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Big Global Automotive Merger News
$50 Billion Fiat Chrysler & PSA Peugeot Merger
Combining to Share Electrification and Autonomous Technology Investment Costs
On Wednesday, December 18, 2019 Fiat Chrysler and PSA Peugeot are expected to announce that they are merging the two global automotive companies. The tie-up will create a $50 billion entity that will produce 8.7 million cars a year. The combination will create the world's fourth largest automaker after Toyota, VW and the Renault-Nissan alliance.
Source: Fiat Chrysler Jeep Assembly Line
PSA Likely in the Driver's Seat
PSA Group CEO Carlos Tavares is expected to be the CEO of the new entity. He's known as a cost cutter and brand turnaround expert at the French based PSA. He led Nissan America and has extensive knowledge of the US market. Fiat Chrysler Chairman John Elkmann, whose family founded Fiat in 1899, is expected to be Chairman of the combined organizations.
This merger is a strategic move to share the cost of developing electric and autonomous cars. Fiat Chrysler has been looking for a partner to invest in electrified power trains and autonomous technologies. PSA Group has secured the backing of its largest shareholder, the French government, for the merger. Fiat Chrysler's previous deal to tie-up with Renault failed last spring.
Robot, Cut My Lawn Source: Husqvarna Mowers Robo Mowers Powered by Batteries - No Gas It's at the top of my robotic wish list. A robot lawn mower. No astronomical bills and upselling from lawn service companies. Just a nicely cut lawn and no hassles. Innovation seems to be knocking at the front door with news on robotic mowers. Green Robots at the Cutting Edge There's a slew of new robot mowers. Models include Worx Landroid for smaller lawns, Honda that cuts and feeds lawns, Robomow for all-purpose mowing and Husqvarna that's loaded with cell & GPS tech. These mowers aren't cheap. Prices range from $1000 to $3500. They're powered by rechargeable batteries so they're quiet. You pay more for online enhancements. And, if your lawn is loaded with trees and hills, your robot mower is going to be a lot more expensive. Grass Vacuums Robot mowers look a lot like big robot vacuums such as iRobot's Roomba. They roam and groom your lawn. Their
Amazon Book Promotion Source: Amazon Special Deep Discount for a Limited Time I'm pleased to announce that Kindle and Amazon are beginning a promotion on journalist Edward Kane's book "SPACE 2020's: WHAT'S UP THERE?". Starting May 27 through May 30, the book goes on sale for $3.99. That is a deep discount off the regular price of $6.99. And, on May 31 through June 2 8AM PDT, it will be selling for $4.99. It then returns to its regular price of $6.99 Great Deals on a Great Resource If you enjoy learning about WHAT'S UP THERE? in space, you'll love the book and find it a great resource on the top space missions and very recent space discoveries of the 2020's. Here's a link for access to the book ASIN: B087DV4DZ6 And for access to Ed's Amazon Author's Page, click here amazon.com/author/ekane I co-authored the books with Ed. ... ...
New Invention: Tablet Toothpaste "Change Toothpaste" Source: Change Toothpaste Potentially Cuts 900 Million Plastic Toothpaste Tube Throwaways Per Year Tubes of toothpaste aren't something you think about but their impact on the global environment is hugely negative. 900 million toothpaste tubes are discarded into oceans and landfills globally every year. Importantly, it takes 500 years for them to breakdown, which means virtually every toothpaste tube created is still discarded someplace in the world. And, the tubes, which contain multiple layers of plastic, polymers and resins, can't be recycled. A company headquartered in Edmonton, Alberta Canada just came up with a solution in the form of tablet toothpaste. "Paste with No Waste" Entrepreneurs Mike Medicoff and Damien Vince are the inventors and founders of CHANGE Toothpaste. Their tablet toothpaste is an all natural vegan substance that works just like toothpaste but has no harsh chemic