Merger

Shareholders approve FCA-Groupe PSA merger; here's what's next

A new Stellantis company logo was revealed last year ahead of Groupe PSA-Fiat Chrysler merger.

Photo courtesy of FCA US LLC

The shareholders of Fiat Chrysler Automobiles N.V. (FCA) and Peugeot S.A. (Groupe PSA) have approved a merger of the two companies to create Stellantis N.V. (Stellantis). More than 99 percent of the votes cast were in favor of the transaction.

As part of the merger vote, shareholders of FCA also approved the adoption of the Stellantis' Articles of Association and appointment of the previously announced members of the Board of Directors of Stellantis.

Jeep Compass 4xe (European model) The Jeep Compass 4xe is available in overseas markets where PSA Groupe already sells cars. Photo courtesy of FCA

The Board of Directors was announced in October 2020 and includes various members of 11 members. FCA and its reference shareholder Exor nominated five members and Groupe PSA and two of its reference shareholders (EPF/FFP and BPIfrance). nominated five members.

The non-executive directors include Andrea Agnelli (board member of Fiat and Exor), Fiona Clare Cicconi (Google's new head of people operations), Nicolas Dufourcq (general manager of BPIfrance), Ann Frances Godbehere (Non-Executive Independent Director of Royal Dutch Shell Plc), Wan Ling Martello (former Executive Vice President of Nestle, also sits on Uber's board of directors), Jacques de Saint-Exupéry (longtime union insider in France) and Kevin Scott (Microsoft's chief technology officer).

John Elkann will serve as Chairman and Robert Peugeot will be Vice Chairman. Current FCA CEO Mike Manley will not serve on the board. He will instead head up the company's efforts in the Americas.

All appointments are effective on the date of the merger's completion.

What's next for Stellantis

The final regulatory clearances for the company were completed over the course of the last month, including those from the European Commission and the European Central Bank. With those in hand, the merger is expected to be completed on January 16, 2021.

Stellantis' common shares will begin trading on the Euronext in Paris and on Mercato Telematico Azionario in Milan on Monday, January 18, 2021, and on the New York Stock Exchange on Tuesday, January 19, 2021.

There is no official word on when vehicles by Groupe PSA's brands will make their way to U.S. markets. It's more likely that ahead of any brand emergence, there will be Groupe PSA vehicle components that make their way into traditionally FCA products. This includes electrification technology, which FCA's U.S. brands have only just started tapping into.

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Dream job alert

You could become Dodge's Chief Donut Maker

You can apply to become a Dodge ambassador with some great perks.

Dodge

One lucky person is about to win the car enthusiast's job of a lifetime, though only for a year. Beginning today, Dodge is accepting applications for its new and temporary Chief Donut Maker

If the title alone isn't enough to make the job sound appealing, the benefits are seemingly endless. The lucky new Dodge "employee" will pick up a $150,000 salary, along with the opportunity to drive an SRT Hellcat company car for the year. Additionally, the winner will participate in all manner of racing and car-related events, take courses at Radford Racing School, and get a load of Dodge-branded clothing.

Dodge is Hiring a Chief Donut Maker www.youtube.com

If you're reading this and thinking it sounds like a blast - you're right. There's a catch, however, which comes in the form of an intense consideration process that culminates in a racing event with a pro driver on a closed course. A panel of judges will evaluate the video entries, and wrestler Bill Goldberg will oversee the race between the top ten finalists. Dodge says the series of eliminations will air like a reality TV show, with the winner being revealed in the final episode.

Today is the opening day of the application period. You have until February 28 to submit your short video, which can be a maximum of two minutes. Get busy making your video and head here to submit it before the deadline.

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The Grand Cherokee is now available with three rows.

Stellantis

The Grand Cherokee has always been the Jeep that could haul the family to the mall as easily as it could traverse serious off-road terrain. The design was starting to age, however, after ten years on the market without a major redesign. Jeep fixed that for the 2022 model year, and after a week behind the wheel, there are three things we think you should know about the new SUV.

It Comes in Two Formats

The three-row Jeep Grand Cherokee L debuted in 2021 as the first Grand Cherokee with more than two rows of seating. The standard Grand Cherokee followed it with many of the same features and upscale finishes, but in a more familiar two-row SUV format. The move to a two-body-style lineup for the Grand Cherokee does not mean there's less choice. The standard two-row model is offered in a staggering number of configurations, including a 4xe plug-in hybrid variant.

2022 Jeep Grand Cherokee The new Grand Cherokee ups the luxury considerably. Stellantis

It's Luxurious

Top Grand Cherokee trims have long been plusher and more luxurious than most people expect from a Jeep, and the new model takes things further down that road. Top trims feature luxurious materials such as quilted leathers and real wood trim, along with desirable and innovative electronics features. An optional passenger-side touchscreen offers climate controls and other functions to front-seat passengers, and Stellantis' UConnect infotainment software is among the easiest to use and most intuitive interfaces in the auto business.

2022 Jeep Grand Cherokee The Grand Cherokee can take its passengers far off the beaten path.Stellantis

It's Available with Three Strong Powertrains

The 2022 Jeep Grand Cherokee comes standard with a 3.6-liter V6. A 5.7-liter Hemi V8 is available, and Jeep's excellent 4xe plug-in hybrid can be added to certain trims. The Wrangler was the first vehicle to use the system, which provides instant torque and excellent all-electric driving range. When the battery is depleted below a certain level, the vehicle then switches to operate as a normal hybrid.

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