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Fiat brings back throwback 1957 Edition for the 500

Fiat is bringing back its retro-styled 1957 Edition treatment for its 500 cabrio and hatchback models, an homage to the original 500, which debuted in 1957 as the Nuova Cinquecento. It's like a Vespa-ization of the little Italian subcompact. For an extra $995 and based on the Lounge trim, the 1957 Edition brings a new, retro fascia with throwback Fiat badging, white exterior mirrors and a choice of white, green or blue 16-inch retro-inspired wheels. You get a two-toned paint job with a white roof on hatchback versions and a black soft top on cabrio models, plus choice of three retro-inspired paint colors: celeste blue, chiaro (light green) and bianco ice (white). Inside, designers have contrasted a mostly ivory interior with marrone brown leather seats decorated with ivory accent stitching on the setbacks, perimeter and cushions. There are also ivory door-trim panels and a marrone brown leather shift boot with manual-transmission models. The steering wheel is wrapped in leather and continues the ivory-brown theme. It's accented with a retro Fiat badge. The Fiat 500 comes standard with the new 1.4-liter MultiAir Turbo engine, which boost output to 135 horsepower and 150 pound-feet of torque and features a sport-tuned exhaust. It's paired with a standard five-speed manual transmission or an optional six-speed automatic. The 1957 Edition was last available for the 2016 model year in a slightly different guise and price point. You can once again retro-pimp your 500 at dealerships starting this fall. Related Video: Featured Gallery Fiat 500 1957 Edition Image Credit: FCA Fiat Convertible Hatchback

Mike Manley named CEO of FCA amid Sergio Marchionne health crisis

Mike Manley has been immediately granted "all the powers of CEO" of Fiat Chrysler Automobiles. In a statement, FCA said its Board of Directors made this decision "in order to provide for his full authority and operational continuity for the company." Manley, who has been at the helm of Jeep since 2009 and Ram since 2015, is expected to be named an executive director for FCA after the next shareholder's meeting. In a similar statement, Ferrari said it had "named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO." CNH Industrial, a company that makes trucks, agricultural, and industrial equipment and which Marchionne also chairs, named Suzanna Heywood, as his replacement. Sergio Marchionne, who had served as CEO of both FCA and Ferrari, suffered "unexpected complications" as he was recovering from surgery performed earlier this month. FCA's statement adds that these complications "have worsened significantly in recent hours." Marchionne, credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004, had been due to step down as the head of Fiat Chrysler next April. His internal successor had yet to be named. Marchionne had previously said he planned to stay on as Ferrari Chairman and CEO until 2021.Reuters contributed to this report.Related Video: Image Credit: Mark Thompson/Getty Hirings/Firings/Layoffs Chrysler Ferrari Fiat Sergio Marchionne

Chrysler nets $1.6B income in Q4, Fiat profit up 5%

Chrysler announced its 2013 financial results today and unveiled its new name and decidedly bank-like logo. Amid the announcement, Chrysler posted big gains in income, while Fiat didn't perform to analysts' expectations.
For 2013, Chrysler had revenue of $72.1 billion, up 10 percent from 2012. Net income reached $2.8 billion, a 65-percent increase. It was the company's third straight year of annual profits.
In terms of unit sales, Chrysler sold 2.4 million cars worldwide in 2013, up 9 percent. According to Automotive News, 1.8 million of those vehicles were sold in the US, a 14-percent increase. The sales growth boosted Chrysler's US market share to 11.4 percent, up 0.2 percent.