2013 Fiat 500 2dr Hatchback, Excellent Shape, Low Miles, Financing Available on 2040-cars

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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

Fiat Chrysler parts firm Magneti Marelli sold for $7.1B

TOKYO/MILAN — Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier. The first big deal by FCA's newly-appointed chief executive Mike Manley, who took over in July after the sudden death of long-time boss Sergio Marchionne, creates a company with revenue of 15.2 billion euros ($17.5 billion), the companies said. The newly formed Magneti Marelli CK Holdings is likely to cut costs through synergies and expand its customer base as components makers try to keep up with a shift by carmakers into autonomous driving, connected cars and electric vehicles. "This combination with Calsonic Kansei has emerged as an ideal opportunity to accelerate Magneti Marelli's future growth," Manley said on Monday of the FCA unit, which specializes in lighting, powertrain and high-tech electronics. FCA shares were up 5.2 percent at 0906 GMT as investors welcomed the hefty price tag, which will boost FCA's net cash position and raises expectations of a share buyback. "Getting this transaction completed at the price agreed is a significant early milestone and accomplishment," George Galliers, an analyst at Evercore ISI, said of Manley and his team's ability to match Marchionne's deal-making reputation. Marchionne had set in motion a process to spin off the unit and distribute its shares to FCA shareholders by early 2019, but said in June that FCA would still be "receptive" to an offer. Neither FCA nor its top shareholder, Fiat's founding Agnelli family, will have a stake in the combined business, but FCA said it would enter into a multi-year agreement to secure supplies to its plants and also to maintain operations and staff in Italy. Part of a global expansion KKR bought Calsonic from Nissan and other shareholders in 2016, saying it would help the parts maker, which relies on the Japanese carmaker for most of its sales, to expand globally. Calsonic has been in talks with FCA for months and made an initial 5.8 billion euro bid, sources have said. FCA does not break out earnings for Magneti Marelli, which sits within its components unit alongside robotics specialist Comau and castings firm Teksid. The unit employs around 43,000 people and operates in 19 countries. A takeover of Magneti Marelli had remained elusive as potential bidders were offering too little or were only interested in some parts of the business.

2017 Fiat 124 Spider Abarth | Drivers Notes

We spent the week with a Grigio Argento Aluminum 2017 Fiat 124 Spider Abarth, known to many simply as the Fiata. As you may know, the 124 Spider is heavily based on the current ND Mazda Miata. In fact, both cars are built side-by-side in Hiroshima, Japan. The Miata has been a staff favorite for years, so we were interested to see how Fiat would handle the changes. While there are a lot of shared components between the two models like styling and suspension tuning, the biggest changes are under the hood. Fiat swapped the Miata's 2.0-liter naturally aspirated inline-four for a 1.4-liter turbocharged inline-four. In Abarth trim, the 124 Spider makes 164 horsepower and 184 lb-ft of torque, slightly more than the Miata (though that's offset by a bit of extra weight). Associate Editor Reese Counts: I wasn't sure how I was going to feel about this car. The current Miata is nearly flawless when it comes to driving dynamics, so I was afraid Fiat's alterations would undermine what is a fundamentally good vehicle. My fears were almost immediately put to rest. While I'm still not sure I would buy one over a Miata, I can totally recommend it to less performance-minded friends. The suspension is less firm and provides less body roll than the Miata, the latter one of my chief complaints about the Mazda. The transmission isn't as slick as the newer one in the Miata, but the turbo engine it's mated to provides plenty of character. The extra torque provides plenty of kick off the line thanks to minimal turbo lag. On paper, it's really no quicker, but around town it feels like it has a bit more grunt. In a canyon or on a track, I think I would still prefer the Miata. The 124 Spider's looks have grown on me a lot since the reveal in 2015. Honestly, I really didn't like it at first, maybe because I was so in love with the Miata's design. Taken on its own, the 124 Spider really is a pretty thing, with plenty of touches that harken back to the old model. Most important for me, they fixed the terrible, terrible seats in the Miata with new padding and covers. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Senior Producer Eddie Sabatini: I took the 124 Abarth Spider home two days this week, and it was two days of fun. Do I like the Miata better? Yes. For my money, the MX-5 drives better, looks better, and feels better but it's not the runaway contest I thought it would be before I got behind the wheel of the 124.