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Stellantis mega-merger gets approval from FCA, PSA shareholders

MILAN — Shareholders of Fiat Chrysler and PSA Peugeot decisively voted Monday to merge the U.S.-Italian and French carmakers to create worldÂ’s 4th-largest auto company. Addressing separate meetings, both PSA Peugeot CEO Carlos Tavares and Fiat Chrysler Chairman John Elkann spoke of the “historic” importance of the vote, which combines legacy car companies that helped write the industrial histories of the United States, France and Italy. Before the merger is finalized, shares in the new company, to be called Stellantis, must the launched. It will be traded in Milan, New York and Paris. The marriage of PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in a global market still suffering from the pandemic. The deal will create the worldÂ’s fourth-largest carmaker, with the capacity to produce 8.7 million cars a year, behind Volkswagen, Toyota and Renault-Nissan, and create 5 billion euros in annual synergies.  “We are fully aware of the fact that together we will be stronger than individually,'' PSA CEO Carlos Tavares told a virtual gathering of eligible shareholders. “The two companies are in good health. These two companies have strong positions in their markets.” The new company will put together under one roof French mass-market carmakers Peugeot and Citroen, top-selling Jeep and Italian luxury and sports brands Maserati and Alfa Romeo - pooling companies that have helped define the industry in the United States, France and Italy. While the tie-up is billed as a merger of equals, the power advantage goes to PSA, with Tavares running Stellantis and holding the tie-breaking vote on the 11-seat board. Tavares is set to take full control of the company early this year, possibly by the end of January. Fiat Chrysler chairman John Elkann, heir to the Fiat-founding Agnelli family and Fiat ChryslerÂ’s biggest shareholder, will be the Stellantis chairman. Fiat Chrysler CEO Mike Manley will head North American operations, which is key to Tavares' long-time goal of getting a U.S. foothold for the French carmaker he has run since 2014, and the clear money-maker for Fiat Chrysler. Such a deal was long wanted by Fiat ChryslerÂ’s long-time CEO Sergio Marchionne, who had predicted the necessity of consolidation in the industry. He was unable to find a deal before his sudden death in July 2018.

SRT back to Dodge, Dart SRT, new Challenger, Charger and Caravan's death outlined in 5-yr plan

The onslaught of news from Fiat Chrysler's layout of five-year plans continued with Dodge CEO Tim Kuniskis this morning, including the unexpected announcement that SRT was coming back into the fold.
After just a few years existing as an independent entity within the Fiat Chrysler universe, an unceremonious press release hit in conjunction with today's lineup of announcements, saying "the SRT family of vehicles will be consolidated under the Dodge brand." Group CEO Sergio Marchionne thanked SRT headman Ralph Gilles for his dedication to the high-performance wing, calling out is efforts in expanding the vehicle lineup and including more customized models. He did not reference disappointing SRT Viper sales today, but we sense there's a bit of subtext.
With the SRT reunion at Dodge, it's appropriate that some of the most exciting product announcements for the next five years have to do with upcoming performance products. First out of the gate will be a refresh for that flagging Viper in 2015, which comes as little surprise.

Armormax loads a bulletproof Dodge Hellcat AWD Police Special

Earlier, we wrote about the Armormax armored Tesla Model S P100D, which International Armoring Corporation called the fastest armored car in the world. As the company also outfits cars such as Dodge Chargers, it's only logical that the showcase car is a SRT Hellcat — but the interesting thing is that the company can also upgrade the Hellcat to all-wheel drive, as Armormax told Motor Authority. When ordering an armored Charger SRT Hellcat, the AWD implementation is just a matter of ticking the corresponding box. The Armormax Charger SRT Hellcat seen here is also outfitted with police patrol car gear, complete with a push bar, run-flat tires, ballistic bulletproof glass and a mean matte black wrap. Even if the 6.2-liter, supercharged Hellcat powertrain probably has no problem hauling an armored bodyshell around, it's likely that the company has used the same synthetic fiber laminate on the Charger as on the Tesla. The bulletproof Tesla's weight gain was a negligible 11 percent, and while the Charger is a lighter car to begin with, avoiding using regular-issue ballistic steel seems to be the way to go if you want to keep the curb weight in check. The Hellcat's battery, radiator, fuel tank and ECU also get their share of protective covering, so that the vehicle is harder to disable. Paneling is available in ballistic protection levels ranging from B4 (can withstand a .30-caliber lead-core softpoint bullet) to B7 (can withstand a 9mm full-copper jacket). And while pricing isn't announced, it is likely to depend on how much protection is applied on the Hellcat and whether all four wheels are powered. A stock one is priced at $65,345. Related Video: