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FCA compromises with France, moving Renault merger bid forward

FRANKFURT/PARIS – Renault directors were preparing to review Fiat Chrysler's $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault's board to approve a framework agreement beginning the long process of a full merger, unless new issues surface at the meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on CEO appointments. But after late-night talks with FCA Chairman John Elkann, the French government has accepted a compromise that would see it occupy one of four board seats allocated to Renault, balanced by four FCA appointees, the sources said. Renault would also cede one of its two seats on a four-member CEO nominations committee to the French state, they said. Renault, FCA and the French government all declined to comment on the discussions. The same evening that the compromise was was negotiated, activist hedge fund CIAM wrote to the board of Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler. Calling the deal "opportunistic," the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium. (Reporting by Arno Schuetze and Laurence Frost; additional reporting by Giulio Piovaccari in Milan and Simon Jessop; editing by Jason Neely and Rachel Armstrong) Government/Legal Chrysler Fiat Mitsubishi Nissan Renault merger

2020 Chrysler Pacifica Review & Buying Guide | A marvelous minivan

The 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.

Mystery shoppers love Infiniti, hate Tesla

Infiniti, followed by Lexus tied with Mercedes-Benz took the top two spots for best sales experience according to mystery shoppers from the latest Pied Piper Prospect Satisfaction Index, while EV manufacturer Tesla recorded the lowest overall score. Not surprisingly, premium brands dominated the top ranks. Including the three already mentioned, luxury brands occupied seven of the top ten spots and included Audi, BMW, Porsche, and the only American brand to crack the upper echelon, Cadillac. Toyota, Volkswagen, and Nissan rounded out the first ten positions. The news for domestic automakers isn't good. Aside from Caddy, the only other star-spangled automaker to score above the industry average is Chrysler. The rest of FCA, most of GM, and all of Ford fell below the line. But Pied Piper's mystery shoppers handed Tesla the biggest walloping – the company is ten full points below the next lowest brand, Volvo, and its score of 86 is 17 below the average of 103. It's baffling, considering the company's touted direct-sales model. "Tesla leaves me scratching my head," Fred O'Hagan, Pied Piper's president and CEO, told Wards Auto. "They own all of their stores, so you would think each one would be doing the same thing. But they're not. Tesla is consistent in its inconsistencies." O'Hagan added that there's a "huge variation" in Tesla's store-to-store effectiveness, and that in some cases, shoppers found showroom workers that acted more like "museum curators," Wards Auto reports. It might be popular to call Tesla the Apple of the car world, but based on Pied Piper's work, the brand has a long way to go to emulate the uniform shopping experience of an Apple Store. The news might be bad for Tesla, but even for the brands that scored below average, there's cause for celebration. Only Tesla and Mini lost points in this year's rankings, and only Mercedes and Lincoln held steady. Every other brand, including Infiniti, which topped the index for the first time, gained at least one point. The biggest improvements belong to Porsche, Land Rover, and Mitsubishi, which all jumped five points. Pied Piper's annual Prospect Satisfaction Index uses mystery shoppers – over 6,100 this year – from across the country to assess dealers and generate rankings from over 50 individual factors. News Source: Pied Piper via WardsAuto Green Audi BMW Cadillac Chrysler Infiniti Lexus Mercedes-Benz Nissan Tesla Toyota Car Buying Car Dealers study