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Chrysler IPO to be filed as early as this week

An initial public offering for the Chrysler Group could happen this week, following Sergio Marchionne's comments to Financial Times in London, according to a report from The Detroit News. Fiat, which owns 58.5 percent of Chrysler, has been in a battle with the UAW retiree healthcare trust over its minority stake in the company. While the automotive union recognizes its role as a temporary shareholder, the two couldn't come to an agreement on how the shares should be priced.
As Marchionne explained to FT, a Chrysler IPO allows the market, rather than the two competing sides, to determine the value of the shares. The public offering is a risky move, which could potentially hang one side out to dry - if the shares go high, it's bad news for Fiat, but if they go low, the UAW stands to lose. Regardless of where the stock prices go in an IPO, though, it's a move that's being supported by analysts, who are quick to cite Chrysler's near-constant growth and a product lineup that is getting healthier with each new introduction.

Fiat 500L gets a much needed update for 2018

The Fiat 500L is one of those love-it or hate-it vehicles. Fiat's largest US vehicle has been knocked for questionable styling, poor build quality, and reliability concerns. That's why the new mid-cycle refresh is so important, as the Fiat says 40-percent of the components on the 500L are all new. Styling is much more aggressive, and a new trim level promises some semblance of off-road readiness. The 500L still keeps the general not-quite-a crossover shape, but the front and rear fascias have been redone. The front is more upright, losing that slack-jawed look of the current model. The lower air intake and foglight surrounds are big and wide, with contrasting chrome and black plastic. The lighting is similar to the current model but has been updated with LED accents. Of course, the requisite Fiat badge and mustache are in place. It's a similar story out back. The 500L retains the same general shape, but it's a little more masculine and angular. There are new chrome accents on the bottom of the bumper along with new reverse and rear foglights (for Europe). There are 10 colors available for the 500L, with three options for the roof: body color, gloss black or white, or matte black. All in, Fiat says there are 37 color combinations. Like the exterior, changes to the interior are more refreshed than all-new. Up front, the biggest changes are to the steering wheel, instrument cluster and infotainment system. A speedometer and tachometer flank a 3.5-inch color display. Like the Fiat 500X, the 500L will have a multitude of menus and options to flip through. The infotainment has been updated with the latest version of FCA's excellent UConnect system. That means standard Apple CarPlay and Android Auto. For Europe, there are three basic configurations: the five-passenger Cross, and optional seven-passenger Wagon, and Urban. There are various trim levels within each configuration, though the long-wheelbase seven-passenger versions are unlikely to make it to the US market. The big news is the Cross, which gets a 25mm lift, skid plates, unique front and rear bumpers, and new wheels and tires. While there are new drive modes, Fiat doesn't make any mention of all-wheel drive. Customers with the need can step up to the smaller but more traditional 500X. The 500L has been a slow seller here in the US. It's unclear when the new model will go on sale, but it's good to see Fiat breathing some life into a slim product line.

Is this 1983 Fiat Spider EV conversion worth Porsche 911 GTS money?

$140,000 can buy a lot of car. Nothing about Fiat Spiders built in the 1980s would be described as "a lot," unless you're referring to the quantity of maintenance that is sometimes required just to keep them on the road. In that context, this eBay find, a 1983 Pininfarina Spider America EV conversion, might be a bit of a two-for-one. Not only do you get a lot more power, but you might even get a lot more reliability.  Sure, you could score a brand-new Porsche 911 Carrera GTS for the price of this humble Italian roadster, but the fine folks of Roadster Salon think they might be able to make it worth your while.  This conversion retains the stock five-speed manual transmission, but mates it to a dual-motor electric drive unit that produces an unspecified amount of horsepower and more than 200 pound-feet of torque. Admittedly, those numbers don't really stack up nicely against the brand-new Porsche's, but, hey, at least it's a manual? The power unit itself is supplied by Electric GT, which has carved out a niche for itself developing electric "crate motors" that are as close to plug-and-play as possible, which should be a point in favor of this conversion's overall build quality, as custom fabrication would have been kept to a minimum.  Roadster Salon will also go over the suspension and steering components, updating them to modern standards (and ostensibly to support the extra power from the EV conversion), so you're getting more for your money than just some electron-pumping spinny bits.  So, it's much fancier than your run-of-the-mill 1980s Fiat Spider; you just have to spend a lot more money for the privilege. Like, an astronomical amount. Oh, and the car hasn't actually been built yet; what you're bidding for is a build slot in a forthcoming 2020-21 production allocation.  If you desperately want your own Fiat Pininfarina Spider America EV but can't stomach the $139,995 price tag, we have great news. Roadster Salon will sell you an "EV Junior" variant, which retails for just $89,995 — a bargain! Alternatively, you can wait for Electric GT to finalize its crate Fiat crate EV motors for mass production and just slap one together yourself. How hard can it be?