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Court ruling to delay Fiat's Chrysler buyout?

We've already reported on the attempts of Fiat to purchase the remaining 41.5-percent stake in Chrysler, currently owned by the United Auto Workers' VEBA healthcare trust. And while the issues still aren't resolved, Fiat has received both a bit of good news and a bit of bad news from a Delaware judge.
The good news is that the court ruled in favor on two key arguments of Fiat's, relating to what is a fair price for the Chrysler shares. The rulings essentially slash half a billion dollars off the price of the 54,000 shares owned by VEBA, according to a report from Reuters.
The bad news is that this makes the UAW an even more difficult opponent in negotiations. Its VEBA fund is meant to cover ever escalating retiree healthcare costs, so naturally, the UAW wants to get as much money as possible. Losing a big chunk of cash isn't likely to make the union more cooperative.

2023 Fiat 500e First Drive Review: A European preview

TURIN, Italy – AmericaÂ’s relationship with the Fiat 500 has been rocky at best. Skimming over the original, pre-war model, the second-generation 500 (the one with a rear-mounted engine) was briefly sold here with funky headlights that stuck out from the front end like a bugÂ’s eyes. Small and underpowered, though a tremendous amount of fun to drive in its own way, it didnÂ’t catch on and moseyed out of our market after a few short years. The third-generation 500 spearheaded FiatÂ’s return to the United States when it disembarked here in 2012. It sold as well as you can expect a European-flavored subcompact hatchback to sell in the Ford F-150Â’s bastion and bowed out in 2019, though itÂ’s still sold across the pond alongside its intended successor. That would be the fourth-generation 500, unveiled in 2020, which kept the retro design but went electric-only. Sales in the United States are scheduled to start in early 2024, meaning the cheeky hatchback will be about four years old by the time it turns a wheel on American pavement. Is it worth the wait? I traveled to FiatÂ’s home town of Turin in northern Italy to get a better idea of what makes this fun-sized EV buzz. ThereÂ’s one point I need to address right off the bat: what you see in our gallery isnÂ’t exactly what youÂ’ll get when the new 500 rolls into American showrooms with an “e” attached to the end of its name. Fiat hasnÂ’t detailed the American-market model yet, but itÂ’s reasonable to assume most of the changes will be found on the specifications sheet and on the list of standard and optional equipment. Fiat canÂ’t take a European-market car and ship it here unchanged, but IÂ’m not expecting significant updates to the exterior or interior design — nothing suggests it will morph into an outdoorsy four-door crossover. Speaking of design, itÂ’s been the 500Â’s main selling point since the last-generation model made its debut in 2007 so FiatÂ’s edits were pretty light. IÂ’d guess someone who isnÂ’t up to date with whatÂ’s happening on car planet might not realize that theyÂ’re looking at a new 500, and thatÂ’s intentional. Still unabashedly retro, the model stands out from its predecessor with a new-look front end that features two-piece LED headlights and a big “500” emblem, bright beltline trim and a more chiseled hatch.

Zombie cars roundup: Dodge has sold 3 new Vipers this year

Car models come and go, but as revealed by monthly sales data, once a car is discontinued, it doesn't just disappear instantly. And in the case of some models, vanishing into obscurity can be a slow, tedious process. That's the case with the 12 cars we have here. All of them have been discontinued, but car companies keep racking up "new" sales with them. There are actually more discontinued cars that are still registering new sales than what we decided to include here. We kept this list to the oldest or otherwise most interesting vehicles still being sold as new, including a supercar. We'll run the list in alphabetical order, starting with *drumroll* ... BMW 6 Series: 55 total sales BMW quietly removed the 6 Series from the U.S. market during the 2019 model year. It had been available in three configurations, a hardtop coupe, a convertible and a sleek four-door coupe-like shape.   BMW i8: 18 total sales We've always had a soft spot for the BMW i8, despite the fact that it never quite fit into a particular category. It was sporty, but nowhere near as fast as similarly-priced competitors. It looked very high-tech and boasted a unique carbon fiber chassis design and a plug-in hybrid powertrain, but wasn't really designed for maximum efficiency or maximum performance. Still, the in-betweener was very cool to look at and drive, and 18 buyers took one home over the course of 2021.   Chevy Impala: 750 total sales The Impala represented classic American tastes at a time when American tastes were shifting away from soft-riding sedans with big interior room and trunk space and into higher-riding crossovers. A total of 750 sales were inked last year.   Chrysler 200: 15 total sales The Chrysler 200 was actually a pretty nice sedan, with good looks and decent driving dynamics let down by a lack of roominess, particularly in the back seat. Of course, as we said regarding the Chevy Impala, the number of Americans in the market for sedans is rapidly winding down, and other automakers are following Chrysler's footsteps in canceling their slow-selling four-doors. Even if Chrysler never really found its footing in the ultra-competitive midsize sedan segment, apparently dealerships have a few leftover 2017 200s floating around. And for some reason, 15 buyers decided to sign the dotted line to take one of these aging sedans home last year.