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Ram and Fiat Professional announce plans for new trucks, vans starting in 2015

Ram Trucks CEO and President Reid Bigland got his turn among the executives elucidating the near-term futures for brands in the Fiat Chrysler Automobiles umbrella, laying out the plans for both Ram trucks and Fiat Professional. After Bigland said that the company "will continue to invest heavily in commercial vehicles" for the Italian arm, he didn't give many specifics as to where that investment would go. What we do know for now is that a new Fiat Doblo will come next year - that's the truck we've been catching spy shots of and that will be the basis for the Ram ProMaster City.
In 2016 will come the next-generation Fiorino, a small cargo van sold in markets outside the US as a Fiat, as the Citroën Nemo and Peugeot Bipper. The European and South American markets will also get a new midsize pickup that same year.
Bigland's goal for Ram Trucks and Ram commercial is just a touch more ambitious: "Build the best pickup trucks and commercial vehicles in the industry" and increase NAFTA-market sales from 463,000 in 2013 to 620,000 in 2018. The waypoints along that road include a refresh for the Ram 1500 in 2015 and then a brand new 1500 to come two years later in 2017. Bracketing that, a refresh for the Heavy Duty lineup happens in 2016, and two years later it will also get an all-new generation.

Fiat Chrysler shares get a boost after revised Stellantis merger deal with PSA

MILAN — Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world's fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in Fiat Chrysler rose almost 8% by 1000 GMT, while PSA gained 1.5%. Under the revised terms, FCA will cut from 5.5 billion euros ($6.5 billion) to 2.9 billion euros the cash portion of a special dividend its shareholders are set to receive on conclusion of the merger. However, PSA will for its part delay the planned spinoff of its 46% stake in car parts maker Faurecia until after the deal is finalized. That means all Stellantis shareholders — and not just the current PSA investors - will get shares in a company which has a market value of 5.8 billion euros. Based on Stellantis' 50-50 ownership structure, FCA and PSA respective shareholders will each receive a 23% stake in Faurecia. Analysts welcomed the 2.6 billion euros in additional liquidity for Stellantis' balance sheet as well as the increase in projected synergies to more than 5 billion euros from 3.7 billion. There was also further reassurance as the two companies confirmed they expected the deal to close by the end of the first quarter of 2021. "All told, the two players emerge as winners," broker ODDO BHF said in a note. "Of the two, FCA might be a bit more of a winner in the short term given the structure of the deal and the numerous payouts to shareholders to come in the quarters ahead (potentially close to 5 billion euros versus the current capitalization of around 16 billion euros)." The special dividend for FCA shareholders had proved contentious after Italy offered state guarantees for a 6.3 billion euro loan to the company's Italian business. "These announcements should, at last, end the debate over the financial terms of the merger, which had become a big topic and was still penalizing the two groups' share performances," ODDO BHF said. PSA and FCA said they would consider paying out 500 million euros to shareholders in each firm before closing or else a 1 billion euro payout to Stellantis shareholders afterwards, depending on market conditions and company performance and outlook.

2019 Fiat 500X refresh revealed for Europe

Jeep revealed the lightly refreshed Renegade subcompact crossover earlier this summer for the European market, so it's only natural that its fraternal twin, the 2019 Fiat 500X, would get a very similar type of makeover. Currently the refresh is only confirmed for Europe, but expect similar changes to arrive in the U.S. Visually, it's only subtly different. The headlights now feature LEDs for both accents and forward illumination, and they're slightly reshaped. The taillights are now rings that have body-color inserts in the middle, similar to those of the regular Fiat 500. The rest of the body is pretty similar to the current one, but a number of character lines have been given sharper creases. The interior is also pretty much the same except for a revamped instrument cluster. The big changes, as with the Renegade, are under the hood. Three gasoline engine options will be available, two of which are turbocharged. The smaller of the turbo engines is a 1.0-liter three-cylinder engine making 120 horsepower and 140 pound-feet of torque. The larger turbo engine is a 1.3-liter four-cylinder engine making 150 horsepower and 199 pound-feet of torque. Interestingly, there's no 180-horsepower version of the 1.3-liter engine listed, as there is with the Renegade. There's also a naturally aspirated 1.6-liter four-cylinder making 110 horsepower that's a carryover from the old model. Diesel engines will continue to be available on the 500X as well. They're all four-cylinder engines in 1.3-, 1.6-, and 2.0-liter displacements, from 95 horsepower up to 150 horsepower. Four transmissions are available to connect to these engines. They include a five-speed manual, a six-speed manual, a six-speed dual-clutch transmission and a nine-speed automatic. Front- or all-wheel drive is also available. Of the powertrains available for the European market, the turbocharged gas engines are probably the only ones coming to the U.S. Pricing hasn't been listed for any markets, but expect that and U.S.-market specific details to come later this year. Related Video: Featured Gallery 2019 Fiat 500X Euro-spec View 17 Photos Image Credit: Fiat Fiat Crossover SUV fiat 500x