the huge cupholders, which are capacious enough to house two 32-ounce Nalgene water bottles side by side. The materials are nice, with good attention to detail. We were quite fond of the perforated leather seats, smooth leather steering wheel and attractive stitching in our long-term Pacifica Hybrid tester. As for tech, thereÂ’s plenty, and itÂ’s good. We like the big multimedia touchscreen in the center stack, and find this iteration of ChryslerÂ’s Uconnect multimedia system to be intuitive and responsive. The Pacifica offers a number of helpful driver aids, including adaptive cruise control and plenty of parking cameras.