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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.

Baby Jeep to join Renegade in FCA's plan for new Italian-built models

FCA is boosting its European production, introducing new models that will be built in currently under-utilized manufacturing facilities. Among the new models is a new small Jeep, smaller than the current Renegade, as Automotive News reports. FCA's Mike Manley mentioned the entry-level Jeep model earlier this year, also saying that the vehicle is targeted to European and possibly Latin American customers; in the summer, Autocar placed the launch date in 2022. The new "baby" Jeep would be made in the same factory in Pomigliano, Italy, as the small Fiat Panda, which is a top seller in Italy. The current generation Panda was introduced in 2011; if it gets a replacement in 2022, it could possibly share a platform with the Jeep model — or, the Jeep could be an eventual outright replacement for the Panda. One of Fiat's earlier core products, the Punto hatchback, was canned in August, and that production capacity will be used to make the Jeep Compass instead, at the Renegade-producing Melfi factory in southern Italy. The Compass has not previously been built in Europe. The Fiat model portfolio would be shrunk to just the 500 model family and the Panda — the 500 would also be FCA's key electric vehicle offered in Europe. It is not yet clear whether the electric 500 would be made in Turin, Italy, or in Poland; Turin might also get a Giardiniera-badged wagon version of the refreshed 500. As for the Alfa Romeo brand, it is set to gain an even bigger SUV model than the Stelvio, based on the Maserati Levante's platform. The Levante's sales have suffered recently in China, but Maserati does have light in the horizon: The Alfieri 2+2 grand tourer is still in the cards, with a launch expected for 2020 and both a convertible and an electrified version planned to follow. The Alfieri would be made in Modena, Italy, according to Automotive News' sources. None of these plans namedrop the storied Lancia brand, which has been shrunk to just the Ypsilon hatchback, based on the same platform as the current 500 and Panda. Despite that, the Ypsilon was again the second-bestselling car in Italy after the Panda in October. It is unlikely that FCA will be able to ignore this, but it is just as unlikely that any development money will be afforded to come up with a replacement for the Ypsilon, which is as similarly old as the Panda. Perhaps official announcements expected on Thursday will also clarify what will happen to Lancia.

Green-on-green Alfa Romeo 8C-based Disco Volante Spyder listed for sale

There is no unwritten rule that states an Alfa Romeo must be red, and there is no secret decree that claims an Italian car can't wear British Racing Green. Proving both of these points with aplomb is this rare 2019 Alfa Romeo 8C-based Disco Volante Spyder, which is finished in green with a green interior and listed for sale in Switzerland. Offered by exotic car dealer Niki Hasler, this Disco Volante Spyder is the fourth of seven examples built by Italian coachbuilder Touring Superleggera. When the model made its debut in 2016, we reported that each of the seven cars would be painted in a different color, and our consumer editor Jeremy Korzeniewski wrote that he hoped one would be painted green like an earlier coupe shown at a Geneva show. His wish has come true. British Racing Green works quite well on the retro-styled lines, which were penned as a modern interpretation of the original Disco Volante built in 1952. The person who ordered this Disco Volante also asked for a matching green interior upholstered in a combination of leather and Alcantara. Touring Superleggera added a plaque between the seats to remind occupants of the car's rarity, but most of the parts that the driver sees and interacts with come straight from the 8C Competizione. It's all Alfa under the hood, too. Touring made no major mechanical modifications to the Disco Volante, so it's powered by a Ferrari-derived, 8C-sourced 4.7-liter V8 engine that delivers 450 horsepower and 354 pound-feet of torque to the rear wheels via a six-speed automated-manual transmission. The 2019 example listed for sale in Switzerland has covered 16,000 kilometers, which represents approximately 10,000 miles, so it hasn't spent its life as a garage queen. It recently received new tires and new brakes, according to the dealer. Unmodified, it's equipped with a useful lift system for the front axle; we can't imagine the front splitter is cheap to replace if it loses a fight with a speed bump. As a bonus, this Disco Volante comes with a matching luggage set. Niki Hasler hasn't published pricing information, so we don't know how many organs you'll need to sell before you can add this Disco to your collection. It won't be a bargain, however. Seven units were built with Alfa's blessing, so it's rare enough to make even the standard 8C, which was limited to 1,000 units globally (split evenly between coupes and convertibles), look common.