2013 Fiat 500 Sport Turbo on 2040-cars

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Fiat 500X and 500L could be combined into 500XL for next generation

The Fiat 500L, classified as a subcompact minivan, has been on sale since 2012 in Europe, since 2014 in the U.S. Its subcompact crossover platform-mate, the 500X, went on sale in 2014 in Europe, replicating the same two-year delay in getting to the U.S. Neither has managed to make much of an impression in the U.S., but the 500X has done solid business globally, moving more than 455,000 units in Europe alone since going on sale and still putting up strong numbers deep into its first generation. The 500L, far from the prettiest offering in an unloved segment, has seen its European sales numbers decline from 94,114 in 2014 to 36,495 last year, but that's still not a shabby figure. AutoExpress figures the twins will roll out second-generation versions in about 18 months, but word from Fiat boss Olivier Francois suggests they could meld into a single 500XL model combining the best of their individual traits. What's more, the resulting vehicle is viewed as a prime candidate for electrification, Francois citing the roomy, high-riding 500L as "a particularly good body, high on wheels, to add batteries [to]." The 500X injects appeal into the equation, since Fiat needs to "think of the next generation with the same approach to the consumer that makes a lot of sense in an all-electric version, with a body that is obviously more relevant and in fashion. We’re thinking maybe a blend of the X and L is the way ahead, at the end of the day. But it is not for the near future – and when I say near, I mean not by the end of this year, for sure." Francois' mention of the 500L having a good body for full electrification begs the question of a second-generation platform. The new battery-electric 500e rides on a bespoke EV architecture that's so far only publicly planned to support other electric minicars like an electric Panda and the production version of the Centoventi EV concept. The Renegade has been electrified with a PHEV model, and it would make sense for that tech to cross the aisle into the Fiats — the Jeep is built in the same plant as the Italians, after all — but potentially being so close to a new generation, Fiat could opt to save money and go with one of its mild hybrid solutions for now. Considering what Fiat has on its to-do list over the next 18 months, however, from managing its own affairs post-coronavirus to completing the merger with PSA Group, anything is possible. All we can be sure of is that U.S.

Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.

Mopar updates owner apps to make car ownership easier

Owners of any Fiat Chrysler vehicle will want to head to the Apple App or Google Play store to download the latest version of their brand-specific smartphone app. Developed by Mopar, the new suite of FCA Owner apps specific to each brand pack a number of valuable features. For starters, the apps let owners access information like maintenance schedules, service history and recall notices. The apps also include an array of how-to information and instructional videos, offer push notification for important updates like maintenance offers and recall alerts, and allow customers to schedule test drives and receive quotes from their local dealers for new vehicles. But that's just the tip of the proverbial iceberg. The FCA Owner apps also feature an augmented reality function that helps drivers identify instrument-panel icons. There's a Parking Reminder feature that helps drivers remember where they parked their car, guides them back to their parking spot and tracks the time left on the meter. Finally, there's an Accident Assistant feature that helps drivers record the specifics of an accident, upload insurance information and take photos of the scene. It'll even help find the closest certified collision repair facility, schedule an appointment and access roadside assistance. The apps are available for any Chrysler, Dodge, Ram, Jeep, Fiat or Alfa Romeo built from 2011 till today, and are available for either iOS or Android. If you've got more than one FCA vehicle in your garage, you needn't download multiple versions of the app as they'll work on any model the Italian-American automaker offers. Mopar Enhances FCA Owner Apps - Redesigned FCA Owner apps offer a wide range of VIN-specific information - Owners can access maintenance schedules, service history, recall notices and more - "Augmented reality" function, beginning with 2015 models, allows owners to use camera feature on mobile devices to scan and identify instrument panel icons - Industry-first Accident Assistant feature helps owners easily document important accident information and quickly locate a certified repair facility - Individual brand versions of the app support all FCA brand vehicles - FCA Owner apps are free to download for both iOS and Android mobile devices May 29, 2015 , Auburn Hills, Mich. - The Mopar brand has redesigned and enhanced its suite of FCA Owner apps, putting more resources than ever at owners' fingertips with easier access to vehicle and lifestyle information.