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Fiat 500e Inspired by Los Angeles gets beach-inspired paint

Fiat is gradually rolling out more variants of the electric 500e. The latest addition to the range is a California-themed model called Inspired by Los Angeles that stands out with a handful of trim-specific styling cues, including an exclusive paint color, and a lofty price tag. The blue-ish gray (or gray-ish blue?) color is called Marine Layer Mist, and it was chosen for a very specific reason. Fiat explains that this shade is named after "the coastal marine layer that results from air masses of different temperatures and densities interacting, a natural phenomenon from May through June that gives the City of Angels a magical and complex feel." Gray mirror caps add a touch of contrast. Inside, there's beige upholstery, a soft-touch steering wheel, and a Marine Layer Mist dashboard insert. Fiat also threw in a seven-speaker sound system with an amplifier and a subwoofer; it includes four Virtual Venues, or sound modes, picked by Italian singer Andrea Bocelli. Fiat hasn't made any drivetrain changes. Power for the 500e comes from a single electric motor that draws electricity from a 42-kilowatt-hour lithium-ion battery pack to zap the front wheels with 117 horsepower and 162 pound-feet of torque. Range checks in at up to 149 miles. Level 2 driving technology comes standard. It relies on the adaptive cruise control and the lane-keeping system to assist the driver on select roads. It does not make the 500e fully autonomous, or even hands-free, but Fiat notes the hatchback is the only EV in its segment to offer Level 2 capabilities. Pricing starts at $37,595 including a $1,595 destination charge, so the 500e has shifted light-years away from its roots as an affordable people's car. For context, the 500e RED announced in December 2023 starts at $34,095 and the last-generation model released in 2007 and still sold new in some European markets (at least until later in 2024) costs ˆ17,700 (about $19,200 at the current conversion rate) in Italy. Built in Turin, Italy, the 500e Inspired by Los Angeles is on-sale now and deliveries are scheduled to start in the third quarter of 2024. Every 500e regardless of trim comes with a Level 2 home charger or charging credits valid in the Free2move charging network. Looking ahead, the 500 range will grow with the addition of a hybrid model, though there's no word on whether this model will be sold in the United States.

Fiat Chrysler completes sale of Magneti Marelli

Fiat Chrysler Automobiles completed its sale of components maker Magneti Marelli to CK Holdings Co., Ltd., the holding company of Calsonic Kansei Corporation. The Japanese parts supplier paid $6.5 billion (5.8 billion euros), which is a bit less than the $7.1 billion deal that was initially announced in October of 2018. According to Reuters, the price was adjusted based on Magneti Marelli's estimated financial position as of the closing date. The influx of cash allowed FCA to offer a special cash distribution to its shareholders for the first time in a decade. At ˆ1.30 per share, the payout corresponds to a total distribution of approximately ˆ2 billion. The dividend will pay out on May 30. "FCA remains committed to Magneti Marelli, with the new company continuing as a key supplier," FCA CEO Mike Manley said in a statement. "This sale also recognizes the full strategic value of Magneti Marelli, improving our financial position, delivering value to our shareholders and allowing us to enhance our focus on our core product portfolio." Earnings/Financials Chrysler Fiat magneti marelli

Feds accuse Fiat Chrysler, UAW of conspiring to break labor laws

DETROIT — Top officials of Fiat Chrysler Automobiles and the United Auto Workers union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were designed to "grease the skids" in labor negotiations. U.S. Justice Department officials for the first time called the company and the union "co-conspirators" in a document related to a guilty plea agreed by former Fiat Chrysler director of employee relations Michael Brown. The document was filed with the U.S. District Court in Detroit on May 25. Its contents were reported by the Detroit News on Wednesday. Brown pleaded guilty to one count of concealing a felony. The plea agreement stated that he knew Fiat Chrysler executives authorized $1.5 million in improper payments and travel, liquor, cigars and other goods for UAW officials who served on the union's negotiating committee. Prosecutors say FCA executives paid UAW representatives to influence union business. including collective bargaining on contracts ratified in 2011 and 2015. The government contends money was run through the UAW-Chrysler National Training Center, via false charitable donations and training center credit cards. Fiat Chrysler Chief Executive Officer Sergio Marchionne has said in the past that the misconduct "had nothing whatsoever to do with the collective bargaining process" and the "egregious acts were neither known to nor sanctioned" by the company. Fiat Chrysler had no further comment Monday. Outgoing UAW President Dennis Williams told union leaders at a conference in Detroit on Monday "our leadership team had no knowledge of the misconduct — which involved former union members and former auto executives — until it was brought to our attention by the government." Brown pleaded guilty on May 25, according to court documents, and will be sentenced on Sept. 20. Five other people have pleaded guilty in the government's ongoing investigation into the UAW and Fiat Chrysler, including the wife of a late UAW official, two other former UAW employees, former Fiat Chrysler vice president Alphons Iacobelli and another former Fiat Chrysler employee. Reporting By David Shepardson and Nick CareyRelated Video: Government/Legal UAW/Unions Chrysler Dodge Fiat Jeep RAM FCA