1985 Alfa Romeo Spider Veloce on 2040-cars
Glen Ridge, New Jersey, United States
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This Spider has been mechanically restored. Approximately $10,000 has gone into the car in the last two years. Cosmetically, it is beautiful. The paint is original, but very nice. The exterior hasn't been altered since I bought the car. I was more concerned with drivability. Basically everything has been replaced by Col-Gen Motors in Newark, NJ. Before they installed the $2000 european free-flow exhaust (which has added nice power) with the Ansa rear-section, the head mechanical appraised the car for $10,000, and that was before Alfa announced that they are returning to the US, which has led to the appreciation of these cars greatly. I bought this car among the rest because its frame was completely rust-free, which is the most important thing on the Spider (along with all cars). The head mechanic of Col-Gen also mentioned that since the car is so original and clean, it could be a show-car. The A/C, heat, and all the rest works. The radio is clear, and the car is ready to be driven hard. The engine is perfect, and the gearbox is extremely pleasant. There is no second gear grind, and it shifts nicely all the way to fifth gear. I can provide aid with shipping.
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Auto blog
Marchionne uses racial epithet to describe what must power future Alfa Romeo models
Wed, 16 Jan 2013Sergio Marchionne and his Fiat empire have a lot riding on the US return of the Alfa Romeo brand. The endeavor has been in progress for what feels like a lifetime - certainly for as long as Fiat has had the Chrysler brand under its Italian wing.
It's not surprising that Fiat CEO Marchionne needs a perfect first Alfa to mark a return to America. And here's where things get dicey. Nobody would argue with Marchionne's insistence that Alfa Romeo's be powered by Italian engines - as Marchionne himself is quoted to have said at the 2013 Detroit Auto Show, "There are some things that are well done in Italy."
If not what he said, then, it's how he said it that has eyebrows raised. "I cannot come up with a schlock product, I just won't. I won't put an American engine into that car. With all due respect to my American friends, it needs to be a wop engine." Wait, what's that?
Share price falls on skepticism of Chrysler-Fiat five-year plan
Thu, 08 May 2014Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.
Fiat set to invest $12B on new models, stop Euro losses in 3 years
Mon, 09 Dec 2013Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.