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Next-generation Fiat 500e EV will be all new at 2020 Geneva Motor Show

Fiat's electrified European future begins with the next-generation 500e coming to the 2020 Geneva Motor Show. Maintaining the overall proportions of the current car, everything under the skin will be new, starting with the EV platform. This is the same architecture that would propel a potential production version of the "Affordable But Cool" Centoventi concept that Fiat brought to this year's Geneva Motor Show. Fiat- Chrysler marketing boss Olivier Francois described the new 500e as, "A new 500, totally renewed. A new object. Totally electric. It's kind of an urban Tesla, with beautiful style. Italianess, dolce vita in an electric car. It's the polar opposite of Centoventi." We doubt the Centoventi concept's battery arrangement will debut in the 500e, but that would be cool. The show car's modular battery concept could run for 62 miles on its integrated unit, but more batteries could be added — including one under the seat — for 310 miles of range. Instead, we'd expect Fiat to shoot for something like the Peugeot e-208, which gets a WLTP-rated 211 miles of range. The Italian carmaker doesn't sell the 500e in Europe. Fiat's starting its electric push there with the new 500e because it wants to enter the market at the low end of pricing. That segment is also where the brand happens to be strongest; Autocar wrote that the 500 and Fiat Panda account for a third of the city car market. Since the new Fiat 500 arrived 12 years ago, more than 2 million have been sold in Europe alone. Although an Italian buyer can purchase a Fiat 500 Pop for 14,350 euros (about $16,300), Francois said the average transaction price is 24,000 euros ($27,250). The competition in the urban EV segment sells for around 32,000 euros, leaving Fiat room to make a digestible price jump from what buyers pay now for ICE versions. More competition is on the way, too, with Mini's electric Cooper coming this year, and Honda's rocking little Urban EV soon. Fiat takes an intermediate step later in 2019 when a 500 with a mild hybrid system goes on sale. That model employs a 12-volt belt-driven starter-generator. The current 500 with internal combustion will continue alongside the electric variant with stylistic and technical updates. The coming 500e platform, developed at FCA, is called the City Car powertrain.

Trucks, SUVs drive U.S. October new vehicle sales

DETROIT — Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America's love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger cars. Auto industry publication WardsAuto put the seasonally-adjusted annualized rate (SAAR) for light vehicle sales in October at a robust level of 18 million units. But after a long boom cycle, carmakers are still ill-prepared for the slight decline in sales anticipated for full-year 2017 and have taken too few steps to trim production, said Doug Mehl, a partner in consultancy A.T. Kearney's automotive practice. "When you make a new vehicle, you have volume assumptions tagged to it, and who wants to be the guy who says, 'I'm going to make less of this really cool model'?" Mehl said. "But eventually the market is the reality, and it's going to force companies one way or other here." General Motors GM reported a sales drop of 2.2 percent for the month, with consumer sales down 6.6 percent. But sales of high-margin pickup trucks, sport utility vehicles and crossovers all rose. GM also cut its inventory of unsold vehicles — a source of concern for the market — slightly. The automaker has worked to reduce its volume of excess inventory, including through significant production shutdowns in the third quarter. GM had said its inventory would rise in October. "We are heading into the fourth quarter with good momentum, thanks to a strong U.S. economy and very strong pickup and crossover sales," said Kurt McNeil, GM vice president for U.S. sales operations. GM slightly reduced consumer discounts as a percentage of average transaction prices to 13.5 percent, from 13.7 percent in the third quarter. Industry experts believe consumer discounts above 10 percent of the average transaction price are unhealthy as they erode resale values and are unsustainable in the long term. Consultants J.D. Power and LMC said last week that based on preliminary October sales numbers, discounts have exceeded 10 percent in 15 of the past 16 months. Ford The U.S. auto industry posted record sales of 17.55 million vehicles in 2016. New sales received a strong boost in September as consumers replaced vehicles damaged in southeast Texas by Hurricane Harvey the previous month. Full-year 2017 sales are expected to be slightly lower than 2016.

Marchionne to make Alfa Romeo a separate company within Fiat

According to a report in Automotive News that quotes "people familiar with the matter," the next big play in Fiat CEO Sergio Marchionne's plan for Alfa Romeo is to break it off from Fiat Group Automobiles and set it up as a separate company within the Fiat empire, giving it the same structure as Ferrari and Maserati. The idea, say the sources, is that a transparent, standalone Alfa Romeo that has to justify its every move could clearly prove its success in the public financial statements it would have to report, finally achieving Marchionne's aim of making Alfa Romeo "a credible business proposition."
That, of course, assumes that Alfa Romeo will make a success of it. The brand hasn't made a profit in any year of Marchionne's decade at the helm; sales last year fell to numbers not seen in almost half a century and its new product offensive might not include the two vehicles currently responsible for 99 percent of its sales. We're told that the brand's six new models will begin arriving in 2016 - a roadster, a midsize sedan and large sedan, a compact SUV and large SUV, and a large coupe.
Marchionne aims to expand Alfa's global appeal in several ways, the first by stressing that they are Italian products that 'belong' to Italy. This is the stance that appears to have put the kibosh on the roadster twinned with the coming Mazda MX-5/Miata. Alfa Romeos will all be made in their home country, and if they take off they'll help bandage Fiat's problem with underused plant capacity, a bugbear that is just as problematic culturally and politically as financially. Top-tier trims would use V6 engines developed by Ferrari, and global access would get a boost by selling Alfa Romeos in Jeep's 1,700 international dealerships.