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Sergio rethinks FCA-GM merger idea, dismisses critics

After many public overtures, Fiat Chrysler Automotive CEO Sergio Marchionne has claimed his company won't be making a hostile takeover bid for General Motors. This is despite widespread speculation that FCA's desire to merge was motivated by its allegedly dire situation. As one unnamed GM exec who spoke to Automotive News earlier this year put it, "Why should [GM] bail out FCA?" "We are not choking. We are in relatively decent shape," Marchionne told journalists attending an FCA shareholder meeting in Amsterdam, AN reports. "We have been publicly rebuffed, we have been rejected and you cannot force these things. I don't want to. At the moment, we have no intention to do anything hostile." Instead of focusing on merging with GM, or any other partners for that matter, FCA will refocus on implementing its ambitious five-year investment plan, which would see it dump $52 billion into its various brands, with a particular focus on Alfa Romeo, Maserati, and Jeep. So far the attempt has largely been unsuccessful, especially as it relates to the Italian brands. Earlier this week, additional reports emerged that claimed Alfa was pushing back the Giulia and an unnamed CUV while reassigning resources to updated versions of the Giulietta and MiTo hatchbacks. This is not the first time we've heard about trouble for the Giulia, of course. For Masearti, though, it was the first we'd heard of delays for Alfieri sports car, which allegedly won't appear in 2016, as promised. We can expect a proper breakdown of FCA's adjusted plans when Marchionne and Company reveal an updated product slate next month. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience. News Source: Automotive News - sub. req.Image Credit: Paul Sancya / AP Alfa Romeo Chrysler Fiat GM Jeep Maserati Sergio Marchionne FCA

2017 Fiat 124 Spider questions if the answer is always Miata

It's a popular response among fans of Mazda's iconic, compact, rear-driver roadster – the answer to any question is always Miata. With the new MX-5-based Fiat 124 Spider, though, the Italians could be set to supplant Hiroshima's finest offering. That is partially because the new 124 Spider brings us something we've long been clamoring for in the Miata. Fiat ditched the MX-5's standard-issue 2.0-liter, Skyactiv four-cylinder, and replaced it with the popular 1.4-liter, turbocharged four-cylinder from the 500 Abarth. While it's worth getting excited about the new roadster's singing voice, it's the big jump in torque that will truly transform the driving experience. Rather than 148 pound-feet, there's a meaty 184 lb-ft, a figure which is paired with 160 horsepower (five more than the MX-5). As Managing Editor Ewing explained in his by-the-numbers comparison of the two roadsters, it's this new powertrain that has the most potential to change the dynamite MX-5 driving experience. Of course, we won't know how it handles for certain until we get behind the wheel. Stay tuned for that saga. As for the looks, we'd argue that they're largely subjective. Among the Autobloggers in attendance at the 2015 LA Auto Show, opinions seem to be split, with some appreciating the Fiata's extensive overhaul while others (notably professed Miata fanatic Ewing) are set firmly against it. We'd love to hear your take on the new look. Take a peek at our full gallery of images from the car's LA debut, and then register your opinion in Comments. All-new 2017 Fiat 124 Spider Revives Legendary Nameplate with Iconic Italian Styling and Dynamic Driving Experience - 2017 Fiat 124 Spider returns nearly 50 years after original introduction Revival of roadster continues expansion of FIAT brand in North America - Delivers iconic Italian style with modern adaptation of original Spider legend - Powered by turbocharged MultiAir 1.4-liter engine for 160 horsepower and 184 lb.-ft. of torque, available with manual or automatic transmission Available with an array of safety and security features, plus technologies for added comfort and convenience - First 124 units will be available as limited-production Prima Edizione Lusso Auburn Hills, Mich., Nov 18, 2015 - The all-new 2017 Fiat 124 Spider revives the storied nameplate, bringing its classic Italian styling and performance to a new generation.

Junkyard Gem: 1974 Fiat 124 Sport Spider

Fiat sold the Pininfarina-designed 124 Sport Spider in North America for the 1966 through 1980 model years, followed by a few years of importation by Malcolm Bricklin as the Pininfarina Spider. During the 1970s, these cheap and lightweight sports cars sold well, and enough of them still await oft-postponed restorations that plenty of them still show up in wrecking yards to this day. Here's a rusty but complete '74 in a Denver-area self-service yard. This wouldn't even count as real rust in Maine or Michigan, but it's a death sentence for a Denver Spider. According to the emissions-test sticker, it was driving in Colorado as recently as 1994. The inherent coolness of an Italian convertible keeps these cars around even after they break (which happens with great frequency), but their affordability makes owners reluctant to spend real money on fixing problems. This means that many thousands of 124 Sport Spiders sit in driveways, yards, and garages around the continent, awaiting repairs that (in most cases) will never come. Eventually, a spouse or landlord or homeowners' association has had enough, and the old Fiat project takes that final, sad tow-truck trip to the graveyard. The 1,756cc Twin Cam engine in this car was rated at 92.5 horsepower, which was decent power for a 2,128-pound car in 1974. The current Miata-based 124 Spider has 160-164 horses and weighs just a few hundred pounds more, but expectations have changed since the dark days of the Malaise Era. The 124 Sport Spider's main rival in North America was the venerable MGB. Both cars were notorious for reliability problems, but so what? Commuting in an affordable little European convertible was way more fun than chugging around town in a Corolla or Pinto. In 1974, the 124 Spider had a $4,395 price tag (about 23 grand today), and the MGB cost a mere $3,925. The MGB was heavier and had just 78.5 horsepower from its sturdy-but-primitive pushrod engine (yes, British Leyland claimed the half-horse instead of rounding down), but was much more solidly built; if not for the flaky electrical system made by The Prince of Darkness, the MGB would have obliterated the 124 Spider in the dependability department. I always grab these beautiful metal-and-glass warning lights when I find them in junked Fiats; I have installed them in everything from Impala instrument panels to homemade car-parts boomboxes. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.