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Fiat 695 Abarth 70th Anniversary is the most absurd and awesome Fiat 500 variant yet

Fiat recently told us it would be discontinuing the Fiat 500 hatchback and convertible in America, but Europe still enjoys small cars. There, Fiat just took the wraps off the nuttiest and most shocking 500 variant of all, the 695 70th Anniversary edition. Although we won’t be getting it in America, we can't help but gawk at that spoiler. Look at it! Abarth went all out with this manually adjustable spoiler, naming it “Spoiler ad Assetto Variabile.” There are 12 different settings, varying from 0 degrees to 60 degrees in full attack. Fiat says its highest downforce setting provides 92.6 pounds of downforce at 124 mph. Testing was done in an Italian wind tunnel, ensuring the wingÂ’s functionality. It also says “Abarth” on it in big lettering, making it even cooler. The Fiat 695 Abarth is a tribute to the 70th anniversary of Abarth, which was founded in 1949 by Carlo Abarth. Only 1,949 will be made, and itÂ’s more than just the wing that sets it apart. All of the anniversary cars will get a full body kit, contrasting with the main paint color. A checkered roof and Abarth Scorpion stickers will also set it apart from other 500s. Additionally, Fiat is equipping all of them with the vocal Record Monza exhaust, a limited-slip differential, bright-red Brembo brake calipers and special 17-inch alloy wheels.  On the interior, folks will get “Sabelt Tricolor” seats only meant for this special edition car — theyÂ’re black, but they have the Italian flag colors on the headrest. Power remains the same as a regular 695 Abarth, putting out 180 horsepower and 185 pound-feet of torque from the 1.4-liter turbocharged four-cylinder. YouÂ’ll be able to hit 62 mph in 6.7 seconds with this Abarth and a top speed of 139.8 mph.

Maserati confirms Levante SUV for 2015, Alfieri for 2016

The Maserati share of the big Fiat Chrysler event today was expected to be something of a snooze, at least relative to the very busy Chrysler, Dodge, Jeep and Alfa Romeo portions. But the truth is there was plenty to pay attention to where the premium Italian brand was concerned. After all, moving from its 15,400 unit sales in 2013 to a target of 75,000 global sales in 2018 is going to take some doing.
One piece of big news is a shakeup in the existing ranks. 2014 will mark the final year of production for the GranTurismo (and its soft-top counterpart), meaning Maserati will be limited to just its Quattroporte and Ghibli sedans until the Levante SUV arrives in 2015, confirming previous reports. The first SUV to wear the trident, the Levante will only be available with all-wheel drive, but it will boast a Porsche Macan-smiting pair of V6s, with 350 and 425 horsepower, respectively.
Things get back to normal in 2016, as Maserati resumes sports car production with a road-going version of the Alfieri Concept from the 2014 Geneva Motor Show. Again, this is confirmation of a previous report. That car will be joined by a convertible variant in 2017. It seems like Maser is taking aim at, well, everything with the Alfieri, offering a 410-hp, V6-powered variant that dispatches its power to the rear wheels, to go along with 450- and 520-hp versions of the Alfieri's V6 that will only get their power to the road through an all-wheel-drive system.

Ram and Jeep Wrangler drive Fiat Chrysler profits up 61 percent

MILAN — Italian American automaker Fiat Chrysler says fourth-quarter net profits rose by 61 percent, powered by North American sales of the all-new Ram 1500 and Jeep Wrangler. Fiat Chrysler Automobiles on Thursday reported quarterly net profits of 1.29 billion euros ($1.46 billion), compared with 804 million euros in 2017. Revenues rose 6 percent to 30.6 billion euros. North America profits grew by 19 percent to 6.2 billion euros, accounting for the lion's share of the automaker's global profits. The carmaker continued to have trouble in Asia, which swung to a loss due to market weakness in China and more competition in Fiat Chrysler's core SUV market. Europe also lost ground, with profits dipping 44 percent on lower shipments and weaker pricing, while Latin America more than doubled. Based on the company's earnings last year, 44,000 unionized U.S. auto workers will get $6,000 profit-sharing checks. That's $500 more than in 2017, but smaller than U.S. rivals Ford and General Motors. On Wednesday, GM announced that workers would get $10,750, while Ford workers will get $7,600.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.