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Fiat Chrysler CEO says final merger talks with Peugeot going well

BRUSSELS — Fiat Chrysler's chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA  to create the world's No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months. Speaking to Reuters on the sidelines of an industry meeting, he said he doesn't expect any major obstacles that could delay a final agreement. "Talks are progressing really well," Manley said about negotiations with the French carmaker ahead of a briefing by the European automotive association (ACEA), of which he is president. His comments come a month after the two carmakers agreed to a binding deal worth about $50 billion to combine forces in response to a slowdown in global demand and mounting costs of making cleaner vehicles amid tighter emissions regulations. Manley's timeline for completing the deal by early 2021 is in line with a forecast made by the companies in December. Fiat and Peugeot are now getting into the details of how the merger will work, including choosing which vehicle platforms — the technological underpinnings of a vehicle — will fit which products in a combined company. Because customers in different locations still prefer vastly different cars, there is room for multiple platforms in a combined group, Manley said. "That global platform is an elusive beast," he added. "This concept of a massive global platform in my mind is almost a myth, but that doesnÂ’t mean to say weÂ’re not going to recruit significant volume." Related Video:    

Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall

WASHINGTON — Fiat Chrysler Automobiles NV on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators reported more automakers were falling short of U.S. greenhouse gas emissions standards. The Italian-American automaker said the payment is not expected to have a material impact on its business. Of 18 major carmakers in the United States, 13 including Fiat Chrysler failed to comply with fuel economy and greenhouse gas emissions standards for the 2017 model year without using credits, according to the National Highway Traffic Safety Administration (NHTSA). The agency said its review of model year 2017 vehicles showed "automakers falling further behind current standards." The 2017 model fleet fell 1 1/2 miles per gallon short of the 33.8 mpg standard based on yearly performance without including credits, NHTSA reported. The shortfall was a half-mile per gallon for the 2016 model year. NHTSA said more automakers were failing to comply with standards for the 2018 and 2019 model years, "and the potential penalties on automakers, which are passed along to consumers, are expected to continue to increase." The Trump administration has used the widening gap between the emissions of automakers' U.S. fleets, which are skewing toward larger vehicles, and national vehicle CO2 emissions standards to bolster its case for freezing vehicle emissions and mileage standards at current levels through 2026. Environmental groups and regulators in California and other states are fighting against any rollback in standards, saying tough rules are needed to address climate change and reduce consumer outlays for fuel. NHTSA and the Environmental Protection Agency are working to finalize as early as next month a rewrite of the Obama administrationÂ’s fuel efficiency requirements, which call for sharp reductions in fleet-wide emissions by 2026. Fiat Chrysler is paying fines for the shortfall in its domestic passenger car fleet, which includes several front-wheel-drive Jeep and rear-drive Dodge SUVs and some sedans and muscle cars. The automaker killed its slow-selling domestic small and midsize sedans. After paying $77.3 million last year for a 2016 model year fuel-economy shortfall, a Fiat Chrysler spokesman confirmed Wednesday the company had received a letter on the 2017 penalty and has 60 days to pay the fine.

2022 Ram 1500 BackCountry bundles a bunch of off-road bits

The Chicago Auto Show is coming up this week, and Ram is leading the reveals with exactly what we would expect for the show: a special trim level of a pickup truck. It's the 2022 Ram 1500 BackCountry, and it's based on the Big Horn and Lone Star models, but gets its own color scheme and a bundle of features for off-roading and for bed functionality. The BackCountry will be identifiable mainly by its two-tone color scheme with a black lower section. That's matched by many more black accents including the wheels, mirrors, headlight bezels, badging and exhaust tips. It also has running boards and a body-color grille and tonneau cover. But what earns it the BackCountry name are the functional parts. It adds to the Big Horn's standard features list the Off-Road Group and the Bed Utility Group. The former includes all-terrain tires, off-road shocks, hill-descent control, electronic rear differential lock, and skid plates to protect the front suspension, power steering, transfer case and fuel tank. The latter adds a spray-in bedliner, bed lighting, bed step and adjustable tie-down points. If you add the RamBox bed-side storage, it includes a bed extender. The interior is fairly plain with black cloth, but you get bucket seats and a 7-inch touchscreen. The dashboard is also adorned with a BackCountry badge. The BackCountry starts at $41,780. These features are available on the Big Horn trim, but the cheapest way to get them is $45,470, so the BackCountry is a significant discount if you're looking for some off-road capability in your Ram. It's available in both Crew Cab and the slightly shorter Quad Cab configurations with either the regular 5.7-liter V8 or the eTorque version of the same engine. Naturally, four-wheel-drive is the only driveline option. You'll be able to get one in the third quarter of this year. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.