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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, 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.

Alfa Romeo teases 'a new era' with Tonale taillights

The Italians from Turin opened their Facebook page to put the world on alert that "a new era begins with Alfa Romeo," and they did so using Alfa Romeo Tonale taillights. The leading guess as to what this might portend is a battery-electric Tonale. Such a vehicle is possible, but there are questions. Brand product chief Daniel Guzzafame admitted it was "technically possible," and we're expecting an EV from Alfa next year; however, that's meant to be the Italian version of the Jeep Avenger EV sold in Europe. FCA Italy runs the Facebook page in question, and the page contains plenty of Europe-specific content, so perhaps this teaser isn't meant for us in the U.S. Or perhaps the new EV gets Tonale taillights. Or perhaps some market will see a Tonale EV soon.  Another guess is that engineers have created an enhanced Tonale variant to put the Dodge Hornet in the dust. Alfa Romeo was said to be less than pleased about Dodge borrowing the Tonale and launching its Hornet first, then showing a Hornet GLH (Go Like Hell) concept with more than 300 horsepower compared to the Tonale PHEV's 285 hp. So what if there's a Quadrifoglio PHEV headed to market, marking the first time the go-fast division would have put four leaves on a hybrid powertrain? CEO Jean-Philippe Imparato said that after the Tonale launch, "we have one big product event every year for five years." This year was the 33 Stradale, next year comes something, and in 2025, "a full EV super-performing car." After that, every Alfa Romeo will be battery-electric, and Quadrifoglio trims make the jump. Imparato said there'd only be a Quadrifoglio variant of the current version if engineers could unlock "the highest level of performance." A four-leafed Tonale could break the seal on the future of performance Alfas, and be among the department's last ICE-powered hurrahs. All shots in the dark, though. Now that the tease campaign has begun, the next clue won't be far away.

Alfa Romeo takes Spider in-house, Mazda-Fiat roadster partnership not dead

It's officially off. Following a report in March of this year that the marriage of Mazda and Alfa Romeo to produce a MX-5-based Spider was in trouble, the Italians have confirmed that it will take development in-house. "As far as the Spider goes, the final version is of course no longer the two-seater FCA co-developed with Mazda but a derivative of Project Giorgio," Maserati and Alfa Romeo brand boss Harald Wester told Car. For those not in the know, Project Giorgio is Alfa's codename for the rear-drive platform that will underpin the next-generation Spider, not to mention the replacement for the 159 sedan and a few other products. All is not lost for the Japanese-Italian partnership, though. "The Far East import will probably find a new home with Fiat-Abarth," Wester told Car. Yes, you read that correctly, Mazda is still working with FCA, and the result will eventually end up with Abarth's scorpion badge. If anything, we're more excited over this news than the idea of an Alfa MX-5. But we want to know what you think – would you rather Alfa build a new Spider on the Miata's bones, or does an MX-5 Abarth sound like more fun? Have your say in Comments.