Fiat Chrysler Automobiles and PSA Group Are Merging To Become World’s Fourth-Largest Automaker

williamyf writes: This puts Alfa Romeo, Citroen, Chrysler, Dodge, DS, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, and Vauxhall under a single corporate parent and merges operations. PSA Group boss Carlos Tavares will be CEO of the 11-person board, with FCA’s John Elkann as chair. Fiat Chrysler and PSA said that the 50:50 merger should save more than $4 billion a year…

French Startup Transition-One Plans a $5,600 Electric Makeover For Your Old Diesel Car

An anonymous reader quotes a report from Bloomberg: About 5,000 euros ($5,600) are set to buy your 10-year-old combustion clunker an electric makeover — and offer a cut-price way to avoid driving bans across European cities. French startup Transition-One has developed retrofitting technology that adds an electric engine, batteries and a connected dashboard into older models of Fiat Chrysler Automobiles NV,…