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Four-horse race opens up for next Chrysler-Fiat CEO

There are some companies that could change leadership overnight and still remain more or less the operations that they are. But some have built themselves up around one central figure. Just ask Carlos Tavares, who found he couldn't escape the long shadow of Renault-Nissan CEO Carlos Ghosn. Tavares recently left to find his own limelight. But Ghosn isn't the only executive who presides over two disparate automakers on opposite ends of the globe.
Having built up Fiat and Chrysler around himself, we can hardly imagine either automaker getting along without Sergio Marchionne. But the day will come when the famously sweater-clad bigwig will step down. The pressing questions remain when when that day will come, and who will take his place. The only solid clues we have are in the statements made mostly by Marchionne himself, but those statements have been all over the place. When speaking to Automotive News in 2012, he said he would step down "no earlier than 2013, no later than 2015." But a year later, he had already seemingly changed his tune, indicating he could still be at the helm in 2016. Fiat chairman John Elkann seems to think Marchionne, 61, could and should stay on longer.

The Abarth 695 Biposto Record is 190 hp tribute to speed

Abarth earned an early reputation for tuning big power from small-displacement engines. The company's Fiat Abarth 1000 Monoposto Record set class acceleration records at Monza in 1965, with Carlo Abarth himself behind the wheel. The limited edition 695 Biposto Record now celebrates the 50th anniversary of those titles with the hottest version of the Fiat 500 on the street. Abarth will limit this special 695 Biposto to just 133 examples – the company's number of historic records. They all wear Modena Yellow bodies with Tar Cold Grey trim and an enameled badge. The interior also features a numbered plaque. Beyond these aesthetic tweaks, Abarth sticks with the high-output powertrain of the standard 695 Biposto: a 1.4-liter turbocharged four-cylinder sends 190 horsepower to the front wheels through a mechanical locking differential. An Akrapovic exhaust provides great sound, too. Compared to a normal Fiat 500 Abarth, the weight of the Biposto twins drops to 2,198 pounds thanks in part to the removal of the rear seats. The combination of more power and fewer pounds lets the hatchback reach 62 miles per hour in 5.9 seconds and a top speed of 143 mph. Brembo brakes slow things down. Inside, Sabelt buckets with carbon shells hold the two occupants tight with four-point harnesses. Like the standard 695 Biposto, we don't expect the company to offer the Record in the US. They're rather expensive across the pond; The UK press release shows a price there at the current equivalent of $55,680. Related Video: ABARTH ANNOUNCES LIMITED EDITION 695 BIPOSTO RECORD A new, limited edition version of Abarth's stunning 695 biposto, the Record, has just gone on sale, priced GBP36,610 OTR. Just 133 examples of the striking 695 biposto Record will be built for worldwide distribution. An exclusive 'Modena Yellow' finish embellished with 'Tar Cold Grey' trims, enamelled '695 Record' badge on the side and aluminium bonnet are all standard features. This small run of cars – 133 is the number of records held by the Scorpion brand – also feature 18-inch OZ alloy wheels, large Brembo brakes and a throaty Akrapovic exhaust. Inside, there is special instrument panel animation, Sabelt carbon shell seats, four point seatbelts, a cargo net and a unique numbered plate. Based on the sporting, two-seat Abarth 695 biposto, the Record version is powered by the same 190hp 1.4 Turbo T-Jet 16-valve engine.

Stellantis wants to trim 3,500 hourly U.S. jobs, UAW says

WASHINGTON — Chrysler-parent Stellantis NV wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said in a letter dated Monday posted on its Facebook page. Stellantis spokeswoman Jodi Tinson declined to comment. A person briefed on the matter said the figure might be lower than the figure cited in the UAW letter. In late February, Stellantis indefinitely halted operations at an assembly plant in Illinois, citing rising costs of electric vehicle production. The action impacted about 1,350 workers at the Belvidere, Illinois, plant that built the Jeep Cherokee SUV and resulted in indefinite layoffs. The automaker has warned it may not resume operations as it considers other options. The UAW letter said openings created by workers leaving would be filled by workers on indefinite layoff. Stellantis said in February that about 40,000 U.S. hourly workers were eligible for profit sharing. Last week, UAW President Shawn Fain said Stellantis' decision to idle the Illinois plant was "a flat-out violation" of the union's contract with the UAW and is unacceptable. The UAW will enter talks with the Detroit Three before labor contracts expire in mid-September. Earlier this month, General Motors said about 5,000 salaried workers accepted buyouts to leave the automaker. GM CEO Mary Barra said February job cuts of a few hundred jobs and the 5,000 buyouts "provided approximately $1 billion towards" a $2 billion cost cutting target. Ford Motor Co recently announced significant job cuts in Spain, Germany and other parts of Europe and in August said it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India. Hirings/Firings/Layoffs UAW/Unions Chrysler Dodge Fiat Jeep Maserati RAM Stellantis