2014 Convertible Fiat 500c Pop Cabrio on 2040-cars

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Fiat buying rest of Chrysler in $4.35 billion deal, IPO avoided

Chrysler will now become a wholly owned member of the Fiat family, as it's been announced that the 41.46-percent stake in the Auburn Hills, MI-based manufacturer owned by the United Auto Workers' VEBA trust fund will be sold to the Italian company. Concluding the agreement will mark the closure of a piecemeal purchase process that could have resulted in an initial public offering.
The total cost of the sale will see the VEBA healthcare trust receive $4.35 billion, $3.65 billion of which will come from Fiat. $1.75 billion of that will be cash, while an additional $1.9 billion will be part of a "special distribution." An additional $700 million will be paid over four separate installments according to reports from Automotive News Europe and USA Today, although the shares will belong to Fiat following the first payment. The deal was reportedly initially struck on Sunday (though it is just being announced today), and is being portrayed as particularly good news for Fiat and Chrysler, which have now prevented the remaining shares going to the stock market in a UAW-forced IPO.
"The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization that will ensure all employees a challenging and rewarding environment," Fiat CEO Sergio Marchionne said in a statement.

2014 Fiat 500L [w/video]

Practicality From The Italian Ministry of Cute
As seen in the correct Italian/European light, Fiat is rightly dubbed a small car kingdom. This is not the marque's whole story, though, and it's certainly not a way Fiat appreciates being pigeonholed. But even the brand itself sort of has to admit that, in the end, without clever and right-priced smaller cars in its lineup, it might not even exist today.
Between the early 1980s and the dawn of the 21st century, however, the Fiat brand seemingly did everything it could to wreck itself and its core compact-car reputation by producing a series of certifiably unamazing cars that mostly looked drab and behaved below average. Just go have a gander at the Ritmo, the Uno, the Duna, the 1992-98 Cinquecento, 2004-07 Seicento/600, and the most recent European mega-flop, the Stilo, discontinued in 2008. Thankfully, almost right out of the gates since the mid-aughts, however, that has no longer been the case.

Fiat 500X coming in early 2015, 'specialty' product later that year

With its name freshly on the mailbox at the Chrysler Technical Center, Fiat took its turn on the stage for Fiat Chrysler's five-year plan. Unlike the other members of FCA, though, the maker of the mustachioed minicars didn't have a great deal to talk about.
The big (and most heartbreaking) news is the announcement that Fiat will begin selling a trucklet. There was no mention of specifics, although we are sad to report that it will be reserved for Latin America alone. Sigh.
For US Fiat consumers, you can look forward to the rumored 500X, which as we've reported before, will be quite closely related to the Jeep Renegade. We can expect the bigger, all-wheel-drivier 500 to hit showrooms in early 2015 after the 500X makes its debut in Paris.