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Fiat announces an all-EV transition by 2030

Today, multiple European publications are reporting that Fiat boss Olivier Francois said that Fiat will become an EV-only brand.  Stellantis is talking a big game about its EV future. The new mashup of car brands initially made the claim that by 2030, 70% of Europe sales and 35% of U.S. sales will be of all-electric vehicles. Fiat going all-electric will help accomplish this goal. “Between 2025 and 2030, our product lineup will gradually become electric only. This will be a radical change for Fiat,” Francois says. ItÂ’s tough to pinpoint exactly what that means for the U.S. market, as Fiat is only hanging on by a shred here. The only 2021 model year car it sells now is the 500X. Both the 500L and 124 Spider are listed on FiatÂ’s website, but both are 2020 model year vehicles that arenÂ’t being renewed. The regular 500 is long gone, and thereÂ’s no indication that the redesigned electric-only 500 is on its way. If the U.S. does get to enjoy FiatÂ’s electric future one day, it could very well be with totally new and different models than what we see now. The crossover-like 500X is the only model to make it through FiatÂ’s recent purging, so another small, electric crossover could make sense in the U.S. later this decade. Of course, thatÂ’s assuming Fiat keeps a foothold in America. Francois provided a reasoning for announcing the switchover now. “The decision to launch the new 500 – electric and electric alone – was actually taken before Covid-19,” Francois says. “Even then, we were already aware that the world could not take any more compromises. We were reminded of the urgency of taking action, of doing something for the planet Earth.” We suspect StellantisÂ’ view on moving toward EVs heavily influenced the decision, too. Small EVs are all the rage these days in Europe, and FiatÂ’s lineup is packed full of small cars. The next reasonable guess at a new Fiat EV would be a production version of the Centoventi Concept. ItÂ’s FiatÂ’s interpretation of an electric Panda, and Fiat says its theoretical range maxes out at 310 miles. Of course, thatÂ’s only a concept, and it was revealed far before Stellantis was formed. WeÂ’ll only know how this will play out in time, as Fiat gave itself nearly a decade to transition from gasoline to electric cars. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Autotrader picks best cars for 2015's college grads

Summer is here and the school season is winding to a close. That means millions of students will be graduating college and (hopefully) entering the workforce. For many, that will mean buying a new car suited to the new stage in life into which they will now be embarking. That can be a bewildering choice, especially for someone who's never bought a car before. Fortunately, Autotrader has come up with a short list of recommended cars – new and used – which it recommends to the graduating class of 2015. Among the site's top choices are some compelling crossovers and hatchbacks, including the Buick Encore, Chevy Trax, and Jeep Renegade, as well as the Honda Fit, Nissan Versa Note, Mazda3 and Fiat 500. Can't stretch to buying new, or don't see the point? Autotrader has also identified the Toyota Camry, Ford Fusion and even the Lexus IS as smart buys in the certified pre-owned category. "Any time someone goes through a major life change, such as graduating college, they need to determine if their current ride makes sense for their lifestyle, from both a financial and functional perspective," says Autotrader editor Brian Moody. "For example, while that hand-me-down SUV from your parents was nice when you turned 16, you may want to opt for a safer, more fuel-efficient car as you transition into the working world." Autotrader Names 10 Best Cars for Recent College Graduates ATLANTA, May 28, 2015 /PRNewswire/ -- For many, graduating college is a milestone like no other – it represents a new chapter, a proud accomplishment and, fortunately or unfortunately, financial independence. Luckily for graduates who are in the market for a new car to suit their post-college lifestyle, Autotrader's expert editors say now is a great time to make a purchase, as dealerships are flush with affordable models that are fun, fuel-efficient and thoughtfully designed. Autotrader Logo "Any time someone goes through a major life change, such as graduating college, they need to determine if their current ride makes sense for their lifestyle, from both a financial and functional perspective," said Brian Moody, site editor for Autotrader.

Fiat Chrysler, Peugeot announce merger as world's No. 4 carmaker

MILAN  — Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies. Italian-American Fiat Chrysler brings with it a strong footprint in North America, where it makes at least two-thirds of its profits, while Peugeot is the No. 2 automaker in Europe. Both lag in China, however, despite the participation of Peugeot's Chinese shareholder, Dongfeng, and are playing catching up in developing electric vehicles. Fiat Chrysler shares were trading up 9% at 14 euros in Milan, while PSA Peugeot shares were down 3.2% to 22.84 euros. The 50-50 merger is expected to offer savings of 3.7 billion euros ($4 billion), which the automakers expect to achieve without any factory closures — a concern of unions in both France and Italy where the carmakers have more overlap. Fiat Chrysler's strongest brands are Jeep SUVs and Ram trucks and it is focusing on relaunching its premium and luxury brands, Alfa Romeo and Maserati, with a focus on hybrid engines. It still makes smaller cars under the Fiat marquee, mostly for the European and Latin American markets. PSA Peugeot makes mostly small, city-friendly cars, family sedans and SUVs under the nameplates of Peugeot, Citroen and Germany-based Opel, which it bought in 2017. That is where the companies can expect to have the most overlap. The new company would be worth $50 billion, with revenue of 170 billion euros ($189 billion). It would produce 8.7 million cars a year — still behind Toyota, Volkswagen and the Renault-Nissan alliance, which make over 10 million each. Once a merger is finalized, PSA Peugeot CEO Carlos Tavares will be chief executive of the new company, with Fiat Chrysler Chairman John Elkann becoming chairman. Fiat Chrysler CEO Mike Manley will have a senior executive role. "This convergence brings significant value to all the stakeholders and opens a bright future for the combined entity," Tavares said in a statement. Manley called it "an industry-changing combination," and noted the long history of cooperation with Peugeot in industrial vehicles in Europe. The 11-member board will be made up of five members from each company plus Tavares, who is locked in as CEO for five years.