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Fiat Chrysler Automobiles targets mid-October IPO

The merged Fiat Chrysler Automobiles is targeting October 13 to launch its initial public offering on the New York Stock Exchange, CEO Sergio Marchionne told reporters assembled for a meeting in Rimini, Italy.
"The most likely date for the listing in the US is October 13," Marchionne said, according to Reuters.
Marchionne is trusting that the money made in the IPO will be contribute heavily his ambitious, $64-billion five-year growth plan, which will see FCA reboot Alfa Romeo and Maserati and expand Jeep's global presence. Should the IPO fall short, though, Marchionne has confirmed that "all decision [sic] on any capital increase will be taken by the board of FCA at the end of October."

Marchionne impressed by 'that kid' Elon Musk

FCA boss Sergio Marchionne has a reputation as an incredibly canny businessman. Some examples of his acumen include finishing Fiat's takeover of Chrysler from a beachside home and winning a challenge with Luca di Montezemolo for the reins of Ferrari. The Italian exec recently took a trip to California and lavished praise on Elon Musk after a meeting with the Tesla CEO. Although, the compliment did come off as a little patronizing. "I'm incredibly impressed with what that kid has done," Marchionne said to Reuters about his conversation with Musk. Unfortunately, the FCA exec didn't go into detail about what he and Tesla boss discussed. Although, calling the 43-year-old billionaire a "kid" does seem a little rude, especially given Musk's success with Paypal, in the auto industry and at SpaceX. While in the Golden State, Marchionne also had a talk with Apple CEO Tim Cook. Although, he was similarly cagey about what the men discussed. "He's interested in Apple's intervention in the car, that's his role," Marchionne said to Reuters about the conversation without divulging more. The two companies already have some small links thanks to Ferrari's use of the tech giant's products. As one additional highlight for Marchionne's California trip, he took a ride in the Google autonomous car. News Source: ReutersImage Credit: Paul Sancya / AP Photo Green Chrysler Fiat Tesla Green Culture Technology Emerging Technologies Autonomous Vehicles Electric Sergio Marchionne FCA

This sweet Fiat 500 Lego kit could be a reality if it gets enough support

Lego has been on a roll the last couple years with kits for automotive gearheads, and there's no end in sight. The company just released a sweet VW Beetle kit and will soon launch a Caterham kit. That's no reason not to ask for more though, so we encourage you to support this Fiat 500 project. The project is on the Lego Ideas website, where people can upload projects to share with other builders. The website also lets people support their favorite projects, and with enough votes, the kit will officially be considered for production. In fact, that's what happened with the aforementioned Caterham kit. Why support this Fiat project, though? Well, just look at it. The quality is excellent, which is evident by how well the compact and curvy lines of the little Italian are captured in the blocky medium. It also has all the details consistent with Lego's most recent kits such as badge and license plate stickers, a comprehensive interior with pedals and tilting seats, opening doors, and a tiny brick version of the two-cylinder engine. The creator, who interestingly goes by the name saabfan, also added special touches like a removable luggage rack and a sunroof that can be opened up. And wouldn't the Fiat 500 be an excellent complement to Lego's Beetle and Mini Cooper kits? Even if this project receives enough support, it's no guarantee that it will make it to production. Licensing would be a big road block to a retail release, but it's not impossible. So check out the video above to see some of the great details, and head over to the project page to vote for it. Related Video: News Source: saabfan / Lego IdeasImage Credit: Gabrele Zannotti Toys/Games Fiat Hatchback Videos Lego cinquecento lego ideas