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Lapo Elkann calls out Renault Twingo for copying Fiat 500 [w/poll]

Small cars are becoming big business, especially for European automakers that are amping up the style. But is each new Euro city car's style unique?
Lapo Elkann is calling that into question. The brother of Fiat chairman John Elkann and the grandson of his late predecessor Gianni Agnelli is known as much as a style icon as he is for his work within the Fiat Group, which he has served in various capacities. He's combined the two by birthing various special editions of the Fiat 500 like the Gucci edition (to say nothing of his own denim-clad Ferraris), but now his eye is fixed on another European city car: the new Renault Twingo.
Posting photos of both vehicles on his Facebook page, Lapo is calling Renault out for what he sees as copying the Cinquecento's design.

Fiat Chrysler agrees to new $3.8 billion credit facility with banks

MILAN — Fiat Chrysler said on Thursday it has agreed a new credit facility with two banks, at a time when major carmakers are having to shut down plants, losing revenue as demand slumps in the wake of the coronavirus. Most of FCA's plants around the world are currently shut in response to the virus emergency. Italian investment firm Exor, which controls FCA, said on Wednesday that the temporary closures might continue and increase depending on how the coronavirus outbreak develops. FCA said the credit facility would be available "for general corporate purposes and for working capital needs" of the group and that it was structured as a "bridge facility" to support its access to capital markets. "This transaction confirms the continued strong support of FCA's international key relationship banks in the current extraordinary circumstances," the automaker said in a statement, without making any explicit link between the new facility and the impact the virus is having on the global economy. The facility can be drawn in a single tranche of 3.5 billion euros ($3.8 billion), with an initial 12-month term which can be extended for further six months. It adds to existing credit facilities worth 7.7 billion euros, including lines for 1.5 billion euros that the company has started to draw down, FCA said. FCA is in merger talks with Peugeot owner PSA to create the world's fourth biggest carmaker. The deal is expected to be finalized by the first quarter of next year. Equita's analyst Martino De Ambroggi said that, based on his new assumption of a 10% drop of global auto market this year, the crisis triggered by the coronavirus would impact the merged automaker's free cash flow by over 5 billion euros. Earlier this week, General Motors announced it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak. And last week, rival Ford abandoned its 2020 forecast and said it was drawing down $15.4 billion from two credit facilities to bolster its balance sheet. Related Video:

New Fiat 500e is coming to America, including fashion-forward one-offs

LOS ANGELES — It seems that Fiat took our advice and will bring the electric Fiat 500 to America. It will also adopt the 500e moniker like its predecessor, which happened to be only for the U.S. market. Unfortunately, we're going to be waiting a little bit for the American 500e. Fiat announced it won't be on sale until early 2024, with a full reveal of the American version coming at next year's L.A. Auto Show. While we have certainly seen a possible niche in the market for the chic hatch, we do worry a little bit about whether that will still be there in another year and some change. Fiat 500e Giorgio Armani View 4 Photos As for a quick recap of why we think the 500e has a shot in the U.S., well, it offers pretty solid value. In Europe, it's priced below both the Mini Cooper S E and the short-range Nissan Leaf. Simultaneously, it offers more range than either of those cars with an estimated 199 miles on a charge. That likely would go down in U.S. testing, but should still top the Leaf's 150-mile estimate even on the EPA test cycle. Assuming pricing still undercuts those two cars and range doesn't change significantly, it would be a great entry-level EV with oodles of style. Plus, Fiat has a single model on sale right now (the 500X), and dealers are likely begging for more options to offer. Fiat 500e Kartell View 4 Photos Speaking of style, Fiat brought a trio of custom models designed by fashion brands Giorgio Armani, Kartell and Bvlgari. They aren't new, having been shown in years past, but they're still very sharp. The Giorgio Armani has laser-etched paintwork to simulate fabric weaves, the Kartell has cool, futuristic plastic panels, and the Bvlgari has a custom 500-badge brooch in the steering wheel, which is both stylish, but also probably dangerous. Fiat 500e Bvlgari View 4 Photos We're also hoping that with a launch date in 2024, the electric 500 Abarth that will be revealed soon will also be imported. We would also love to see the convertible version that underpins the Armani car make the trip to our shores, too. We're sure to get more information in the future. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.