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Fiat 500e will be Stellantis' EV test run in the U.S.

LOS ANGELES – While we're excited for the Fiat 500e's arrival in the U.S., and we think there's a clear niche for it, we still had loads of questions about what models were coming, if any changes would be made and what else might be coming for the Italian brand. And in a roundtable interview with Fiat Brand CEO Olivier Francois, we learned all that and more. So let's go over the fascinating electric future of Fiat in the U.S. The Future is 500 And when we say that it's 500, we mean only 500e. Francois revealed that, although it's not going away immediately, the 500X crossover will be discontinued when this generation reaches the end of its lifecycle. His reasoning for this move is that only one model really struck a chord with American buyers: the regular 500. He pointed out that it had, at once point, 60% of the ultra-small segment ahead of Mini. And it was successful because it was an iconic car that met a very specific niche for a very specific buyer: something small and stylish that worked well as a commuter and city car. He noted that the 500L, with a focus on practicality, wasn't something that a mainstream buyer was looking for, nor that niche buyer. And it's a similar case for the 500X. So the brand is shifting back to its most popular, core model, and it has no plans in the near term to expand beyond that. Exactly which 500e variants will be offered here is still being decided. There are three versions in Europe right now, the hatchback, soft-top and quirky three-door (with a half-door on the passenger side a la Mazda MX-30). They will be joined by a sporty Abarth version soon. Francois noted that they could start with one version and offer others later, or perhaps the hatch and convertible simultaneously. The three-door seems unlikely, as there isn't much demand for such a small car with a marginally easier-to-access rear seat. The Abarth is something Francois said he would like to offer here (and we would love to accept), but that will likely be determined by how well this new Fiat strategy works. He did say that any of them could be offered, but it depends on the brand's success and strategy. One interesting tidbit that could complicate the convertible is that the most successful states for the 500 were California and Florida, which are both states were convertibles don't do great.

EIB ups financing for Fiat Chrysler's electric vehicles to $949 million

MILAN — The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) to support production of electric and hybrid vehicles, they said in a joint statement. Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria. To improve capacity utilization at FCA's Italian plants, the group has announced a 5 billion euro investment plan for the country through 2021 which envisages the launch of new electric and hybrid models. EIB and FCA had sealed 300 million euros in financing before the summer to fund investments for plug-in hybrid electric vehicle production lines at plants in Melfi, in the southern Basilicata region, and battery electric vehicles at Fiat's historic Turin plant of Mirafiori over the 2019-2021 period. FCA has now finalized a 485 million euro deal with EIB to support both an innovative line of plug-in hybrid electric vehicles at the Pomigliano plant in the southern Campania region as well as R&D activities at FCA laboratories in Turin. The EIB credit line covers 75% of the total value of FCA's investment in the project for the 2020-2023 period. Earnings/Financials Green Plants/Manufacturing Chrysler Fiat

2017 Fiat Model Year Preview and Updates

With the 'new' having worn off of Fiat's 500, it's left to the FIAT 124 SPIDER to heat up the Fiat showroom. 124 Spider: The Fiat two-seater is all-new, and from a branding perspective a return to a designation popular with Fiat fans throughout the '70s. This, however, is more Hiroshima than Turin. Its platform is shared with Mazda's Miata, while Fiat supplies its own brand-specific sheetmetal and drivetrain. 500: Despite its relative freshness here in the States, the 500 is in its tenth year of global production. Changes in '17 are both minor and substantive. For the convenience of buyers (and sanity of dealers) trim levels are reduced to Pop, Lounge and Abarth; window stickers are lowered across the lineup; and options that were once available only in packages are now offered separately. The end result is some surprisingly good price points, from top (Abarth) to bottom. 500L: Fewer trim levels and lower prices, while still failing to answer the question: Why is this sold in the US? 500X: An Italianate take on the Jeep Renegade, which itself is a Jeep-oriented take on the 500X. Like the other models in the Fiat lineup, trim levels on the 500X are reduced to three – Pop, Trekking and Lounge – while the window stickers are lowered and options are now available separately.