By now, FCA and PSA are likely working out the logistics of their merger, including which assembly plants will produce what, which ones, if any, will be shut down, and what platform sharing opportunities exist between brands. Although it’s a mostly unknown name in the US, Peugeot already has cars on our shores through its […]
When he was running Fiat Chrysler Automobiles, Sergio Marchionne’s goal was to merge with another company to build a global automotive powerhouse capable of surviving the changes he saw on the horizon. Somewhere, Marchionne’s spirit is smiling: the merger of Fiat Chrysler Automobiles N.V. and PSA Group is a “go.” According to a press released […]
Merger talks between Fiat Chrysler Automobiles and PSA Group are the hot news this morning. Following unconfirmed reports that surfaced in the past couple of days, FCA and PSA confirmed the resumption of discussions this morning. However, neither company would confirm anything other than the negotiations. The rumors speak of an all-stock deal with current […]
GM shares shot up today, after the company announced, in a morning conference call, profits of $2.3 billion in the past quarter, good for a 38¢ per share dividend. GM Financial had earnings before taxes of $700 million. Gross revenue was $35.5 billion. Automotive operating cash flow for the quarter was $5 billion, double the […]
China built a Tesla trap, and Elon Musk dove in with both feet. One thing American and European manufacturers, from chips to cars, have noticed about China is that it doesn’t take long for their products to be duplicated. Local construction companies, seeing plant blueprints, have even helped build clone plants in other towns or […]
In a recent announcement by Ford Performance yesterday, the Mustang-inspired SUV has a date. The all-electric, and Ford’s first mass-market EV, will debut on November 17, 2019. Details regarding the all-electric SUV are scarce but we can expect it to deliver over 300 miles of range and will most likely have a 0-60 time of […]
Fiat sells four cars and crossovers in the United States, and if you combine all their sales, you get the volume of one Chevy that’s already been dropped due to lack of interest. But in Europe, Fiat is hot stuff within their little-car segments. A few years back, Europeans realized that their diesel cars were […]
The original Tesla Roadster was introduced a little over a decade ago in 2008 and lasted up until 2012. It was a quirky but fairly obscure car at the time and did not populate many driveways. The new Tesla Roadster was introduced almost two years ago and it shook the internet. The performance numbers announced […]
For those Aussies who wish to own the new Ford Mustang Shelby GT500, some serious cash is going to have to be put down. However, there is a bit of roadblock in importing the new GT500. Australia would have to pass a new car importation law to allow Mustang Motorsport to convert the 760 hp […]
General Motors is keeping a Detroit plant open, investing $3 billion to convert it to electric pickups, vans, and batteries, as part of its efforts to end a long United Auto Workers (UAW) strike. The union had demanded greater fairness with regard to treatment of newer employees, including reduced use of temps; unchanged health insurance […]