2012 Fiat 500 Sport Hatchback 2-door 1.4l on 2040-cars

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Fiat recalling 500e for faulty power inverter

Chrysler is recalling 4,141 Fiat 500e models from the 2013 and 2014 model years because they could lose power. According to the automaker, the power inverter module could allow coolant to seep onto electrical components. This could cause a short circuit and power loss. The part in question is responsible for altering the electric current.
The company discovered the problem while reviewing warranty claims, and it found five cases where the fault actually occurred. It's not aware of any injuries or accidents tied to this issue. The recall affects cars built between September 24, 2012, and April 4, 2014, and all of them are in the US. Chrysler will contact owners directly to schedule the repair.
This is the second recall for the electric hatchback. Chrysler previously had to repair more than 270 of them last year to replace bolts that secure the vehicles' half shafts.

Fiat boss Elkann being mentored by... Bill Ford?

Fiat Chairman John Elkann has been turning to an unusual source for advice on the car business. While speaking during an interview with The Detroit News, Elkann said he often asks Bill Ford Jr. for advice on how to proceed with the turnaround at Chrysler. "It's great to have the opportunity to share this with someone like Bill, who has experienced many things and gone through many things ... especially linked to Detroit." Elkann said.
As the Agnelli family heir, Elkann has inherited a long and fruitful friendship with the Ford family. While Giovanni Agnelli built his first Fiat four years before Henry Ford created his first vehicle, it was Ford that showed Agnelli the benefits of mass production and helped pave the way for what would become the Fiat empire.
Giovanni's grandson, Gianni, helped mentor Bill Ford when he was elected chairman of Ford Motor Company. Now, Ford is returning the favor by helping Elkann navigate the automotive industry's tumultuous waters.

Fiat ups Chrysler stake by 3.3%, inches closer to full control

Fiat is one step closer to completing a merger with Chrysler after exercising an option to acquire an additional 3.3 percent of the Auburn Hills-based automaker today. Automotive News reports that Fiat now controls 68.49-percent of Chrysler, which is up almost 10 percent since we last heard news of this deal back in February when Fiat talking to various banks to raise more capital in order to complete the acquisition.
The article says that Fiat is still able to increase its stake in Chrysler up to 75 percent over the next 12 months, but it sounds like CEO Sergio Marchinonne would rather purchase the remaining shares from VEBA - the retiree benefits trust - sooner rather than later. Unfortunately, the two sides still seem far from an agreement on a fair price for the rest of Chrysler, as Fiat has them valued at $4.2 billion compared to the $10.3 billion estimate from the unions that currently own the remaining stake in Chrysler.