2013 Fiat 500 Pop - Luce Blue Color - 4,500 Miles on 2040-cars

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Peugeot maker PSA posts record profits ahead of FCA merger

PARIS — Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA has trimmed costs in areas such as the procurement of components as it has integrated its acquisition of Opel and Vauxhall, boosting operating margins to 8.5% last year. The group, which also produces cars under the Citroen and DS brands, offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroen C5 Aircross helping to lift revenues by a higher-than-expected 1% to $81.2 billion (74.7 billion euros). That helped it stand out in a car market where some rivals including France's Renault have struggled with sliding revenues and profits, amid a broader downturn in demand. PSA's group net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels. The carmaker was "once again very solid", analysts at brokerage Oddo-BHF said in a note, adding the results confirmed the company's "best-in-class status." However PSA forecast a 3% contraction in Europe's car market this year, by far its biggest market. The tie-up with Fiat Chrysler will help it gain exposure to that group's strong presence in North America with brands like Jeep. The two companies struck a deal in December to create the world's No.4 carmaker, to better cope with market turmoil and the cost of making less-polluting vehicles. Fiat also posted more upbeat results than most rivals this year. CORONAVIRUS WEIGHS PSA boss Carlos Tavares told a news conference that the two groups were both in good shape and well placed to face market challenges together. He said he did not expect any major regulatory hurdles to the merger, adding it had so far submitted 14 approval requests to competition authorities out of the 24 it needs. There are no immediate plans to change anything in the large portfolio of brands within the combined group, he added. However the companies still face problems this year, including the coronavirus outbreak which has paralyzed production in China and hits carmakers' supply chain. PSA said the coronavirus impact was still difficult to assess. It factories in Wuhan, at the epicenter of the outbreak, are due to reopen in the second week of March.

2016 Fiat 500X Long-Term Wrap Up | Exceeds expectations

Compact crossovers are on the rise. Most shoppers are young and the competition reflects that. Everything, from our long-term 2016 Fiat 500X to the new Toyota C-HR or the upcoming Hyundai Kona, sells just as much on style as it does on substance. Our time with the 500X shows Fiat's entry into the segment has plenty of both. It's not as compromised as something like the Nissan Juke and not as sterile as the Honda HR-V. It proved to be a solid if occasionally troublesome vehicle. What were those troubles? A few wiring issues within the steering column sent car alarms blazing in the middle of the night. The same issue turned on the wipers when using the turn signal. The issues were fixed after a couple trips to the dealer. So yes, the local Fiat dealer did indeed have to fix it again. We did not confirm if the mechanic was named Tony. Still, it was charming and exceeded most of the Autoblog staff's expectations. Based on previous experiences with Fiats, we weren't sure how the 500X would fare over a year. Not all of our long-term cars leave a lasting impression, but we were sure sorry to see this one leave. Editor-in-Chief Greg Migliore - I always enjoy a night or weekend in the 500X. In fact, it was one of my go-to sign-outs. It's functional. It looks cool inside and out, and it's easy to drive. I dig the small hatchback/crossover vibe. There's room in the trunk for plenty of stuff and the back seat is reasonable for adults. This is the kind of vehicle that could turn Americans on to Fiat. It meets their needs and it's stylishly different. I like driving it. The transmission is a little weird with its shifts, but you get used to it. Sport mode makes the car a lot more responsive and it's a nice feature. The saddle brown interior looks great and held up well, and the exterior is cute with its peering headlights and subtle curves. I actually like driving this car, as opposed to our other recent long-termer, the HR-V, which was dull, slow and lacking in character. You chose the Fiat. You had to take the Honda. Executive Producer Adam Morath - I wanted to love this car, but it just wouldn't let me. First, the good: It's the best looking of the 500 lineup, offers nice utility in a stylish, compact package. The seats aren't going to offer tons of bolstering support, but they are wide and comfortable. Visibility and spacious cabin feel are also pluses. Finally, I love that you can get unique-looking materials to cover the seats.

Google-Chrysler autonomous project will include ride-sharing

Google's new Waymo automobile-technology division might have just gotten "way mo" interesting, if you'll excuse the pun. Google, which this spring said it would work with Fiat Chrysler Automobiles on the development of a self-driving Chrysler minivan prototype, is adding a ride-sharing component to the project, Bloomberg News says, citing people familiar with the process. Representatives with both Fiat Chrysler and Google parent Alphabet Inc. declined to comment to Bloomberg. The ride-sharing service, which would compete with fellow San Francisco Bay Area-based companies such as Uber and Lyft, may debut as soon as the end of next year. Uber continues to move forward with its own self-driving efforts, launching self-driving tests (with engineers behind the wheel) in Pittsburgh in September and announcing this week that it would start tests in San Francisco. Those efforts may be delayed, however, as the state of California requires special permitting for testing out self-driving technology, and while the state has granted those permits to automakers such as General Motors, Tesla and Ford, it hasn't for Uber. Google and Chrysler said earlier this year that it would develop about 100 autonomous-driving Pacifica prototypes, but the ride-sharing service would require more of those vehicles to be built. Google's auto-technology operations, now called Waymo, have been headed by former Hyundai executive John Krafcik since September 2015. The division has reportedly brought in more executive-level personnel to speed things along. Meanwhile, Chrysler is slated to unveil an all-electric prototype version of the Pacifica at Las Vegas's annual CES show next month. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.