2003 Dodge Ram 2500 Quad Cab Long Bed Pickup on 2040-cars

Auto blog

Fiat Chrysler and Peugeot boards meet to finalize merger

MILAN/PARIS — The boards of Fiat Chrysler Automobiles and Peugeot will meet separately on Tuesday to discuss finalizing an initial agreement for a $50 billion merger to create the world's number four carmaker, sources said. A source close to FCA said the two companies could announce the signing of a binding memorandum early on Wednesday, followed by a conference call to explain further details later in the day. The two mid-sized carmakers announced plans six weeks ago for a tie-up to help them deal with big challenges in the industry, including a global demand downturn and the need to develop costly cleaner cars to meet looming anti-pollution rules. Ahead of the meetings, entities representing the Peugeot family, Etablissements Peugeot Freres (EPF) and FFP, unanimously approved a proposed memorandum of understanding for the planned merger, a source familiar with the situation said. FCA and PSA have said they would seek to finalize a deal by year-end to create a group with 8.7 million in annual vehicle sales. That would put it fourth globally behind Volkswagen, Toyota and the Renault-Nissan alliance. PSA's Carlos Tavares will be chief executive and FCA's John Elkann — the scion of Italy's Agnelli family, which controls FCA through their holding company Exor — chairman of the combined company. The group will include the Fiat, Jeep, Dodge, Ram, Chrysler, Alfa Romeo, Maserati, Peugeot, DS, Opel and Vauxhall brands, allowing it to serve mass and premium passenger car markets as well as those for trucks and light commercial vehicles. Related Video:       Chrysler Dodge Fiat Jeep RAM Citroen Peugeot

1972 Dodge Challenger on an M1009 CUCV military frame is YES

The subject of this post is cause for celebration, not reason to ask "But why?" We don't know why this random Craigslist seller chose to marry the body of a 1972 Dodge Challenger with the frame and axles from a 1987 Chevrolet M1009 military vehicle. We're here to appreciate it, thanks to The Drive, and maybe spend some time after dinner considering whether to buy it. Now that we're on the same page, an owner in Tucson wants to rid his garage — or his Bullet Farm — of what appears to be an exceptionally well built conversion. Starting from the bottom, the M1009 CUCV, for Commercial Utility Cargo Vehicle or "Cuckvee," emerged from a program turning K5 Blazers into supply rigs that were meant to support hardcore hardware like the AM General Humvee. The M1009 got GM's 6.2-liter Detroit Diesel V8, a TH400 transmission, an NP-208 chain-driven transfer case, a 10-bolt rear axle and 3.08 gears. Produced from 1983 to 1987, they returned "less than desirable" results in the field and the military unloaded them. Not much of that remains for this build. The diesel got dropped, replaced by a 5.7-liter GM gasser with a four-barrel carb and long-tube headers, shifting though a 4L80E automatic transmission attached to a U.S. Shift Quick 1 transmission controller in the cabin. The seller doesn't mention output, but if it's a more recent Chevy 350 then it'll certainly provide a healthy bump over the maximum 160 horsepower from the diesel, especially running through a custom Flowmaster dual exhaust. An NP-205 two-speed transfer case switches between 2H, 4L, and 4H. The Dana 44 front and Dana 60 rear axles feature lockers and 3.52 gearing in back. Skyjacker Black Max provides the suspension to keep the 37-inch BFG KM2 on the pavement or the dirt. About 11,000 miles ago the owner rebuilt and upgraded the drivetrain, installing new accessories like a high-rise intake, four-core radiator, new alternator and Holley fuel pump. Losing the K5 body for an E-body Challenger cap means losing M1009 features like the rifle rack and gas can mounts. But you gain style, something real hard to find on a vehicle stout enough to back you up when you tell the crew, "I've been to hell and I'm going back." As part of that rebuild a few miles back, the minimalist interior got all new panels, dash and custom gauges, headliner, seats, and a Sony audio system with Alpine amps, a sub, and Kenwood speakers.

The UAW's 'record contract' hinges on pensions, battery plants

DETROIT - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path to full-time, full-wage status. All three have proposed slashing the time it takes a new hire to get to the top UAW pay rate. The progress in contract talks follows the first-ever simultaneous strike by the UAW against Detroit's Big Three automakers. The union began the strike on Sept. 15 in hopes of forcing a better deal from each major automaker. But coming close to a deal is not the same thing as reaching a deal. Big obstacles remain on at least two major UAW demands: restoring the retirement security provided by pre-2007 defined benefit pension plans, and covering present and future joint- venture electric vehicle battery plants under the union's master contracts with the automakers. On retirement, none of the automakers has agreed to restore pre-2007 defined-benefit pension plans for workers hired after 2007. Doing so could force the automakers to again burden their balance sheets with multibillion-dollar liabilities. GM and the former Chrysler unloaded most of those liabilities in their 2009 bankruptcies. The union and automakers have explored an approach to providing more income security by offering annuities as an investment option in their company-sponsored 401(k) savings plans, people familiar with the discussions said. Stellantis referred to an annuity option as part of a more generous 401(k) proposal on Sept. 22. Annuities or similar instruments could give UAW retirees assurance of fixed, predictable payouts less dependent on stock market ups and downs, experts said. Recent changes in federal law have removed obstacles to including annuities as a feature of corporate 401(k) plans, said Olivia Mitchell, a professor at the University of Pennsylvania Wharton School and an expert on pensions and retirement. "Retirees want a way to be assured they won't run out of money," Mitchell said.