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Fiat Chrysler proposes 50-50 merger with Renault – TechCrunch

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Fiat Chrysler Automobiles has proposed merging its business with Renault that, if accepted, would create the third largest global automaker with 8.7 million in annual vehicle sales.

FCA delivered Monday a non-binding letter to Renault’s board that proposes combining the business as a 50-50 merger. FCA’s proposal illustrates the growing desire among automakers to consolidate, or form partnerships, in an environment of increasing regulatory pressure, declining sales and rising costs associated with next-generation technologies such as autonomous vehicle technology.

Under the proposal, the combined businesses would be split equally between FCA and Renault shareholders. The board would be a combined entity of 11 members, FCA said. The majority would be independent. FCa and Renault would get equal represent with four members each as well as one nominee from Nissan. The parent company would be listed on the Borsa Italiana in Milan, Euronext in Paris and the New York Stock Exchange.

French automaker Renault has an alliance with Nissan Motor. The two companies, whose relationship has become stressed in the fallout over the arrest of former Renault-Nissan Alliance CEO Carlos Ghosn and subsequent power struggle, share vehicle parts and collaborate on technology. Renault owns 43.4 percent of Nissan. Nissan owns 15 percent of Renault.

Fiat Chrysler is best known in U.S. for the company behind the Jeep and Ram trucks. But its business is far larger. Fiat, which has a market value of $20 billion, is also one of Italy’s oldest companies and owns brands like Alfa Romeo, Fiat, Lancia, and Maserati.

Fiat acquired a stake in Chrysler in 2009. The FCA people know today — which employs nearly 200,000 people — was created when the companies merged in 2014.

The proposed merger would result in cost savings. However, FCA insists it would not come from plant closures. No factories would close as a result of the merger, FCA said in its proposal. In a release describing the proposal FCA states:

The benefits of the proposed transaction are not predicated on plant closures, but would be achieved through more capital efficient investment in common global vehicle platforms, architectures, powertrains and technologies.

The combined companies would realize more than 5 billion euros in estimated annual run rate savings by collaborating on products and in certain regions, particularly when it comes to the development and commercialize of new technologies. FCA noted that these areas included connectivity, electrification and autonomous driving.

FCA argued that is has a history of “successfully combining OEMs with disparate cultures to create strong leadership teams and organizations dedicated to a single purpose.”

Those cost savings will be crucial for both companies if there’s a downturn in sales — a reality that other automakers like GM and Ford are already preparing for. It would also allow the companies to pursue technologies such as advanced driver assistance systems and autonomous vehicles.

FCA, which operates 46 research and development centers, has invested in advanced driver assistance systems like its highway assist feature offered in its Maserati brand. It has also relied on partnerships such as the one with self-driving vehicle company Waymo .

Last year, the company announced an expanded partnership with Waymo that will add up to 62,000 more Chrysler  Pacifica minivans to Waymo’s self-driving car fleet. The two companies are also working on ways to license Waymo’s self-driving car technology in order to deploy the tech in cars for consumers.

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The Dodge M80 Was A Throwback Truck Concept Ahead Of Its Time

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If Fisher-Price made combat vehicles in World War II, it might look like the Dodge M80 concept. The M80 was a retro-inspired vehicle in the same way that the PT Cruiser and Plymouth Prowler harkened back to the old days of motoring. Although unlike the PT Cruiser and the poor Prowler, the M80 didn’t make anyone who looked at it think cars in general were a bad idea. 

As reported by Canadian Driver in 2002, the Dodge M80’s exterior was entirely new, but it had familiar bones as it was based on the Dodge Dakota and was powered by a 3.7-liter 210-horsepower V6. With an estimated weight of just 2,500 pounds, it would have been a featherweight next to other trucks at the time. For comparison, a Ford Ranger from the same year had a curb weight of 3,085 pounds (via Edmunds). Where the M80 really shined was its proposed simplicity and capability. The interior was spartan and therefore easy to clean. Pictures of the concept show compartments galore, including a rear window that allowed either access to the bed while in the truck or effectively lengthened the truck bed. GMC is currently putting a similar feature to use in the EV version of the Sierra.

The Dodge M80 unfortunately never came to pass. As such, it was not able to breath life into the floundering compact truck market at the beginning of the new Millenium. Fortunately, the future is bright for small trucks with the introduction of the Ford Maverick and Hyundai Santa Cruz. 

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Why You Need To Use Google Chrome’s Enhanced Safe Browsing Mode

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First, the basics. Activating Enhanced Safe Browsing in Chrome is a simple process: just click Settings, scroll to Privacy And Security > Safe Browsing, and select the Enhanced option. The importance of Enhanced Safe Browsing is a somewhat longer story. In short, no security is foolproof, and Google has historically erred on the side of making simple, accessible tools for consumers. Incognito Mode in particular is allegedly considered a bit of a joke over at Google HQ; some users are even suing over its limitations.

By contrast, Enhanced Safe Browsing focuses on the security holes hackers are most likely to exploit. Per Google, Enhanced Safe Browsing uses multiple strategies to guarantee user safety: it checks websites against a constantly updated list of unsafe locations, examines unusual URLs for potential phishing scams, and inspects downloads for dangerous or corrupted files. It even takes a sampling of potential threats a given user has encountered and syncs it with their Google Account, allowing for personalized security focused on the risks that the user is most likely to face. All this happens in real time, as the user goes about their browsing session.

Note that Enhanced Safe Browsing’s real-time service means sending more user data to Google than browsing in normal or Incognito Mode. That’s a concern worth being aware of: big companies have security breaches, too, and are by no means universally trustworthy when it comes to user data. That said, participating in the digital world more or less requires users to operate within the ecosystem of one of a handful of large companies. If your home or office is a Google shop, Enhanced Safe Browsing is unquestionably the most secure option available.

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Musk Announces Twitter Ad Sharing Program For Creators, But There’s A Big Catch

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While Musk’s plan for ad revenue sharing sure sounds like a desperate attempt to lure creators as well as advertisers onto the platform, there’s a huge caveat. Only accounts subscribed to the Twitter Blue service will be eligible for an ad money cut. In a nutshell, if you seek to make money from reply section ads, you will first have to pay a sum of $8 per month to the company.

Musk also clarified that legacy verified accounts will have to pay for a Twitter Blue subscription in order to retain the blue check mark and command a cut from ads popping up in their reply sections. He has previously stated that a Twitter Blue subscription will be mandatory for retaining the coveted blue tick following a grace period.

“Twitter’s legacy Blue Verified is unfortunately deeply corrupted, so will sunset in a few months,” he wrote earlier this week. However, Musk’s announcement hasn’t really won a lot of fans. Plus, it also portends that ads will soon be a commonplace in the replies, opening a whole new universe for spammy ads and making it an even less desirable place to look for meaningful user interactions.

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