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2020 Fiat 500X Sport expands lineup and color palette

Fiat trotted out the new and improved 500X at the 2018 LA Auto Show. This year the Italian carmaker follows up at Automobility LA with the new 500X Sport trim intended to bestow a "youthful, sporty appearance" on the 500X lineup. That starts with the Rovente Red hue added to the color palette, "rovente" being Italian for "scorching." The Sport gets a new front fascia that omits the rugged-looking moldings on the Trekking trims, puts fog lights in discrete housings at the lower corners, and paints the lower lip in body color. Along the sides, the normally dark wheel arch liners and side moldings are swapped for body color as well, while the mirrors and door handles get dark-finish accents to go with a Sport badge on the front fender. In back, dark-finish trim across the tailgate and twin, chrome-finish tailpipes let the Fiat clan know this one is the feisty one. Standard fit is a set of 18-inch wheels in a new design. For the first time on the 500X model, 19-inch wheels are an option, wrapped here in Michelin CrossClimate all-season tires. Up top, buyers can take advantage of another new option, a black roof. The interior goes dark top and bottom. Instead of the light-colored upper space, the headliner and pillars have been finished in deep gray materials while the new Sport seats wear black fabric with vinyl inserts and a gray "500" logo. Bright flashes come in the aluminum pedal trim covers and instrument panel bezel finish. The steering wheel invites grip with "techno-leather" and Alcantara, plus proper paddle shifters. Alcantara also adorns the brow over the gauge cluster, the gauges themselves done up with tweaked graphics. Motivation comes from the same 1.3-liter turbocharged four-cylinder found in the rest of the 500X lineup in the U.S., putting out 177 horsepower and 210 pound-feet of torque through a nine-speed automatic to all four wheels with on-demand all-wheel drive.  When the 500X Sport goes on sale in early 2020, dealers will ask $26,895 plus a $1,495 destination charge, for a total of $29,390. Pricing puts the Sport above the $27,740 Trekking while the top trim remains the $30,990 Trekking Plus.

Marchionne's pay as Fiat CEO falls to $5M

Sergio Marchionne will be buying fewer of his iconic sweaters, as his 2013 pay from Fiat took a dip from $6.24 million to an even $5 million. Marchionne, who was also CEO of Chrysler, made $307,989 thanks to some stocks and benefits from the American company, although he didn't take a salary. Of that $5 million paid by Fiat, $3.19 million came from Marchionne's fixed salary while the remaining $1.8 million was paid for hitting unspecified performance targets.
The news comes from Fiat's compensation reports, which also showed that the 61-year-old, who already owned three million shares in Fiat at the end of 2013, was able to receive an additional 2.3 million shares through a stock incentive program. According to Automotive News Europe, the additional shares would be worth about $25 million at today's prices, although so far, Marchionne has declined to claim the extra shares.
According to ANE, Fiat reported a 2013 trading profit of $4.7 billion.

Fiat shareholders green-light Chrysler merger, end of an Italian era

Fiat has just taken a major step away from its Italian heritage, as shareholders officially approved the company's merger with Chrysler. That move will lead to the formation of Fiat Chrysler Automobiles NV, a Dutch company based in Great Britain and listed on the New York Stock Exchange, according to Automotive News Europe.
The company captured the two-thirds majority at a special shareholders meeting, although there are still a few situations that could defeat the movement. According to ANE, roughly eight percent of shareholders opposed the merger, which is a group large enough to defeat the plan, should they all exercise their exit rights outlined in the merger conditions.
Meanwhile, Fiat Chairman John Elkann (pictured above, right, with CEO Sergio Marchionne and Ferrari Chairman Luca Cordero di Montezemolo), the great-great-grandson of Fiat founder Giovanni Agnelli, reaffirmed his family's commitment to the company beyond the merger. Exor, the Agnelli family's holding company, still maintains a 30-percent stake in Fiat.