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Stellantis is official: FCA and PSA merger finally sealed

MILAN — Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the Italian-American and French automakers to finalize the $52 billion deal, during which the global economy was upended by the COVID-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. "The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today," the two automakers said in a statement. Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday. Now analysts and investors are turning their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE's bell with Chairman John Elkann. FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros ($6.1 billion) without plant closures, and investors will be keen for more details on how it will do this. Marco Santino, a partner at consultants Oliver Wyman, said he expected Tavares to disclose the outlines of his action plan soon, but without divulging too many details at first. "He has proven to be the kind of person who prefers action to words, so I don't think he will make loud statements or try to over-sell targets," he said. Like all global automakers, Stellantis needs to invest billions in the years ahead to transform its vehicle range for the electric era. But other pressing tasks loom, including reviving the group's lagging fortunes in China, rationalizing its huge global empire and addressing massive overcapacity. "It will be a step by step process, also to allow the market to better appreciate every single move. I don't think we will have all the details before one year," Santino said.

Petrolicious profiles an heirloom Willys Jeep CJ-3B

Things tend to move pretty quickly in the automotive industry, but some icons that endure. Most of them are off-roaders – the Land Rover Defender, Mercedes G-Wagen, and of course the Jeep Wrangler. The latter traces its roots, of course, to the CJ-model Willys Jeep, built for civilian use in the wake of World War Two where it cut its teeth on the shores of Normandy and kicking off a legend that still endures over half a century later. For its latest video, Petrolicious profiles one such off-roader, and the man who owns it. That man is Larry Shank from California, and his ride is a 1953 Willys Jeep CJ-3B hooked up to a 1947 Ken-Skill Kustom Kamper Model 10. Both belonged to his father before him, and they would take family vacations in the wheeled pair from when he was young. His dad taught him to drive and maintain it, and they bonded over the shared experience. Shank still enjoys driving down the dirt roads and off the beaten paths of the American Southwest, and to hear him speak of it, he wouldn't trade in his Jeep for anything in the world. Watch his story unfold in the eight-minute video clip above to see what an enduring icon looks like. News Source: Petrolicious via YouTube Jeep SUV Off-Road Vehicles Classics Videos petrolicious willys

Woman and child die after Jeep gets stuck in mud

A Florida woman and her baby died over the weekend when their Jeep sank into deep mud during an off-roading trip. Taylor Brown took his girlfriend Hallie Lewis and their infant son Bryson off-roading in his Jeep Cherokee on Saturday night. The Jeep became stuck in thick mud, according to WESH. Brown got out of the vehicle while Lewis and Bryson remained inside. Using a winch, Brown tried – unsuccessfully – to free the Jeep. The Cherokee was left running as he struggled to pull it out of the mud. When he returned to the Jeep to check on his son and girlfriend, he found them unresponsive. Taylor pulled the two out of the back window, but it was too late. Lewis was pronounced dead at a nearby hospital. The baby died shortly thereafter. Police are still investigating, but their deaths appear to be a tragic accident due to carbon monoxide poisoning. The tailpipe of the Jeep was either submerged or caked with mud, allowing the deadly gas to build up inside the vehicle. News Source: WESH Weird Car News Jeep tailpipe carbon monoxide