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Fiat brings back throwback 1957 Edition for the 500

Fiat is bringing back its retro-styled 1957 Edition treatment for its 500 cabrio and hatchback models, an homage to the original 500, which debuted in 1957 as the Nuova Cinquecento. It's like a Vespa-ization of the little Italian subcompact. For an extra $995 and based on the Lounge trim, the 1957 Edition brings a new, retro fascia with throwback Fiat badging, white exterior mirrors and a choice of white, green or blue 16-inch retro-inspired wheels. You get a two-toned paint job with a white roof on hatchback versions and a black soft top on cabrio models, plus choice of three retro-inspired paint colors: celeste blue, chiaro (light green) and bianco ice (white). Inside, designers have contrasted a mostly ivory interior with marrone brown leather seats decorated with ivory accent stitching on the setbacks, perimeter and cushions. There are also ivory door-trim panels and a marrone brown leather shift boot with manual-transmission models. The steering wheel is wrapped in leather and continues the ivory-brown theme. It's accented with a retro Fiat badge. The Fiat 500 comes standard with the new 1.4-liter MultiAir Turbo engine, which boost output to 135 horsepower and 150 pound-feet of torque and features a sport-tuned exhaust. It's paired with a standard five-speed manual transmission or an optional six-speed automatic. The 1957 Edition was last available for the 2016 model year in a slightly different guise and price point. You can once again retro-pimp your 500 at dealerships starting this fall. Related Video: Featured Gallery Fiat 500 1957 Edition Image Credit: FCA Fiat Convertible Hatchback

2015 will be the biggest year ever for cars at CES

Like the SEMA Show, major automakers are paying increasing attention to the CES, with 2015 expected to be one of the most auto focused yet. Ford, Volkswagen, Toyota, General Motors, Hyundai, Mazda, Audi, BMW and Fiat Chrysler Automobiles will all be in attendance when CES 2015 kicks off next week, taking up a record-breaking 165,000 square feet of space at the Las Vegas Convention Center. "We've come a long way from a single car on a carpet," Ford's Alan Hall told Bloomberg. Unlike SEMA, or a more traditional auto show, like the upcoming festivities in Detroit, CES doesn't necessarily focus on entire cars or the way they perform, but on the way our technology will interact with vehicles, and in how those vehicles will deliver information to drivers. "CES has become a major launch point for a lot of the big automakers," IHS tech analyst Mark Boyadjis told Bloomberg. "CES is a way for them to get on a global stage for technology." As for what kind of wares automakers will trot out in Las Vegas, we already know that BMW will show off an autonomous i3 electric car that can navigate its way through a multistory car park and can be hailed via a smartwatch app. According to Bloomberg, Hyundai will show off its own smartwatch app for the Genesis sedan, while Audi and Mercedes-Benz will show off autonomous vehicles next week. Automakers won't be the only companies looking to capitalize on CES. Tech firms, like chipmaker Nvidia, are becoming increasingly involved in the automotive game and will be in town showing their wares off to OEMs. "Two years ago, our booth would have been filled with PCs and people playing video games," Danny Shapiro, Nvidia's senior director for automotive business, told Bloomberg. "This year we made a strategic decision to shift the focus of the booth on automotive and de-prioritize some of the other things." Needless to say, you can expect to see a lot of news out of Las Vegas come next week. Stay tuned. News Source: BloombergImage Credit: Julie Jacobson / AP CES Audi BMW Chrysler Fiat Ford GM Hyundai Mazda Toyota Volkswagen Technology CES 2015

Fiat pondering swallowing rest of Chrysler, US IPO

At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree trust, but the Italian company and the UAW are on different sides of the galaxy when it comes to assigning a fair price to that outstanding stake.
Naturally, Fiat CEO Sergio Marchionne is considering his options. A new report in the The Wall Street Journal says one of the scenarios being considered now is - depending on the outcome of the court case - to purchase the 41.5-percent stake and then issue an IPO to recoup some of the cost. About two months ago, Marchionne put the odds of an IPO for a wholly combined Fiat/Chrysler at 50 percent. Even with the WSJ report, it's not clear if those odds have changed.
The current company structure leaves a lot of options as to how a potential IPO could be issued, but it's said that Marchionne is against it, preferring "to be one company," under Fiat, indivisible. If Fiat is finally able to purchase all of the Pentastar, it would get access to Chrysler's war chest, pegged at $11.9 billion at the end of Q3 in 2012, and that money can't come soon enough for a brand taking a beating in Europe and delaying product over cash concerns.