Fiat 500 Modello R on 2040-cars

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Samsung might buy Magneti Marelli, FCA's parts supplier

Automotive manufacturing is quickly changing as companies like Google and Apple move into the sector with new products and services. It should be no surprise that other tech companies are making moves to grab a piece of the pie. According to Bloomberg, Korean tech conglomerate Samsung is in talks to purchase major automotive parts supplier Magneti Marelli from Fiat Chrysler Automobiles. Bloomberg reports that the deal could be worth more than $3 billion. It seems that Samsung is interested in Magneti Marelli's lighting, in-car entertainment, and telematics businesses, but a full purchase of the company isn't off the table. The move would be Samsung's largest-ever purchase outside of South Korea. FCA has already started to branch out and partner with tech firms. The automaker is working with Google to build an autonomous version of the new Pacifica minivan. They hope to have the first batch on the road by the end of the year. Magneti Marelli currently supplies everything from lighting and instrument clusters for passenger vehicles to high-end electronic components for Formula One and MotoGP teams. The company, founded in Italy in 1919, employs around 38,000 workers. Although it's currently owned by FCA, in the past Magneti Marelli has worked with companies like Ford and Microsoft. The purchase could help further diversify Samsung and reduce its dependence on consumer electronics like phones and televisions. Samsung is the world's largest supplier of memory chips and TVs, but the company has taken a hit lately as sales of its smartphones have faltered. In order to keep up with rivals like Apple, the company will need to venture into new markets. Perhaps Samsung's phone expertise would translate to improved vehicle infotainment systems. FCA, on the other hand, is on an aggressive five-year plan aimed at doubling net income. CEO Sergio Marchionne is attempting to eliminate the company's debt, and selling off a major subsidiary could greatly help. A recent attempt at a merger with General Motors failed and further hurt the company's finances. FCA's stock price rose in response to the rumors of the Magneti Marelli sale. Both Samsung and FCA have declined to comment on the move. Related Video: News Source: Bloomberg Technology Rumormill Chrysler Fiat Technology FCA Samsung magnetti marelli

2016 Formula 1 Chinese Grand Prix recap: another wild show on and off track

Normally we use this space to provide a lengthy recap of the weekend's Formula 1 race, but we're going to try something different since most folks reading this know what happened at the Shanghai International Circuit on Sunday. Instead, we'll alight on what we saw as the big issues in and around the race. Let us know what you think in Comments. Proper qualifying is back. Thank goodness. It only took a month of embarrassment to fix it. And so is passing! For the third race in a row, big performance improvements at the ten teams behind Mercedes-AMG Petronas and a wider tire selection at this race graced us with opening stints filled with dicing cars. Seeing the McLarens on screen doesn't make us cringe. Manor doesn't only make the global feed when it's being lapped. We've been complaining about parade races for so long that we forgot excitement was possible without rain or wholesale regulation changes. Yes, Mercedes is still the king of the jungle, but there are some other proper midfield beasts on the hunt, too. Malfunctions up and down the grid did help the show in Shanghai, like Lewis Hamilton suffering perpetual troubles, Nico Hulkenberg's runaway front wheel which red-flagged Q2, and Sebastian Vettel's and Kimi Raikkonen's flubbed hot laps in Q3 that let Daniel Ricciardo slip by into second on the grid. Come race day things went all Grand Theft Auto at Turn 1 on the opening lap, sending some of the best cars to the pits. Then came Ricciardo's puncture while leading, then came the Safety Car – all by Lap 5. Nico Rosberg got 38 seconds of airtime on the way to victory – at the start and the finish, and that happened to be his margin of victory, too – otherwise he was a ghost. Everyone else was struggling and juggling. Rosberg's win at the Bahrain Grand Prix put the German at five consecutive victories going back to last year's Mexican Grand Prix. The history books show that any driver who's won five straight contests has gone on to win the championship. With his triumph in China, the German has won the season's first three races, the history books again show that the other nine drivers who've pulled that off have gone on to win the championship. Rosberg, 36 points ahead of his teammate in the standings, is having none of it. He said of the other victors, "But they didn't have Lewis Hamilton as their team-mate." Perhaps Mercedes was right not to make an engine deal with Red Bull last season.

Icon's 1966 Fiat Giardinetta is a quaint electric city car

If city cars are the ideal candidates for electric powertrains, then the compact Fiat 500 is near perfect for the green technology. Fiat currently offers a brand-new 500e, but for those who like an old-school vibe, Icon 4x4 has just the number. In collaboration with Stealth EV, Jonathan Ward and his team converted a gorgeous 1966 Fiat 500 Giardinetta to full battery electric. Dubbed the Fiat Giardinetta EV Derelict, due to the maintenance of the original car's exterior, this 1966 gem was able to fit electric components while keeping its four-seat configuration. The car has six Tesla-sourced batteries, two in the front and four in the rear to keep things balanced. It uses an Orion battery management system and an AC35 motor. The suspension was bolstered up with coilovers, a bigger panhard bar was added, and the car now uses upgraded disc brakes. Hilariously, it has similar, if not better, specs than Fiat's current 500e. Icon and Stealth EV claim the car has about 80 horsepower and about 100 pound-feet of torque. Using a single-speed gearbox, it revs up to 5000 rpm, and due to the electric powertrain, has 100 percent of its torque the entire way up. The battery kit was able to achieve 120 miles of range at 65 mph in a test run, and the company estimates it could reach 150 miles on a single charge when driven in less taxing city conditions. Keep in mind, this car only has heat but no air conditioning (cold air was possible, but it would be pricey and isn't really necessary when it already has a retractable top). Extra Icon modifications included new weather stripping, new glass seals, and added Dynamat to quiet the old car down. Icon also reupholstered the seats with marine-rated vinyl and incorporated a few Italian leather accents. According to Stealth EV, similar battery modules are available for around $1,500 (remember there are six of these modules in this Fiat) and the kit is not a one-off-specific job. Now that they have the CAD specs, the setup could be replicated fairly easily. We suddenly want a completely impractical mini station wagon. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.