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Stellantis mega-merger gets approval from FCA, PSA shareholders

MILAN — Shareholders of Fiat Chrysler and PSA Peugeot decisively voted Monday to merge the U.S.-Italian and French carmakers to create worldÂ’s 4th-largest auto company. Addressing separate meetings, both PSA Peugeot CEO Carlos Tavares and Fiat Chrysler Chairman John Elkann spoke of the “historic” importance of the vote, which combines legacy car companies that helped write the industrial histories of the United States, France and Italy. Before the merger is finalized, shares in the new company, to be called Stellantis, must the launched. It will be traded in Milan, New York and Paris. The marriage of PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in a global market still suffering from the pandemic. The deal will create the worldÂ’s fourth-largest carmaker, with the capacity to produce 8.7 million cars a year, behind Volkswagen, Toyota and Renault-Nissan, and create 5 billion euros in annual synergies.  “We are fully aware of the fact that together we will be stronger than individually,'' PSA CEO Carlos Tavares told a virtual gathering of eligible shareholders. “The two companies are in good health. These two companies have strong positions in their markets.” The new company will put together under one roof French mass-market carmakers Peugeot and Citroen, top-selling Jeep and Italian luxury and sports brands Maserati and Alfa Romeo - pooling companies that have helped define the industry in the United States, France and Italy. While the tie-up is billed as a merger of equals, the power advantage goes to PSA, with Tavares running Stellantis and holding the tie-breaking vote on the 11-seat board. Tavares is set to take full control of the company early this year, possibly by the end of January. Fiat Chrysler chairman John Elkann, heir to the Fiat-founding Agnelli family and Fiat ChryslerÂ’s biggest shareholder, will be the Stellantis chairman. Fiat Chrysler CEO Mike Manley will head North American operations, which is key to Tavares' long-time goal of getting a U.S. foothold for the French carmaker he has run since 2014, and the clear money-maker for Fiat Chrysler. Such a deal was long wanted by Fiat ChryslerÂ’s long-time CEO Sergio Marchionne, who had predicted the necessity of consolidation in the industry. He was unable to find a deal before his sudden death in July 2018.

2015 Jeep Renegade First Drive [w/video]

Would it surprise you to hear that a strong, vocal and loyal owner base can sometimes be a hindrance to automakers? Of course, no brand would ever admit such a thing. And sure, on the surface, you might think that having people passionately champion a brand would provide nothing but perks. As we've seen over the years, though, there are plenty of times when that's not the case. Jeep has most recently fought this battle following the arrival of the new Cherokee, where two-tracking purists and rock-crawling enthusiasts bemoaned the nameplate's dip into Crossoverdom. Now, with its latest vehicle, the off-road brand is trying to keep this vocal minority happy (or at least quiet) while building a crossover that has general-purpose appeal to consumers in an increasingly crowded and important small CUV market. This balancing act has produced the 2015 Renegade, a vehicle that, following our testing in sunny San Jose, CA, we're quite confident will appeal to both brand loyalists and the uninitiated, alike. Before we dig into the meat of our First Drive, if you're here looking for a review of the Renegade Trailhawk and its off-road abilities, you're out of luck. We did drive it, both on- and off-road, and will be publishing a feature on it in the very near future. But for now, we're focusing on the volume model, the Renegade Latitude. Instead of the off-roader-meets-E.T. appearance of the Cherokee that's polarized so many, Jeep has dipped its brush in the tin marked "Heritage," fitting a simple seven-slat grille, historically appropriate round headlights and square taillights. In between all that, there are flared trapezoidal wheel arches, like you'd get on a classic CJ or MB, tall windows to let in plenty of light and short overhangs. It's not the broader strokes that contribute to the Renegade's adorably busy exterior, so much as the myriad of smaller styling details that visually attach this new model to Jeeps of the past. The hood is long and mostly flat, forcibly recalling the bonnet of the original Willys MBs and Ford GPWs that US troops used to strategize, sermonize and operate on during World War II. But rather than make it flush with the grille, it bleeds over the headlights, like the front of an infantryman's helmet. The X shape found throughout the car is reminiscent of military-style jerry cans, while the mirrors are door-mounted, like Jeeps of old. The roof, meanwhile, can be blacked-out, further linking the Renegade to its big brother, the Wrangler.

The Jeep Wrangler is finally getting modern headlights for 2017

Some of Jeep's headlights leave a lot to be desired – namely light output. In particular, the halogen lamps on the Wrangler and Cherokee have been called out by the IIHS as among the worst on the market. Things should improve for 2017, as Jeep is addressing the sorry illumination by adding LED or HID headlight options for the Wrangler, Cherokee, and Renegade. Thank heavens (or, you know, the IIHS for upping its lighting requirements). In the Wrangler's case, the decision to develop an LED for a single model year of the JK before its replacement arrives – or two if you count the extended run of the current model alongside the new one – might seem strange, but we aren't complaining. The current headlights are one retro cue that sorely needed eradicating, plus this almost guarantees LEDs for the next-gen model. Any 2017 Wrangler can be equipped with the new LED headlights and fog lights – the LED lighting group will be optional on the Sport and Sport S, and standard on Sahara and Rubicon. The Cherokee is a slightly different story – HID headlights are currently optional on that model's Limited and High Altitude trims and standard on the range-topping Overland. Next year, the brighter, more focused lamps will be standard on everything but the base Sport model, where they'll be optional. For the wee Renegade, meanwhile, HIDs are a "late availability" option as part of the safety and security group on Latitude, Limited, and Trailhawk trim levels. If you want a 2017 Renegade Sport with the better lights, though, you're out of luck. Jeep hasn't announced pricing for its 2017 offerings, so we don't know what sort of premium the LED and HID headlamps will add. We just know that whatever the price, it will be worth it. And you can bet each unit will have some sort of Easter egg Jeep design detail on it. Related Video: Featured Gallery 2017 Jeep Wrangler and Wrangler Unlimited View 14 Photos Related Gallery 2017 Jeep Cherokee View 54 Photos Related Gallery 2017 Jeep Renegade View 49 Photos News Source: JeepImage Credit: Jeep Jeep Crossover SUV Off-Road Vehicles headlights jeep renegade