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Fiat Chrysler completes sale of Magneti Marelli

Fiat Chrysler Automobiles completed its sale of components maker Magneti Marelli to CK Holdings Co., Ltd., the holding company of Calsonic Kansei Corporation. The Japanese parts supplier paid $6.5 billion (5.8 billion euros), which is a bit less than the $7.1 billion deal that was initially announced in October of 2018. According to Reuters, the price was adjusted based on Magneti Marelli's estimated financial position as of the closing date. The influx of cash allowed FCA to offer a special cash distribution to its shareholders for the first time in a decade. At ˆ1.30 per share, the payout corresponds to a total distribution of approximately ˆ2 billion. The dividend will pay out on May 30. "FCA remains committed to Magneti Marelli, with the new company continuing as a key supplier," FCA CEO Mike Manley said in a statement. "This sale also recognizes the full strategic value of Magneti Marelli, improving our financial position, delivering value to our shareholders and allowing us to enhance our focus on our core product portfolio." Earnings/Financials Chrysler Fiat magneti marelli

Facelifted 2019 Fiat 500X features new lights front and rear

Jeep has been testing an updated 2019 Jeep Renegade, so it should come as no surprise that its Fiat-badged cousin, the 500X, is also going to be refreshed for 2019. The new Fiat has finally been spotted, testing alongside the Jeep, and it's going to be a mild update. Most of the changes appear to be in the lights. Up front, the headlights and the fog lights appear to be sleeker. The main headlights have been slimmed down a bit. The fog lights have shrunk all around and have lost a little bit of the roundness of the current model. At the back, the taillights retain the same shape, but they have much more depth now. Instead of having a smooth round plastic housing, the lights are concave, starting with a red outer ring. Inside that is a clear ring that may be turn signals and/or reverse lights. Then, in the center, at the deepest level, is a light we're not totally able to identify. It does appear to have lights arranged in a plus shape. It may just be a basic taillight that stays on with the headlights. We expect the 500X to be revealed sometime this year. Considering how little is changed on the outside, we're not expecting any major changes to the powertrain, which includes either a turbocharged 1.4-liter four-cylinder or a naturally aspirated 2.4-liter four-cylinder. The former is currently only available with front-wheel drive and a six-speed manual, and the 2.4-liter engine is available with front- or all-wheel drive but only with a nine-speed automatic. Related Video: Featured Gallery 2019 Fiat 500X spy shots View 16 Photos Spy Photos Fiat Crossover SUV Economy Cars fiat 500x

Driving Civic and Elantra Hybrids, and big Ford Maverick updates | Autoblog Podcast #842

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Zac Palmer. They discuss the week in car news first, leading off with the updated 2025 Ford Maverick that adds a Lobo sport truck variant and an AWD hybrid. Next, they chat some Cadillac news with the reveal of the stunning Sollei convertible concept and the refreshed 2025 Escalade. After the news, the two focus on what they've been driving over the past couple of weeks. They start with the Fiat 500e, then move along to a comparison between the refreshed Hyundai Elantra Hybrid and totally-new Honda Civic Hybrid. Lastly, there's a discussion of the new Infiniti QX80 and the STI mods applied to our long-term Subaru WRX. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #842 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown News 2025 Ford Maverick Lobo 2025 Ford Maverick adds AWD hybrid version Cadillac Sollei revealed 2025 Cadillac Escalade refresh What we're driving 2024 Fiat 500e 2025 Honda Civic Hybrid 2024 Hyundai Elantra Hybrid 2025 Infiniti QX80 Long-Term 2023 Subaru WRX Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related Video:  Cadillac Sollei is an electric convertible concept This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.