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Old 10-31-2020, 07:01 AM   #1
AVANTI R5
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Default Aus. FCA +PSA=4th largest Car Co. called Stellantis

Quote:
Jeep Grand Wagoneer, Opel Insignia, Alfa Romeo Tonale, Fiat 500 and other models that could help the new Stellantis merger in Australia.

What would be the world’s fourth largest car company – by volume – took a step closer to becoming a reality this week. The long-running saga of the merger between Fiat Chrysler Automobiles (FCA) and PSA Group looks set to be finalised by early 2021, after the two sides signed cross-border merger terms.

But what does it mean for Australia? Well, the new company – to be called Stellantis – would bring several high-profile brands together. Under the deal, the new company would control Alfa Romeo, Fiat, Maserati, Jeep, Peugeot, Citroen, DS, Chrysler, Dodge, Ram, Opel and Vauxhall.

However, all of these brands have low volumes in the local market, with Jeep the biggest having sold 3791 vehicles year-to-date (to September). In fact, even when combined, the Stellantis brands have only sold 7644 new vehicles in 2020, which is behind even newer brands including MG.

With the details still being hammered out globally, it’s too early to say what it will mean for local operations, but there are several key models from the brand that could have a big impact. We’ve picked five models from the five most notable brands that will form Stellantis and explain what they could mean for local buyers.

Jeep Grand Wagoneer

There are few models more important to Stellantis’ future than the Grand Wagoneer. This is the American off-road brand’s biggest and most luxurious model to date, with Range Rover clearly a target for this full-size SUV.

Adding it to the local line-up would give Jeep a new flagship just after the long-awaited new-generation Grand Cherokee arrives in the fourth quarter of 2021. A refreshed line-up is just what Jeep needs to try and turn around its recent sales decline.

The catch is there’s been no confirmation that the Grand Wagoneer will be built in right-hand drive, because it uses the same left-hand-drive-only platform as the Ram 1500 pick-up.

Opel Insignia

Could Stellantis bring back the ‘Commodore’? It might seem a left-field idea, but with PSA Group owning Opel, it has the rights to the car we knew as the ZB Commodore. While it wasn’t as popular as the locally made Commodores, the ZB was still the best-selling large car in the country. It’s a market most have abandoned, but Peugeot still believes it has value, recently launching the all-new 508 here.

So, would a Commodore wearing its original Opel Insignia badge sell better? Hard to say, but there’s certainly potential in the Opel brand. General Motors tried and failed to launch Opel here, and it would be expensive and foolish to establish a brand for just one model. But with the all-new electric Mokka as well as the Crossland X and Grandland X, Opel has a number of vehicles that could work in the local market. Plus, there’s still goodwill for the Astra nameplate if the brand wanted to play in the small-car market.

Alfa Romeo Tonale

It’s fair to say the planned revival of the Italian brand as a premium player again has been underwhelming. While both the Giulia sedan and Stelvio SUV have enjoyed critical success, that hasn’t translated into sales. The Giulia has been outsold by both the Jaguar XE and Volvo S60 this year, while the Stelvio is faring even worse in its class - selling just 352 examples, while the likes of the BMW X3 and Mercedes-Benz GLC have notched more than 3000 sales.

Which is where the Tonale comes into play. While it’s unlikely to be a best-seller, a cheaper, smaller SUV option would not only expand the range, but give the Italian brand the type of model that’s popular right now.

Officially, Alfa Romeo Australia hasn’t committed to the Tonale yet, and production was delayed earlier this year, but it would be surprising if they chose to ignore it given the increasing popularity of luxury SUVs.

Fiat 500e

The beauty of a good retro design is that it doesn’t really age. Which is good news for Fiat Australia, because globally the company has committed to an electric future for the pint-sized city car, the 500e, which has a likely high price tag that makes it unappealing for Fiat locally.

Fortunately, Fiat has committed to continue building the current petrol-powered 500 indefinitely, which is good news for Australia because it’s the brand’s biggest selling model and still has a 10 per cent share of the ‘micro car’ market.

Still, the 500e does look promising – with its retro looks and modern zero-emissions powertrain – so who’d like to see that Down Under, too?

Peugeot 2008

The French brand is the second-biggest volume contributor to the would-be Stellantis conglomerate – shifting 1555 units so far in 2020. Almost half of those sales have been the 3008, the French Volkswagen Tiguan alternative.

Which is why the brand’s latest model, the 2008, is so important. It’s the new small SUV that will compete against the likes of the Volkswagen T-Roc, Hyundai Kona and Mazda CX-30, so if it succeeds there is significant (albeit relative) growth potential for Peugeot.
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Old 01-05-2021, 07:59 AM   #2
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Default Chrysler Could Be On The Chopping Block Following PSA Merger:

FCA-PSA brands: Jeep, Peugeot likely to shine; Chrysler, Alfa Romeo face uncertain futures


Quote:
FCA-PSA brands: Jeep, Peugeot likely to shine; Chrysler, Alfa Romeo face uncertain futures
Luca Ciferri
TURIN -- A big question is whether Stellantis -- the new company that will result from the merger of PSA Group and Fiat Chrysler Automobiles -- will be able to support all its brands in the future because of the huge investments that will be needed for electric cars, autonomous driving and connectivity.

Stellantis' top-selling brand will be Jeep, followed by Peugeot. Those brands seem safe from being axed. Fiat, the third-largest brand in the group, could have a brighter future using PSA platforms.

At risk could be Dodge, whose high-horsepower cars will come under more pressure from tougher emissions rules, and Chrysler, which has not been promised any new models. PSA's upscale DS brand and FCA's upmarket Lancia marque face uncertain futures.

Alfa Romeo may be retained but this will mean Stellantis CEO Carlos Tavares, who moves to the role from his current job as PSA Group boss, will have to find a successful niche for a storied brand that inspires huge enthusiasm among auto fans but doesn't make money.

Neither PSA nor FCA has said that it plans to reduce the number of brands that will be owned by Stellantis. In an interview with Automotive News Europe in November, Tavares said the merged company will leverage its double-digit brand portfolio to compete with larger rivals such as Volkswagen Group.

The following analysis of the brands is based on January-September 2020 global sales provided by JATO Dynamics. Brands are ranked by sales.

Jeep: 860,753 sales (-23% from 2019). Status: safe

A growing global appetite for capable SUVs pushed Jeep to become Stellantis' largest brand in terms of volume and the champion in terms of absolute profits.

When Fiat merged with Chrysler in 2014, Jeep sold 1 million units and had four plants in the U.S. By 2018, Jeep's global sales had grown by more than 50 percent to 1.55 million units, with a total of 10 manufacturing facilities in the U.S., Mexico, Italy, Brazil, China and India. Its iconic model is the Wrangler, an heir to the original World War II-era Jeeps. In its latest generation, it is also available in a low-emissions plug-in hybrid variant.

A big boost to Jeep sales in Europe could come from an entry model to slot below the Renegade that FCA has announced and postponed several times. The so-called B-Jeep now seems slated for a late-2022 launch and will be underpinned by PSA's CMP platform and built in Poland.

Jeep will expand its reach in the U.S. and in China with the new Wagoneer/Grand Wagoneer. Production begins in the second quarter of 2021 for the pair of body-on-frame premium-level SUVs. The three-row vehicles will go up against the likes of the GMC Yukon and Lincoln Navigator.

Peugeot: 764,720 sales (-29%). Status: safe

The "P" in PSA has a history that dates back more than 200 years. The family business that preceded the current Peugeot company was founded in 1810 to manufacture coffee mills and bicycles.

The Peugeot group remained under family control until February 2014, when to stave off financial collapse it accepted a capital hike in which Dongfeng Motor of China and the French government bought 14 percent stakes for about 800 million euros each. The Peugeot family stake was consequently reduced to 14 percent; it will have a stake of about 7 percent in Stellantis.

The majority of Peugeot sales are in Europe, where it is the No. 3-selling brand after Volkswagen and Renault. Peugeot has renewed its product portfolio in recent years to emphasize SUVs and crossovers, with the next major launch being a new generation of the 308 compact, set to appear in late 2021.

Fiat: 760,541 sales (-24%). Status: repositioning needed

The namesake brand of the Italian side of FCA turned 121 years old last July. It has substantial manufacturing and sales operations in Europe and Latin America, two regions strongly affected by the pandemic. The brand has abandoned China and is fading in the United States, where sales through September halved to a mere 3,569 units.

Starved of investments for more than a decade, the Fiat brand currently has uneven market coverage. With the Panda and 500, it dominates Europe's minicar segment. It has no entry in the small and midsize segments, although it competes in the compact segment with the Tipo. Its crossover and minivan entries, the 500X and 500L, are sized between small and compact segments.

Stellantis could decide to fill out Fiat's lineup, which could increase potential intra-group cannibalization with Citroen, Opel/Vauxhall and Peugeot, or completely reposition the brand.

Fiat brand CEO Olivier Francois has long described Fiat brand as having two souls: the practical side, the strength of the Panda; and the stylish, as seen in the near-premium pricing of the 500 hatchback.

FCA CEO Mike Manley has said that the company will abandon the low-margin minicar segment, suggesting that it will try to move buyers up to the small car segment.

The battery-electric New 500 is a small car in terms of size. Other small and compact models will be launched based on PSA's CMP architecture, starting with a model inspired by the Centoventi concept unveiled in March 2019.

Fiat also sells high-performance versions of the 500 under the Abarth subbrand, mainly in Europe.

Ram: 526,966 sales (-15%). Status: safe

The Ram brand is probably the biggest surprise of 2020. Thanks to the resilience of the U.S. market and to buoyant sales of pickups, Ram was the brand with the smallest decline within the future Stellantis, falling just 15 percent in the first nine months of 2020, while the pro-forma merged group declined by 28 percent.

Together with Jeep, Ram is the profit driver of FCA's North America region, which in a normal quarter delivers about 2 billion euros in operating profit, equivalent to an operating margin of more than 10 percent.

The American nameplate had been used for Dodge pickup models before becoming a stand-alone brand under former FCA CEO Sergio Marchionne in 2009.

Citroen: 507,800 sales (-33%). Status: safe

Founded in 1919 and part of PSA since 1976, Citroen has almost completed a strategic repositioning focusing on comfort and ease of use.
Newer models include the small C3 and the compact C4 -- which has a battery-electric variant -- and the C3 and C5 Aircross crossovers.

Citroen sells most of its models in Europe and was hit hard by the regional slowdown due to the pandemic, with global volumes declining by a third through September. It is due to launch a model for the Indian market next year.

Opel/Vauxhall: 443,160 sales (-40%). Status: safe

With its sister British brand Vauxhall, Opel is the latest addition to PSA's stable after the French group bought it from GM in 2017.

Last year was difficult for Opel/Vauxhall, which was hit by the pandemic in the midst of two crucial model launches: the Corsa small car and the Mokka small crossover, both based on PSA underpinnings.

From January to September, Opel/Vauxhall's global sales declined by 40 percent, although some of that was due to the discontinuation of several GM-based models in 2019.

Opel is expected to launch a new generation of the Astra compact, based on PSA's EMP2 architecture, by the end of the year. That will leave the Insignia midsize sedan and wagon as the only legacy models from the GM era.

Dodge: 237,422 sales (-39%). Status: at risk

The American brand is focused on performance models and mainly sells in the U.S., where cars have been losing ground to SUVs and pickups, and now represent less than a quarter of the market.

The incoming Biden administration is expected to push for stricter CAFE standards that will put Dodge's high-horsepower (and high-emissions) models -- the Charger large sedan, the Challenger coupe and the Durango large SUV -- at risk of compliance.

Dodge was one of the worst performers within Stellantis last year, with sales down 39 percent in the January to September period.

Chrysler: 79,021 sales (-12%). Status: at risk

The namesake brand of the North American side of FCA is quietly fading away. It offers just three models, the 300 large sedan and two minivans -- the Pacifica and the Voyager -- that are in segments that are shrinking year after year in the U.S. FCA did not announce any new models for Chrysler in its five-year plan unveiled in June 2018.

Alfa Romeo: 41,116 sales (-39%). Status: needs rethink

Alfa Romeo had been a consistent problem, first at Fiat and then at FCA. The last three attempts to relaunch the Italian brand failed badly. Founded in 1910 and bought by Fiat in 1986, Alfa Romeo has been a money loser for almost a quarter of a century.

Alfa Romeo's range has been reduced to just the Giulia midsize sedan and Stelvio midsize SUV. The brand's global sales from January to September declined by 39 percent to a mere 41,116 units.

A small SUV and a compact SUV will be added, the latter previewed by the Tonale concept displayed at the 2019 Geneva auto show and due in early 2022. The small SUV is one of the three models FCA will build in Poland using PSA's CMP architecture and could arrive in 2023.

DS Automobiles: 32,777 sales (-18%). Status: uncertain

PSA unveiled DS Automobiles as a stand-alone upscale brand in 2014. At that time DS only sold variants of Citroen models. The DS name is an homage to Citroen's legendary flagship sedan, and PSA hoped that it would evoke an image of French luxury and design, especially among Chinese buyers.

But sales fell sharply until 2018, when the first model created specifically for the brand, the DS 7 Crossback compact SUV, was introduced. It was then joined by the DS 3 Crossback small SUV, the DS 9 flagship sedan. The DS 4 compact is due to be revealed in early 2021.

Tavares and DS executives say the brand is profitable despite selling small volumes, but an open question is whether Stellantis can afford to continue to invest to make DS a global success, or if that money would be better spent on Alfa Romeo, which has a stronger heritage and is also distributed in North America.

Lancia: 29,393 sales (-36%). Status: likely to disappear

A one-model brand sold in just one market with the Ypsilon in Italy, Lancia did not have a defined future in FCA's latest business plan, unveiled in June 2018. Within Stellantis, it also clashes with the same near-premium positioning of DS.

Lancia's fortunes began to decline a decade ago when Fiat drastically reduced its pipeline of new models. An attempt to rebadge Chrysler models as Lancias in Europe brought only limited sales, and the Ypsilon has remained Lancia's sole model since 2016.

Maserati: 11,456 sales (-40%). Status: safe

Maserati is the only truly luxury brand within Stellantis. It was born as a racecar maker in Bologna, Italy, in 1914 and bought by Fiat in 1989.

Maserati will pursue a stand-alone strategy unveiled in September, with a complete renewal and full electrification of the range by 2024, when sales are planned to exceed 75,000 units a year.

At the unveiling of the MC20 high-performance coupe in September, Manley said that Maserati would keep its role within Stellantis, but given the brand's luxury positioning, it could have limited synergies with other group brands.

Volume brands do not generate margins hefty enough to pay for systems and components to be shared with a luxury brand, Manley added.

Maserati's next new product, the Grecale midsize SUV, seems to be an exception. It is based on Alfa Romeo Stelvio's underpinnings and will be built at the same plant in Cassino, central Italy.
From AP

Quote:

Cuts likely as Fiat Chrysler-PSA tie-up nears approval

MILAN (AP) - While running Nissan's North American operations from 2009 to 2011, Carlos Tavares had a reputation for closely watching costs with little tolerance for vehicles or ventures that didn't make money.

Experts say that means Tavares, currently the head of PSA Group, is likely to follow that blueprint when he becomes leader of a merged PSA and Fiat Chrysler Automobiles. The low-performing Chrysler brand might get the axe as could slow-selling cars, SUVs or trucks that lack potential.

Already the companies are talking about consolidating vehicle platforms - the underpinnings and powertrains - to save billions in engineering and manufacturing costs. That could mean job losses in Italy, Germany and Michigan as PSA Peugeot technology is integrated into North American and Italian vehicles.

"You can't be cost efficient if you keep the entire scale of both companies," said Karl Brauer, executive analyst for the iSeeCars.com auto website. "We've seen this show before, and we're going to see it again where they economize these platforms across continents, across multiple markets."

Shareholders of both companies are to meet Monday to vote on the merger to form the world's fourth-largest automaker, to be called Stellantis. The deal received EU regulatory approval just before Christmas.

Tavares, who for years has wanted to sell PSA vehicles in the U.S., won't take full control of the merged companies until the end of January at the earliest.

He likely will target Europe for consolidation first, because that's where Fiat vehicles overlap extensively with PSA's, said IHS Markit Principal Auto Analyst Stephanie Brinley. Europe has been a money-loser for FCA, and factories in Italy are operating way below capacity - a concern for unions, given Fiat's role as the largest private sector employer in the country.

"We are at a crossroads," said Michele De Palma of the FIOM CGIL metalworkers' union. "Either there is a relaunch, or there is a slow agonizing closure of industry, in particular the auto industry, in Italy."

Italy's hopes lie with the luxury Maserati and sporty Alfa Romeo brands, but De Palma said investments are needed to bring hybrid and electric technology up to speed. Fiat's Italian capacity stands at 1.5 million vehicles, but only a few hundred thousand are being produced each year. Most factories were on rolling short-term layoffs due to lack of demand, even before the pandemic.

The merger is likely to also hit white collar workers, as Tavares is unlikely to keep engineering centers in Paris, Turin and Rodelsheim, Germany, where the Opel brand he acquired in 2017 is located, according to analysts.

FCA's North American operations, led by the popular Jeep brand and Ram pickup, are hugely profitable and likely will be left untouched for a while, Brinley said. Tavares just three years ago stated his desire to sell PSA vehicles in the U.S. within a decade. He said any global automaker has to sell in the U.S. market.

In December the companies announced that Fiat Chrysler CEO Mike Manley would run Stellantis' operations in the Americas.

Larger Jeep and Ram trucks and SUVs are unique to the U.S. and generally don't sell well in Europe, so Brinley expects those to be designed by Fiat Chrysler in Auburn Hills, Michigan, north of Detroit. Eventually some cars and some smaller SUVs, though, will move to PSA underpinnings, she said.

PSA has a wider array of fuel-efficient smaller engines, and Fiat Chrysler will need those to meet government fuel mileage and pollution requirements worldwide. The PSA Group's goal is to offer its all models with electrified powertrains by 2025, an area where Fiat Chrysler also has lagged.

Analysts say the Chrysler brand could be in jeopardy in the U.S., where it has only two models, the aging 300 sedan and the Pacifica minivan. U.S. sales of the brand were off 19% through October.

The two companies have yet to announce any decisions on brands. Fiat Chrysler, in a statement from Michigan, said one of Stellantis' greatest strengths is its historic brands, including 10 from FCA, adding that there are no plans to close any plants. But PSA said in a statement from Paris that it hasn't announced any plans for the brands. "We will communicate in due on this matter, as the EGA (shareholders' vote) is not the closing date, neither the announcement of a strategic plan," the statement said.

Brauer said U.S. consumers aren't likely to see Peugeot vehicles, though. Instead, smaller vehicles will be built on French or German underpinnings with bodies and interiors designed in Michigan.

While the tie-up is billed as a merger, the advantage goes to PSA, which will control 6 of the 11 board seats with Tavares the tie-breaker.

Fiat Chrysler's brands range from powerhouse Jeep to the performance Abarth marquee and the historic Italian brand Lancia, which currently produces just one model, the Ypsilon, targeting female drivers. "I don't expect cutting brands that still make volumes, even if they are focused on very specific market segments, like Lancia," said Francesco Zirpoli, director for the Center for Automotive and Mobility at Venice's Ca' Foscari University. But Stellantis will have too many factories in Europe making similar vehicles. "These overlaps have to be resolved," he said.

Stellantis also will face a major challenge in Asia, in particular China, where both PSA and FCA are weak.

"The big market of the future is Asia. Asia will dominate the car business," said Ferdinand Dudenhoeffer, of the Center for Automotive Research in Germany. Already it is 45% of global sales. "They merge, OK. They find synergies, OK. They reduce headcount, OK. But they are missing the most important point in the car business."

____
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Old 01-06-2021, 02:28 PM   #3
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that 's, like, your
alternate facts, man.

Default

The only thing that could make FCA build worse quality vehicles is bringing Peugeot into the fold.

Granted, my only semi-modern experience with Peugeot is the Prince engine in the '07-'11 MINIs, but it's caused a visceral reaction. Fun motor.. but the reliability leaves me chagrined.
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Old 01-07-2021, 08:16 AM   #4
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Default What Fiat Chrysler and PSA Peugeot Citroën Merger Will Mean for U.S. Car Buyers

From Car and Driver 10/??/2019

https://www.caranddriver.com/news/a2...n-merger-cars/


Quote:
What Fiat Chrysler and PSA Peugeot Citroën Merger Will Mean for U.S. Car Buyers

Fiat Chrysler Automobiles (FCA) and France's PSA Group agreed to a 50/50 merger this week.

FCA's portfolio includes Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo, and Maserati, and PSA Group is the parent company of French brands Peugeot, Citroën, and DS as well as former GM units Opel and Vauxhall.

This merger is not so much about finding new markets for products as letting FCA share in the more sophisticated technology PSA controls, including electrified drivetrains and advanced front-wheel-drive platforms.

Mergers between large auto companies may excite analysts and business journalists, but our first reaction is more selfish: What's in it for us? Now that it's confirmed Fiat Chrysler and PSA are throwing in together to create what will likely be the world's fourth-biggest automaker—building 8.7 million vehicles a year—we're more interested in the specifics of future model plans. Instead, perhaps inevitably, the evaluation of a deal like this tends to be more about stockholder value, future earnings, and potential for cost-saving synergies than about the product.

And that's a shame. Between them, the two groups control a huge number of brands, several of which we care deeply about. As well as Fiat and the little that remains of Chrysler, FCA has Dodge, Ram, Jeep, Alfa Romeo, and Maserati in its portfolio, plus Abarth and the (dead outside Italy) Lancia. PSA has Peugeot and Citroën plus the upmarket DS brand, as well as Opel and Vauxhall, which were acquired from GM in 2017. That's a huge portfolio with both significant overlap but also geographic anomalies—the most obvious being that apart from the Buick Regal, which is built in Germany, no PSA products are currently sold in the United States.

Peugeot is already committed to returning to the States, something that we are looking forward to, with future products already being designed to meet U.S. type approval. The merger would seem to make that process significantly easier, allowing the combined group to use FCA's U.S. sales and distribution channels to act as a bridgehead. Don't be surprised if the target date of 2026 for Peugeot sales to start gets pulled closer, which counts as a reason to be cheerful.

2020 Peugeot 208
There's less obvious potential to move things in the other direction. Jeep models are already sold in Europe, but FCA gave up on European sales of both Dodge and Chrysler some time ago; it’s fair to say there will be no more demand for cars like the 300C on the far side of the Atlantic than there was when the plug was pulled. That ties into the core reason for FCA's enthusiasm for finding a strong partner: a desperate need for technical innovation and new products, especially in Europe.

All European automakers are facing the challenge of reducing average fuel consumption and CO2 emissions, with huge fines for those that exceed per-car averages. PSA has already made big moves toward hitting these ultra-tough targets; FCA, much less so. The merger will mean that future models from the Fiat side of the family will be able to share PSA's technology and electrified drivetrains, with further cost-saving synergies from what will likely be merged production. That means that smaller next-gen models from Fiat, Alfa, and even Jeep could be switched to PSA's considerably more advanced architecture, similar to the way the Volkswagen Group's MQB platform underpins dozens of different models.

audi ds7 crossback
What PSA doesn't offer is a larger car platform. All of the group's current products are native front-drivers, and the biggest vehicle in the family is the DS7 Crossback crossover (above) which—thanks to Europe's tastes for compact dimensions—is just 180 inches long, shorter than a Lincoln Corsair. Earlier this year PSA was reportedly discussing a merger with Jaguar Land Rover, and while the marriage to FCA may well have killed that idea, even a technical alliance with the beleaguered British maker could offer a way of sharing costs for larger cars.

Land vehicle, Vehicle, Car, Mid-size car, Automotive design, Compact car, Full-size car, Hatchback, Family car, Hot hatch,

Opel Grandland X hybrid, Astra, and Corsa-e at 2019 Frankfurt auto show.
Opel

It is also possible that the merger will be used as an opportunity to cull models, or potentially even brands. PSA CEO Carlos Tavares turned around the group's fortunes with aggressive cost cutting, and he may well see some low-hanging fruit in the combined company's multitude of nameplates and territories. In Europe, little but habit justifies the continued existence of the Vauxhall brand in the U.K.—it is used for right-hand-drive versions of Opels. Closer to home, we would not be surprised if Fiat's slumping sales see the brand withdrawn from the U.S., or if Maserati's recently announced plans for several new models get brutally pruned.

With global pressures on traditional automakers set to continue growing, the PSA/FCA merger could also be the start of a wave of amalgamations. We'll be watching.
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Old 01-17-2021, 06:24 AM   #5
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Default Chrysler is No More as Stellantis Comes to Life





Quote:
Is this the last logo that will use the Chrysler name?

Chrysler is dead.

Perhaps a bit dramatic, but nevertheless, the merger between Fiat Chrysler Automobiles N.V. and Peugeot S.A. became effective today, resulting in Stellantis N.V. Shares of the newly formed Stellantis begin trading on exchanges in France, Italy and the U.S. starting Monday. All will use the ticker symbol STLA.

The deal has been going through extensive regulatory approvals, twin shareholder votes and the necessary dottings of i’s and crossings of t’s for more than a year.

As of today, that means that for the first time since June 6, 1925, when it was founded by Walter P. Chrysler, the Chrysler name will no longer exist as a corporate entity.

Stellantis is alive! The company’s stock begins trading on three exchanges Monday.

In many ways, the Chrysler name was a survivor. The company’s been through a variety of mergers, potential mergers and bankruptcies. It escaped the “merger of equals,” DaimlerChrysler from the late 1990s.

It was essentially spared its life when the late Sergio Marchionne swooped in and offered to keep it going if the U.S. government would help it through bankruptcy in 2009. The final deal got done with Chrysler Group LLC becoming part of FCA US LLC to follow the naming convention of Fiat Chrysler Automobiles N.V. on Dec. 16, 2014.

Chrysler Corp. fought its way through several near misses when it came to mergers as potential deals with Japanese automaker Mitsubishi, China’s GAC and most recently an effort to merge with Peugeot’s French rival, Renault S.A., a deal that was reportedly scuttled after demands by the French government, which holds an ownership stake in Renault, were too much for then FCA CEO Mike Manley to accept.

Then there was the effort by the aforementioned Marchionne to find a partner for FCA, seemingly almost any partner would do. He approached General Motors and was promptly rebuffed. He reportedly got the same treatment from Volkswagen. There was even a rumored dalliance with EV behemoth Tesla, which would have bolstered FCA’s basically non-existent electric vehicle program.


The arrival of Stellantis means for the first time in 95 years the Chrysler name won’t be on a corporate marquee.

It also survived a previous bankruptcy in the late 1970s, paying off the loans early with its charismatic CEO Lee Iacocca, who came over from Ford, helping to lead the company’s charge back to prosperity. Chrysler did enjoy one major merger success when it acquired American Motors in 1987, including – and especially – the Jeep brand.

In fact, no one seems certain what the future holds for the Chrysler name period. Early in the process, officials said that all brands would be retained, but time and economics often change the equation and currently, the Chrysler brand offers just two products: the Chrysler Pacifica minivan and 300 sedan. Neither are in segments that are seeing sales gains.

To be fair, there’s been some speculation about the survival of the Fiat name in the same vein. Fiat’s been around even longer, founded in Turin, Italy in 1899. In the U.S., it’s only offering the 500X in 2021.

The Chrysler name isn’t the only vestige of FCA seemingly taking a step back as its CEO Mike Manley is no longer in charge, that duty going to PSA’s Carlos Tavares nor will he be on the board of directors as John Elkann, FCA’s chairman, will take that spot as the chairman of the new Stellantis. Manley, 56, is now Head of the Americas.
https://www.thedetroitbureau.com/202...comes-to-life/
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Old 01-17-2021, 10:11 PM   #6
Pre
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Looks at brands....yeah I will never buy anything from any of them.
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