2014 Fiat 500c Abarth on 2040-cars

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Marchionne backs off merger plans, could retire after 2018

FCA boss Sergio Marchionne is stepping back from plans to attempt a major auto industry merger like the oft-speculated deal with General Motors last year. According to Bloomberg, Marchionne now wants to grow his automaker through 2018, and then the 63-year-old could retire around the end of that year. Marchionne claims he received merger proposals last year, but he couldn't find an attractive enough partnership. "We went back to concentrate on the 2018 plan which would boost Fiat Chrysler's value and its position in a deal," he said to Bloomberg. He still believes that a big merger is possible, but "it will be someone else's duty," he said after previously hinting about possibly staying at FCA until 2020. Marchionne was clear that any chance for the GM merger was likely over. "I met Mary Barra less than a month ago in Washington," he told Bloomberg. "I don't think I will have another coffee with her. It won't happen again in the future." Now, the boss intends to spend the rest of his time at FCA building the automaker through its five-year plan, and his goal is to grow global deliveries to seven million units a year by 2018. To make that happen, the automaker will invest around $52 billion over that time to improve its brands' product slate. Marchionne began backtracking from the possible GM merger late in 2015 after it became clear that The General's board wasn't interested. Earlier in the year, he seemed more aggressive about the prospect by suggesting a hostile takeover with a bizarre metaphor about giving the company a hug. Related Video: News Source: BloombergImage Credit: Richard Drew / AP Photo Chrysler Fiat GM Sergio Marchionne FCA fca us

Fiat Abarth Zagato lovechild is a double bubble worth the trouble

The Italian automotive industry is filled with legendary names: Ferrari, Maserati, Alfa Romeo, Lancia, Lamborghini, De Tomaso, Pagani... but the names Fiat, Abarth and Zagato belong up there right beside them – especially when they came together on a vehicle as singular as this one. It's a 1957 Fiat Abarth Zagato 750 GT Corsa, and it's a rare little monster indeed. It's based on a Fiat 600, tuned by Abarth and rebodied in classic double-bubble form by Zagato. There were only about five or six hundred of these made, and only 21 of them were Corsas. Its owner, Carl Gustav Magnusson, had one just like it when he lived in Europe, and entered it five times in the Mille Miglia. But after selling it and moving to America, he found another – with matching numbers – scooped it up and has enjoyed it ever since. Fiat and Zagato took a modern stab at a similar formula a few years ago, and if it had ever reached production, an Abarth version would likely have followed. But alas it never did, so the closest we'll likely ever get is to join the videographic artisans at Petrolicious as they tell the story of this beautiful little classic in the video above.

2019 Fiat 500 Abarth Final Drive | Farewell to the Hellmouse

The market for tiny hot hatchbacks hatchbacks was always small in the United States, but it's getting even smaller. The Ford Fiesta ST has joined the dearly departed and soon to join it is the Fiat 500 Abarth, which Fiat has announced will go away along with its less caffeinated 500 siblings. Before it does, though, we got one more romp in the little monster and learned that, even with its age and rough edges, it’s still one of the most fun and charismatic machines you can get for the money. You're reminded of it the second you twist the switchblade key. The little turbo 1.4-liter four-cylinder has a gnarly burble at idle that wouldnÂ’t seem out of place in a muscle car. It only gets better when you start cruising around. The burble becomes a raging howl, and shifting right at redline results in a whiplike crack. ItÂ’s intoxicating. The 500 Abarth is boisterous, but itÂ’s not exactly fast. At 160 horsepower and 183 pound-feet of torque, most of its competition, such as the Veloster Turbo and Civic Si, feature at least 200 horsepower. The turbo isnÂ’t especially fast to spool up, and the engine isnÂ’t quick to rev either. But itÂ’s peppy enough, and the slowly building boost comes on very smoothly. As such, itÂ’s easy to manipulate what power the Abarth has. And the exhaustÂ’s placebo effect is omnipresent. But make sure the car is in Sport mode. If it isnÂ’t, the amount of boost is restricted, making the Abarth feel more like the normal 135-horsepower 500, and no amount of noise will distract you from that. The tiny turbo engine can be paired with either a five-speed manual or six-speed automatic transmission. The manual is a pretty average unit. The shifter is well-placed, but the throws are long and ropey. The pedal position is excellent, making rev-matched downshifts easy. Only having five gears to choose from seems strange in this day and age, but the long-ish ratios work nicely with the slow, low-revving engine. And you donÂ’t have to mess with the wriggly shifter too much. The automaticÂ’s six ratios feel like a good number, and each ratio is closely spaced, which helps keep the car in the power band. It shifts quite smoothly and fairly quickly, too, whether youÂ’re in automatic or manual mode. The automatic even makes smart downshifts when slowing for corners. ItÂ’s a good unit that doesnÂ’t detract from the experience. Curiously, the automatic model makes more torque at 183 pound-feet to the manualÂ’s 170.