Fiat Chrysler Automobiles is seeking a merger partner in a bid to secure its long-term future in a move that could save $10 billion a year, according to its chairman. John Elkann, a member of the Agnelli family that founded Fiat, admitted a merger with one of the industry’s ‘big guys’ was an important objective of FCA as it seeks to shore up its long-term future in a highly disrupted automotive landscape.
Beneath its Toyota engine cover breathes a 1.5-liter direct-injected four-cylinder engine. Output is stated at a modest 106 horsepower and 103 pound-feet of torque. Mating the engine to the front wheels is either a six-speed manual transmission or a six-speed automatic with a flexible locking torque converter. Scion tells us that the automatic can lock its torque converter in any gear to give the powertrain a more direct and responsive feel. My Sapphire blue example featured the manual gearbox.