FCA may have an absurd number of brands, and PSA may have one more than it really needs, but PSA CEO Carlos Tavares believes they all have a purpose. In a television interview, PSA’s leader said that all the brands would probably survive a merger. FCA’s portfolio includes Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, […]
Chrysler has had a rough time over the past 30 years. After nearly going bankrupt, it became one of the most successful automakers in the world, only to be acquired by Daimler-Benz and spit out, a small shadow of its former self, less than ten years later. Then another bankruptcy under the greedy leadership of […]
Brooks from DragTimes got the opportunity to drive a GT500 both on the strip and on the course. After an onslaught of burnouts, tours, and laps around the track, Brooks geared up to run the quarter-mile and boy were the results impressive. In this video, a more straight-line focused GT500 is used to complete the […]
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 […]