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NHTSA, IIHS, and 20 automakers to make auto braking standard by 2022

The National Highway Traffic Safety Administration, the Insurance Institute for Highway Safety and virtually every automaker in the US domestic market have announced a pact to make automatic emergency braking standard by 2022. Here's the full rundown of companies involved: BMW, Fiat Chrysler Automobiles, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru, Tesla, Toyota, Volkswagen, and Volvo (not to mention the brands that fall under each automaker's respective umbrella). Like we reported yesterday, AEB will be as ubiquitous in the future as traction and stability control are today. But the thing to note here is that this is not a governmental mandate. It's truly an agreement between automakers and the government, a fact that NHTSA claims will lead to widespread adoption three years sooner than a formal rule. That fact in itself should prevent up to 28,000 crashes and 12,000 injuries. The agreement will come into effect in two waves. For the majority of vehicles on the road – those with gross vehicle weights below 8,500 pounds – AEB will need to be standard equipment by September 1, 2022. Vehicles between 8,501 and 10,000 pounds will have an extra three years to offer AEB. "It's an exciting time for vehicle safety. By proactively making emergency braking systems standard equipment on their vehicles, these 20 automakers will help prevent thousands of crashes and save lives," said Secretary of Transportation Anthony Foxx said in an official statement. "It's a win for safety and a win for consumers." Read on for the official press release from NHTSA. Related Video: U.S. DOT and IIHS announce historic commitment of 20 automakers to make automatic emergency braking standard on new vehicles McLEAN, Va. – The U.S. Department of Transportation's National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety announced today a historic commitment by 20 automakers representing more than 99 percent of the U.S. auto market to make automatic emergency braking a standard feature on virtually all new cars no later than NHTSA's 2022 reporting year, which begins Sept 1, 2022. Automakers making the commitment are Audi, BMW, FCA US LLC, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Maserati, Mazda, Mercedes-Benz, Mitsubishi Motors, Nissan, Porsche, Subaru, Tesla Motors Inc., Toyota, Volkswagen and Volvo Car USA.

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

2023 Fiat Topolino unveiled as tiny, city-only electric runabout

Fiat took a trip to the heritage well to launch its own version of the quirky Citroen Ami unveiled in 2020. Called Topolino, the electric two-seater (it's not legally considered a car) shares its basic proportions with its French sibling but features a retro-inspired exterior design. The name wasn't chosen randomly: Topolino (which means "little mouse" in Italian) was the nickname given to the original 500 built between 1936 and 1955. The first-generation model's contribution to the project stops there. Designers instead drew inspiration from the second-generation 500 to differentiate the modern-day Topolino from the Citroen-branded model, and we'd argue the front end is even more retro than the new 500's. It's characterized by a pair of small, round lights, smaller turn signals, and a piece of trim shaped like a metal bumper. Thick ropes replace the doors while creating a visual link between the Topolino and the beach-friendly 500 Jolly and 600 Jolly built by Ghia, among other coachbuilders, from the 1950s to the 1970s. Fiat hasn't released photos of the back end yet, and it's keeping the interior under wraps for the time being. The seats look a lot like the Ami's, however, and we're expecting most of the interior changes will be trim-related. Similarly, the Italian brand isn't ready to publish technical specifications. For context, the 1,070-pound Ami measures 95 inches long, 55 inches wide, and 60 inches tall; it fits in the back of a Ford F-250 Super Duty equipped with the longer of the two available cargo boxes. Power comes from an electric motor that draws electricity from a 5.5-kilowatt-hour lithium-ion battery pack to make eight horsepower. Driving range checks in at about 45 miles, which underlines the model's positioning as a low-speed, city-only vehicle, and if you keep your foot down you'll eventually reach a top speed of 27.9 mph. These riding mower-like specifications place the Topolino in the quadricycle segment. Built in Morocco, the Fiat Topolino will go on sale in select markets in the coming months. Pricing hasn't been announced but it's of little interest to us, because nothing suggests this tiny EV will receive clearance to travel to the United States. Across the pond, it's reasonable to assume pricing will start in the vicinity of ˆ10,000 (about $10,700). Keep an eye out for it the next time you're on a Mediterranean island. Related video: This content is hosted by a third party. To view it, please update your privacy preferences.