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GM, FCA retain financial advisors amid merger rumors

Well, here we go again. Despite allegedly shutting down the idea of a merger, General Motors has retained financial advisors to, well, advise it on Fiat Chrysler Automobiles' advances. GM brought in New York-based Goldman Sachs, while FCA is currently working with Switzerland's UBS. Another source told Reuters that GM was working with Morgan Stanley, as well. But what does all this mean? Well, as we know, FCA boss Sergio Marchionne still has his eyes set very much on merging his automaker to combat what he claims are the prohibitive costs that come from developing today's vehicles. And while GM has said "no thanks," to a merger, the FCA boss is still looking to shareholders of the world's third-largest automaker to force the issue. Rather than a sign of an impending merger, voluntary or otherwise, between the two automotive powers – analysts called a hostile move by FCA "beyond ambitious," after all – retaining financial advisors on both sides could be viewed as just good business. News Source: ReutersImage Credit: Paul Sancya / AP Chrysler Fiat GM Sergio Marchionne FCA

Fiat 500 Lego Ideas kit is super cool and close to production

Back in 2016, we highlighted an awesome Lego Fiat 500 model that was submitted to the Lego Ideas website. The website, for those of you unfamiliar, is where Lego fans can submit their creations to potentially become production kits that other people could buy. That kit was still in the early stages of hitting 10,000 supporters, the number needed to officially be considered by Lego. We have learned that the kit is now really close to hitting the goal. It has reached 8,255 supporters at the time of writing, and it has 139 days remaining to hit the goal. It's worth supporting, too, if you haven't. We felt that way when we first wrote about it. We were impressed by its opening doors, hood, trunk lid and sunroof. Plus, it's full of cool little details such as windshield wipers, a spare tire under the hood, a little rendition of the 500's already small engine in the back, and a nicely detailed interior. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We're also impressed at how the creators, Felix Stiessen and Gabriele Zannotti, have been refining the model since we last saw it. It now has clear bricks to form a solid windshield, and there are a number of areas in which the model has been smoothed out and cleaned up. The car's front and roof are key examples. The bumper is now rounded at the corners, and the hood takes advantage of more curved pieces that slope forward for a rounder look. If you want the chance to get one of these 500 kits yourself, definitely go to the Lego Ideas website, sign up, and hit the support button. It doesn't cost anything, and you can find other neat kits to support. There's a very real possibility of the kit reaching production, too. A really cool Lego Caterham kit that garnered enough support on Lego Ideas was approved for production back in 2016, and it's still available for purchase at the Lego website for $79.99. Related Video: Featured Gallery Lego Fiat 500 Image Credit: Felix Stiessen and Gabriele Zannotti Toys/Games Fiat Hatchback Classics Lego

FCA is setting a five-year strategy: Here's how the last one played out

We're slightly more than four years removed from Sergio Marchionne last five-year plan for FCA, a tell-all where the Italian-American automaker divulged its plans for the 2014 through 2018 model years. It was a grand affair, where Sergio told FCA investors that all was right in Auburn Hills, Alfa Romeo and Maserati were making comebacks, and the fifth-gen Dodge Viper received a mid-cycle refresh. You can read every last one of those past predictions right here. We're on our way to Europe to see Sergio's sequel, coming out Friday straight from FCA's Italian headquarters. (Bloomberg reports a plan to expand Jeep and Ram globally, combine Alfa Romeo and Maserati into a single division for an eventual spinoff, and downsizing Fiat and Chrysler. Also, EVs.) But before we arrive in Italy and find out exactly what Marchionne has planned for 2019 through 2023 as his last act as CEO, let's take a minute to tally up the results of his last term based on the same scoresheet we used in 2014. Now, we're only five months into 2018, so much of this — including vehicles like the Ram HD and Jeep Grand Wagoneer — could still debut this year. For those, we'll mark things TBD. We're not going to draw any conclusions or make any objectionable remarks. We're simply going to let the stats speak for themselves.