2013 Fiat 500 Lounge on 2040-cars

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2014 Fiat Ottimo is an Italian Dodge Dart hatchback in China

Could there be a car that could lead us to forgive Chrysler for the unloved Dodge Caliber? Yes, and it's called the 2014 Fiat Ottimo. This is the hatchback version of the Fiat Viaggio - a Fiat-badged Dodge Dart - that we heard about back in April, and it was just unveiled at the Guangzhou Motor Show to be built and sold in China next year.
This stylish little five-door looks good enough to proudly wear a BMW or Audi badge, with a two-box design that works really well with the Dart's design. Aside from the obvious Dart headlights, Fiat did a great job of giving the Ottimo a distinct and exciting face with an all-new front fascia and L-shaped running lights. Things stay classy at the rear of the Ottimo with taillights that have an interesting circular light pattern and chrome-trimmed lower fascia reflectors. Not that we have any say in the matter, but this hatchback would sure look good competing up against the all-new Mazda3 in the US.
As for what Chinese-market buyers have to look forward to, the press release posted below doesn't mention specific powertrain options, but we suspect it will be the same as the Viaggio. This includes two versions of the 1.4-liter turbocharged inline four-cylinder (tuned for either 120 or 150 horsepower) paired with either a five-speed manual or six-speed DCT.

Abarth considering performance versions of Fiat 500L, Panda

As far as product portfolios go, Abarth is about as small as they come. The performance arm of Fiat, Abarth bases its entire line on two models: the 500 and the Punto. And even within that, only the 500 is offered Stateside. But that could change.
Speaking with MSN Cars UK, Abarth boss Marco Magnanini indicates that the Scorpion marque is preparing to expand beyond its current two-car lineup. That could include the Panda (at right), a model we don't get here, and the 500L shown above, which we do. Unlike the 500C (which is essentially a 500 hatchback with a cloth roof panel), the 500L is an entirely different model on a different platform.
If Abarth applies its go-fast treatment to the 500L, Fiat could have a challenger to the Mini Countryman Cooper S and JCW on its hands. The last time Fiat offered an enthusiast-focused Panda, meanwhile, was with the Panda 100HP, widely rated as a blast to drive far beyond its humble output.

Fiat Chrysler posts $690M Q1 loss

If there is one thing that should be remembered when looking at quarterly and annual earnings, it's that the headline numbers rarely tell the whole story when it comes to an automaker's health. Chrysler's first-quarter earnings are just such an example.
Yes, the Auburn Hills-based manufacturer lost $690 million, which is quite a large sum of money. The reasons for the loss, according to Chrysler, were "Unfavorable infrequent items," which includes a $504 million payment to rid itself of the debts it took on for prepaying the UAW's VEBA healthcare trust. Chrysler was also hit with a $672 million charge to the UAW, which was part of a deal that allowed Fiat to purchase the remaining shares of Chrysler owned by the VEBA.
Ignoring those one-time deals, the first quarter was quite a successful one for Chrysler. It would have made $486 million if you erased the merger costs, which would have been a year-over-year increase of $320 million. Even more promising is the fact that Chrysler snagged the largest increase in market share of any automaker during Q1 at 1.1 percent, bringing its overall share to 12.7 percent of the US market. Chrysler saw a 30-percent improvement in sales of trucks and SUVs, along with an 11-percent increase in year-over-year sales and a 23-percent increase in revenue, to $19 billion.