Fabulous - Classic Fiat 500 on 2040-cars

Auto blog

Toyota, Ford not interested in FCA merger

Sergio Marchionne will preach the benefits of mergers to anyone who'll listen, but his calls for industry consolidation may be falling on deaf ears. At least, that is, the ears of those who the Fiat Chrysler chief would most like to bend. Not only is General Motors uninterested, but according to The Detroit News, neither are Toyota or Ford. "It's something we would not be interested in," said Toyota's North American chief Jim Lentz, at the groundbreaking ceremony for the new Toyota Technical Center. "At 10 million (vehicles) we have enough scale right now to do what we need to do. There really would be no advantage for us." Toyota isn't the only one unenthused by the prospect of merging with Fiat Chrysler Automobiles. The Detroit News also reports that Ford, though it may yet to have been approached by Marchionne, wouldn't be interested either. "We're not a suitor for FCA," said Ford CFO Bob Shanks. "We don't see that type of opportunity as one that applies to us." With GM, Toyota, and Ford expressing disinterest in Marchionne's merger idea, the FCA chief will likely start looking elsewhere – or look for other ways to compel his primary candidate to reconsider. He may eventually find a partner – more likely in the Far East or within Europe – but it may not take the form of the major player Sergio has hoped for. News Source: The Detroit NewsImage Credit: Bill Pugliano/Getty Chrysler Fiat Ford Toyota Sergio Marchionne FCA merger fiat chrysler automobiles

Fiat Titano revealed as rugged, body-on-frame pickup for global markets

Fiat has never sold a truck in the United States, but its name has appeared on a diverse selection of pickups in global markets. The brand's latest entry into the segment is named like a Nissan, shaped like a Peugeot, and due out on at least two continents in the coming months. Product planners opened a book about Greek mythology when the time came to name the truck. Nissan has already claimed the "Titan" nameplate, so Fiat picked the Italian spelling: Titano. The pickup's ties to Greece and Italy end there. It's a badge-engineered version of the Peugeot Landtrek, which was developed jointly with China-based Chang'an and has been on sale in a handful of countries since 2020. Like the Landtrek, the Titano stretches 212.2 inches long in double-cab configuration, 75.6 inches wide, and 71.6 inches tall. These figures make it about an inch longer, almost exactly as wide, and around three inches lower than the latest version of the Ford Ranger. Buyers in some markets, like Algeria, will also have a 209.8-inch long single-cab version to choose from. The line-up also includes several trim levels ranging from basic variants with black bumpers and steel wheels to more upmarket-looking versions with alloy wheels and a touchscreen. On the Algerian market, power for the Titano comes from a 1.9-liter turbodiesel four-cylinder engine rated at 147 horsepower and 258 pound-feet of torque. Rear-wheel-drive and a six-speed manual transmission come standard, and four-wheel-drive is optional. The truck offers a 2,500-pound payload, though its towing capacity hasn't been published, and it features old-school rear leaf springs in the name of simplicity. Fiat singled out Algeria and Brazil as the Titano's main markets, though the model could later land in other countries. On the Brazilian market, it will join a pair of unibody models called Strada and Toro, respectively. Don't expect to see it in the United States, however.

Fiat Chrysler and PSA boards sign off on merger

MILAN — The boards of French carmaker PSA, the owner of Peugeot, and Fiat Chrysler in separate meetings on Tuesday approved a binding agreement for a $50 billion merger, sources said. The two midsized carmakers announced plans six weeks ago for a tie-up to create the world's No. 4 carmaker and reshape the global industry. A merger is seen helping them deal with big challenges in the industry, including a global downturn in demand and the need to develop costly cleaner cars to meet looming anti-pollution rules. Both companies declined to comment. A source close to FCA had said earlier the two companies could formally announce the agreement early on Wednesday, followed by a conference call to explain further details later in the day. China's Dongfeng Motor Group, which now has a 12.2% equity stake in PSA, will have a reduced stake of around 4.5% in the merged group, two sources said, in a move that could help make regulatory approval easier. According to the deal approved by PSA's board on Tuesday, FCA's robot unit, Comau, will remain within the combined group rather than be spun off as was originally planned in October, the sources said. The new group will evaluate how to extract value from Comau. 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 are expected to finalise a deal by the end of 2020 to create a group with 8.7 million annual vehicle sales, a source said. That would put it fourth globally behind Volkswagen AG, Toyota and the Renault-Nissan alliance. It was only six months ago that FCA abandoned merger talks with PSA's French rival Renault. FCA would gain access to PSA's more modern vehicle platforms, helping it meet tough new emissions rules, while Europe-focused PSA would benefit from FCA's profitable U.S. business featuring brands such as Ram and Jeep. However, the deal could still face close regulatory scrutiny, while governments in Rome, Paris and unions are all likely to be wary about potential job losses from a combined workforce of around 400,000. 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.