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Alfa Romeo will gain a Jeep Compass-based SUV

It was reported earlier this week that FCA would invest into its Italian factories to ramp up production at currently underutilized locations. Those plans have now been clarified with official information from FCA, as reported by Automotive News. The entire investment is worth $5.7 billion. First of all, Alfa Romeo will gain a new compact SUV based on the Jeep Compass architecture. The still-unnamed model will be available as a plug-in hybrid, and it will be built in Pomigliano, Italy. No U.S. availability has yet been announced, but it would not be odd to see the Compass-based model sold below the Stelvio in the States. The last time Alfa Romeo had anything similar in its model portfolio was when it offered Crosswagon-badged four-wheel-drive versions of the 156 and 159 wagons. As for the Jeep Compass itself, it will begin to be built at the Melfi plant in Italy. The rumored small "baby" Jeep slotting under the Renegade has not yet been officially mentioned. Fiat will introduce a battery electric 500, built in Turin, and the Pomigliano plant that will make the compact Alfa Romeo SUV will also be used to build a mild hybrid version of the Panda city car. The 500X will gain a PHEV variant. The Stelvio platform will also spawn a corresponding SUV for Maserati, and FCA also mentioned Maserati will introduce a new, unnamed model it will make in Modena. Automotive News quotes Italian press as saying this will be the Alfieri coupe and convertible, also offered as battery electric versions. Related Video:

2017 Fiat 124 Spider Abarth | Drivers Notes

We spent the week with a Grigio Argento Aluminum 2017 Fiat 124 Spider Abarth, known to many simply as the Fiata. As you may know, the 124 Spider is heavily based on the current ND Mazda Miata. In fact, both cars are built side-by-side in Hiroshima, Japan. The Miata has been a staff favorite for years, so we were interested to see how Fiat would handle the changes. While there are a lot of shared components between the two models like styling and suspension tuning, the biggest changes are under the hood. Fiat swapped the Miata's 2.0-liter naturally aspirated inline-four for a 1.4-liter turbocharged inline-four. In Abarth trim, the 124 Spider makes 164 horsepower and 184 lb-ft of torque, slightly more than the Miata (though that's offset by a bit of extra weight). Associate Editor Reese Counts: I wasn't sure how I was going to feel about this car. The current Miata is nearly flawless when it comes to driving dynamics, so I was afraid Fiat's alterations would undermine what is a fundamentally good vehicle. My fears were almost immediately put to rest. While I'm still not sure I would buy one over a Miata, I can totally recommend it to less performance-minded friends. The suspension is less firm and provides less body roll than the Miata, the latter one of my chief complaints about the Mazda. The transmission isn't as slick as the newer one in the Miata, but the turbo engine it's mated to provides plenty of character. The extra torque provides plenty of kick off the line thanks to minimal turbo lag. On paper, it's really no quicker, but around town it feels like it has a bit more grunt. In a canyon or on a track, I think I would still prefer the Miata. The 124 Spider's looks have grown on me a lot since the reveal in 2015. Honestly, I really didn't like it at first, maybe because I was so in love with the Miata's design. Taken on its own, the 124 Spider really is a pretty thing, with plenty of touches that harken back to the old model. Most important for me, they fixed the terrible, terrible seats in the Miata with new padding and covers. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Senior Producer Eddie Sabatini: I took the 124 Abarth Spider home two days this week, and it was two days of fun. Do I like the Miata better? Yes. For my money, the MX-5 drives better, looks better, and feels better but it's not the runaway contest I thought it would be before I got behind the wheel of the 124.

FCA may sell off Magneti Marelli

FCA is reportedly just days away from filing the official prospectus for the Ferrari initial public offering, and it could put the Italian sportscar maker's value at $11 billion. Although, Sergio Marchionne always seems to have another iron in the fire, and his next big deal could shed the automotive giant's Magneti Marelli parts business to the tune of $3.3 billion. According to Reuters citing anonymous insider sources, at least two private equity firms are considering joint submitting bids with firms already in the industry. This deal has reportedly been in the works for at least the last few weeks. According to Reuters, FCA already rejected a roughly $2.7-billion offer in June. Marchionne apparently wants at least the equivalent of $3.3 billion for the company. Publicly, FCA isn't talking, though. Company spokesperson Gualberto Ranieri told Reuters and reiterated to Autoblog simply that Magneti Marelli wasn't for sale. However, a move to get rid of the parts company has been discussed in the past. In 2013, the business was rumored to be part of a purported arrangement to sell Alfa Romeo to Audi. While there's no final decision yet, according to Reuters, if the Magneti Marelli sale does move forward the decision would likely come sometime after the Ferrari IPO. The company would likely be split up among the various divisions. "Everyone will take a fair share of it," one of the anonymous sources to Reuters. News Source: ReutersImage Credit: Jeff Kowalsky / Bloomberg via Getty Images Earnings/Financials Chrysler Fiat Sergio Marchionne FCA fca us magneti marelli