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Only best-performing US Fiat dealers to get Alfa Romeo franchises

Alfa Romeo has been rumored to return to the US market so many times for so many years, it's hard to keep count. This time, though, Fiat Chrysler CEO Sergio Marchionne promises that it's for real. Alfa is scheduled to reappear in the States this summer with its 4C sports coupe as its introductory model. However, buyers won't be able to pop into just any Fiat showroom and leave with a 4C – it's planning to only sell Alfas at its best-performing dealers, according to The Detroit News. In fact, the first 4Cs sold here won't be sold at Fiat dealers at all. Instead the first shipment of cars in June will go to Maserati dealers, not unlike the handful of Alfa 8C Competizione coupe and convertible models that trickled in starting in 2008. According to Fiat Chrysler spokesperson Rick Deneau, the company is still deciding which Fiat retailers will participate in Alfa's reentry. Many of Fiat's US dealers are apparently not happy with the meritocracy approach. They built Fiat showrooms partially on the promise that Alfa would enter the US market in 2012, then 2013, and now later this year. Even worse for them, the prospects for more mainstream Alfa Romeo models in the US are still questionable. This isn't the first time that we've heard that Fiat plans to keep Alfa Romeo exclusive in the US. Still, Fiat only plans to export about a 1,000 4C sports coupes a year here. If Alfa wants to be a legitimate player in America and be a money-making concern globally, it will need far more sales than that. Featured Gallery 2015 Alfa Romeo 4C: First Drive View 57 Photos News Source: The Detroit NewsImage Credit: Copyright 2014 Matt Davis / AOL Earnings/Financials Marketing/Advertising Alfa Romeo Fiat Maserati Coupe Performance Sergio Marchionne alfa romeo 4c fiat dealers

New auto loans could soon extend out to 84 months

Cars and trucks are more expensive than ever before. In order to boost sales and help consumers afford new vehicles, automakers are offering longer and longer terms for auto loans. This past week, Bloomberg reported that FCA's Ram Trucks division is currently offering the longest loans. Some stretch to 73 months. Jeep, Fiat and Chevy aren't far behind. More noteworthy is that we'll likely soon see lenders moving from 73-month to 84-month loans. That's seven years worth of interest. More than two-thirds of US auto sales come from light trucks like the Ford F-150, Chevy Silverado and Ram 1500. The average transaction price of a new vehicle is well over $30,000. It's not difficult to spec out a heavily-optioned truck up to $60,000. Vehicles depreciate from the moment they roll off a dealer lot, and these six or seven-year loans could hurt consumers and lenders both in the long run. The U.S. Senate voted last week to kill rules that would prevent discriminatory auto lending. These Obama-era guidelines were meant to curtail lenders who offered higher loans based on race, religion, sex or national origin. Related Video: News Source: Bloomberg Chevrolet Fiat RAM Car Buying car loan car values

Fiat says all Abarth models to be electric from 2024

Fiat didn’t have the big, bold product announcements in Stellantis EV Day that Ram, Dodge and Jeep did, but the Italian company still gave us a little something to chew on.  For starters, Fiat says all future Abarth products will be electric from 2024 and onward. There are currently no Fiat Abarth products sold in the U.S., but the news could still be relevant to us as it concerns future Abarths. News that future Abarths will be electric by a certain time is essentially confirmation that such a vehicle or vehicles are on the way, so expect an electric Abarth sometime around 2024. Consider the 500 Abarth and 124 Abarth to be the last two gasoline-powered Abarth-branded vehicles to be sold in the U.S. Seeing the closeness of the 2024 cutoff, theyÂ’ll also likely be the last gasoline Abarth models sold globally, too. The EV promise extends further than just Abarth models, though. Fiat previously said it would become an EV-only brand by 2030, but the transition was laid out with greater specificity today. By 2024, every model line in FiatÂ’s lineup will have a full-BEV option. Fiat doesnÂ’t have a massive lineup, but it means the company will need to electrify models beyond the new 500 that is already electric. Lastly, Fiat promises that all of its commercial vehicles will offer an electric option starting in 2022, and the company is counting fuel cell vehicles as part of this lineup. The commitment to go all-EV by 2030 still stands, though Fiat now says it could get there any time between 2025-2030. Fiat says the switchover will be made whenever it can sell EVs for the same price as their combustion engine equivalents, as it wants to keep costs in a place where your typical Fiat owner can still buy its vehicles. Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.