Fiat Other Roadster on 2040-cars
Temecula, California, United States
Outstanding low mileage survivor just awakened from 20 year nap. This single-owner Fiat looks to have mostly original paint, original interior and outstanding instruments, gauges, and bright work. Very limited production mid 50’s touring roadster. The Fiat competed with Alpha and Lancia for the hearts of the landed gentry. This un-restored unmolested specimen shows wonderful patina of finish with ever so slight crazing to support its authenticity; both the seats and the roof need a wee bit of stitching work. The touring velocci has recently been treated to a complete mechanical reconditioning. The car is currently located in CA. Pre-purchase inspections are encouraged - as with all old classic cars, please see before you buy; we don’t want you disappointed!On Apr-01-15 at 12:33:48 PDT, seller added the following information: Outstanding low mileage survivor just awakened from 20 year nap.This single-owner Fiat looks to have mostly original paint, original interior and outstanding instruments, gauges, and bright work.Very limited production mid 50’s touring roadster. The Fiat competed with Alpha and Lancia for the hearts of the landed gentry.This un-restored unmolested specimen shows wonderful patina of finish with ever so slight crazing to support its authenticity; both the seats and the roof need a wee bit of stitching work.The touring velocci has recently been treated to a complete mechanical reconditioning.Hagerty puts the value between $40,000.00-$58,000.00.The car is currently located in CA.Pre-purchase inspections are encouraged - as with all old classic cars, please see before you buy; we don’t want you disappointed!
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Fiat board makes Chrysler merger official, approves $5.4B bond sale
Mon, 16 Jun 2014Fiat's board of directors has officially approved the merger plan that will see the conglomerate's automotive operations merged with Chrysler into the new Fiat Chrysler Automobiles.
The plan essentially provides a road map for the structure of the new company. It includes provisions for Fiat shareholders - one Fiat share will translate to one share of FCA common stock. The new company will also include a loyalty voting structure, which will provide for shareholders of Fiat stock or those that have held FCA stock for at least three years. According to the plan, these shareholders would see their voting power double, with two votes for every share of FCA's common stock. The overall merger plan still needs to be approved by the company's shareholders.
In other Fiat-related news, the company's board has announced a bond issuance of four billion euro ($5.4 billion). The new bonds should provide the company with a degree of flexibility in refinancing debts associated with the merger plan.
UAW urging Chrysler to sell shares to investors
Thu, 10 Jan 2013The United Auto Workers union is pushing Chrysler to sell 16.6 percent of its stock to investors in an attempt to establish the value of the shares. The UAW is currently locked in a lawsuit with Chrysler parent company Fiat over how much the Italian automaker should pay to buy shares from the trust fund. Last year, Fiat told the trust it intended to exercise its right to purchase 3.3 percent of the union's shares at issue. But the union contended the 54,154 shares were worth closer to $381 million instead of the $155 million Fiat offered.
Currently, the UAW owns 41.5 percent of Chrysler while Fiat holds 58.5 percent of the company. Currently, it's unclear whether the UAW could force Chrysler to put the shares on the open market. Doing so would be the first step toward a much-anticipated initial public offering. Chrysler has said it will comply with its shareholders agreement, and Fiat has echoed that tune. According to The Detroit Free Press, the UAW Retiree Medical Benefits Trust has declined to comment on the situation.
Lamborghini-powered Fiat 500 blows our minds
Mon, 15 Apr 2013We suppose that it was fate that eventually someone would take a vintage Fiat 500 and wrap it around a 6.2-liter V12 plucked from a Lamborghini Murcielago. Seeing as how both the 500 and the Murcielago hail from Italy, it was only a matter of time before the two got drunk and made either the best or worst decision of their lives depending on who you ask.
Built by Oemmedi Mechanics, the car first bowed at the 2012 Bologna Motor Show, and while the ultra-widebody finished product is barely recognizable as an adorable Cinquecento, there's no mistaking the sound of that wicked V12.
How quick is the thing? Oemmedi isn't saying, but we imagine plopping an engine that dishes out 580 horsepower in a car that tipped the scales at just 1,100 pounds from the factory results in all sorts of abuses on the laws of physics. You can check out a few videos of the creation below.