Fiat 500 Vintage 1970 on 2040-cars

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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.

Fiat seeking $10B in financing to buy Chrysler

As Fiat looks to become the full owner of Chrysler, all it has standing in its way is the retiree trust of the United Auto Workers, which currently holds the remaining 41.5 percent of the company as the result of the Pentastar's bankruptcy deal. The Detroit News is reporting that that Fiat is currently talking to numerous banks in an attempt to raise around $10 billion to fund the purchase of Chrysler's remaining stake with enough left over to refinance the debt of both companies. We've known that Fiat has been working to obtain the capital to buy out Chrysler for some time now, but this is the first time we've seen Fiat tip its hand about how much cash it thinks it will need to close the deal.
The first order of business is a legal dispute over the value of the UAW's stake in Chrysler, which the report indicates could cost Fiat around $3.5 billion. The acquisition of remaining shares could happen by this summer, but it sounds like CEO Sergio Marchionne (above) might not be ready for a full merger until next year.

2017 Fiat 124 Spider priced below most Miatas

The Fiat 124 Spider and Mazda MX-5 Miata might be siblings, but all that means is the rivalry between the two cars will be unusually intense. Pricing for the reborn 124 has been released and is added proof of that fact – aside from the very base trim, the turbocharged Italian is cheaper than its Zoom-Zoomy brother. Fiat's base model, the 124 Spider Classica, starts at $25,990. The MX-5 Sport isn't much cheaper, at $25,735. Both cars get 16-inch alloy wheels, black cloth seats, LED taillights, but the Mazda will throw in LED headlights. It's also interesting to note that the two cars have differing destination charges – $995 for the Fiat and $820 for the Mazda. Move up to the mid-range Fiat, and you'll start to see the "Italian" car eke out a pricing advantage. The Lusso, Italian for luxury, rings up at $28,490 compared to the MX-5 Grand Touring's $30,885. Yes, we're comparing the middle-tier 124 to the range-topping Mazda, because the mid-range, enthusiast-oriented Club is more analogous to the 124's Abarth model. The Lusso matches the MX-5 GT with 17-inch alloys, heated leather seats, a 7.0-inch touchscreen with navigation, and dual-zone automatic climate control. The Mazda does come with a bevy of safety features as standard – blind-spot monitoring, lane-departure warning, and automatic high-beam control – which look to be optional on the Fiat, so take that into consideration if you're thinking about buying one of the two. We enthusiasts are most interested in the matchup between the 124 Spider Abarth and the MX-5 Club. The scorpion-badged 124 starts at $29,190 and the Club at $29,420. You'll get more power – 10 additional ponies according to FCA – as well as all the performance goodies from the Club. There are Bilstein-tuned shocks, a mechanical limited-slip diff, and a front strut bar, plus a very imposing exhaust note. Recaro seats will be an optional extra, as will Brembo brakes (the MX-5 bundles them with BBS wheels). Finally, there's the 124 Spider Prima Edizione Lusso. The limited-edition wears Azzurro Italia (translation: pretty blue) paint and rings in at $35,995, which gets you a bunch of swag on top of the normal Lusso stuff. Oh, and if you choose the automatic transmission, you'll be punished with a $1,350 charge, regardless of which Fiata you go for. That's less than the premium Mazda charges for an automatic on an MX-5 Club or GT, but more than the $1,480 extra it charges for a two-pedal Sport.