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Interested, then not: Marchionne not 'chasing' a VW merger

Update (March 15, 2017) : Automotive News reports that FCA CEO Sergio Marchionne, regarding the suggested VW and FCA merger, said in a press conference "I have no interest." He also said that he "will not call Matthias," the CEO of VW. He did add that he would be willing to entertain anything VW brings up, but he has "no intention of chasing him." Despite this, Marchionne still took a moment to reinforce his favorable stance concerning mergers and consolidation. Last week, Volkswagen's CEO Matthias Mueller effectively shut down Fiat Chrysler CEO Sergio Marchionne's idea of the two automakers merging. However, it seems Mueller has softened, if only just, to the idea. According to Reuters, the CEO said in a press conference he is "not ruling out a conversation." However, he did say that he would like Marchionne to discuss with him directly the possibility rather than to the media. Though this statement certainly doesn't mean such a merger is happening, it's far more open than when he said outright the company isn't in any talks with anyone at the moment. His new stance also indicates that there may be people (lawyers, accountants, etc.) behind the scenes working out possible ways a merger could work. And even though this new development makes the prospect of a merger between the two companies a bit less bleak, it's still a long way from the "will they, won't they" relationship between GM and FCA. FCA's pursuit of GM involved emailing CEO Mary Barra and the threats of a hostile takeover, the latter of which resulted in some awkward statements about hugs. Only time will tell if VW becomes open enough for Marchionne to talk about hugs again. Related Video:

Sergio rethinks FCA-GM merger idea, dismisses critics

After many public overtures, Fiat Chrysler Automotive CEO Sergio Marchionne has claimed his company won't be making a hostile takeover bid for General Motors. This is despite widespread speculation that FCA's desire to merge was motivated by its allegedly dire situation. As one unnamed GM exec who spoke to Automotive News earlier this year put it, "Why should [GM] bail out FCA?" "We are not choking. We are in relatively decent shape," Marchionne told journalists attending an FCA shareholder meeting in Amsterdam, AN reports. "We have been publicly rebuffed, we have been rejected and you cannot force these things. I don't want to. At the moment, we have no intention to do anything hostile." Instead of focusing on merging with GM, or any other partners for that matter, FCA will refocus on implementing its ambitious five-year investment plan, which would see it dump $52 billion into its various brands, with a particular focus on Alfa Romeo, Maserati, and Jeep. So far the attempt has largely been unsuccessful, especially as it relates to the Italian brands. Earlier this week, additional reports emerged that claimed Alfa was pushing back the Giulia and an unnamed CUV while reassigning resources to updated versions of the Giulietta and MiTo hatchbacks. This is not the first time we've heard about trouble for the Giulia, of course. For Masearti, though, it was the first we'd heard of delays for Alfieri sports car, which allegedly won't appear in 2016, as promised. We can expect a proper breakdown of FCA's adjusted plans when Marchionne and Company reveal an updated product slate next month. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience. News Source: Automotive News - sub. req.Image Credit: Paul Sancya / AP Alfa Romeo Chrysler Fiat GM Jeep Maserati Sergio Marchionne FCA

2023 Fiat Topolino unveiled as tiny, city-only electric runabout

Fiat took a trip to the heritage well to launch its own version of the quirky Citroen Ami unveiled in 2020. Called Topolino, the electric two-seater (it's not legally considered a car) shares its basic proportions with its French sibling but features a retro-inspired exterior design. The name wasn't chosen randomly: Topolino (which means "little mouse" in Italian) was the nickname given to the original 500 built between 1936 and 1955. The first-generation model's contribution to the project stops there. Designers instead drew inspiration from the second-generation 500 to differentiate the modern-day Topolino from the Citroen-branded model, and we'd argue the front end is even more retro than the new 500's. It's characterized by a pair of small, round lights, smaller turn signals, and a piece of trim shaped like a metal bumper. Thick ropes replace the doors while creating a visual link between the Topolino and the beach-friendly 500 Jolly and 600 Jolly built by Ghia, among other coachbuilders, from the 1950s to the 1970s. Fiat hasn't released photos of the back end yet, and it's keeping the interior under wraps for the time being. The seats look a lot like the Ami's, however, and we're expecting most of the interior changes will be trim-related. Similarly, the Italian brand isn't ready to publish technical specifications. For context, the 1,070-pound Ami measures 95 inches long, 55 inches wide, and 60 inches tall; it fits in the back of a Ford F-250 Super Duty equipped with the longer of the two available cargo boxes. Power comes from an electric motor that draws electricity from a 5.5-kilowatt-hour lithium-ion battery pack to make eight horsepower. Driving range checks in at about 45 miles, which underlines the model's positioning as a low-speed, city-only vehicle, and if you keep your foot down you'll eventually reach a top speed of 27.9 mph. These riding mower-like specifications place the Topolino in the quadricycle segment. Built in Morocco, the Fiat Topolino will go on sale in select markets in the coming months. Pricing hasn't been announced but it's of little interest to us, because nothing suggests this tiny EV will receive clearance to travel to the United States. Across the pond, it's reasonable to assume pricing will start in the vicinity of ˆ10,000 (about $10,700). Keep an eye out for it the next time you're on a Mediterranean island. Related video: This content is hosted by a third party. To view it, please update your privacy preferences.