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Marchionne says electric Maserati may debut by 2019

Ask Sergio Marchionne's opinion on the prospects of making a profit on producing electric-vehicle versions of Fiats or Chryslers, and he's likely to shoot the concept down. Bring that price point up into Maserati range, though? That apparently may be in the works, according to Bloomberg News. The famously EV-averse Marchionne says the company may start work on an electric vehicle for its hoped-for Maserati Alfieri model. Additionally, a hybrid version of the Maserati Levante SUV may also be developed during the next few years. The EV may be available by 2019, while the hybrid may start sales shortly thereafter. Meanwhile, Fiat may also be working on an electric city car, which would be its first in Europe. The key, of course, is the price point. The Maserati brand means that a new EV may be a legitimate competitor to Tesla Motors because such a badge could approach the $100,000 threshold where the Tesla competes. Marchionne has long professed that it's nearly impossible to make money on electric vehicles. Earlier this month, Marchionne, speaking with UK's Car magazine, suggested that Tesla Motors is the best example of this theory, because, for all the demand for and growth of the California-based company, Tesla has never made an annual profit. And while the Fiat 500e electric vehicle has been feted for its style and performance, Marchionne has always insisted that the model was produced strictly to comply with California's zero-emissions policy, and that the company loses about $10,000 on each 500e it sells. Related Video: Green Chrysler Fiat Electric Sergio Marchionne

Fiat Chrysler Australia executive in trouble over misuse of company funds

While the merger to create FCA was coming together, its managing director for Australia, Clyde Campbell, was allegedly racking up 30 million Australian dollars ($23.1 million) in spending for himself, family, and friends. Now, the former boss is facing a court case from the automaker's legal team for the purported misappropriation. Among the more opulent expenses that Campbell allegedly put on Chrysler's tab included a 40-foot yacht worth the equivalent of $308,000 and lavish Christmas parties for workers, according to The Age. Despite being required to only travel in economy class and get permission for international travel, he also reportedly racked up the equivalent of over $413,000 travel expenses. "The more we dug, the more we found," said an unnamed source to The Age. Campbell came to power in Australia as a general manager for DaimlerChrysler, and became managing director in October 2010. He was reportedly a close friend with former Mercedes-Benz USA CEO Ernst Lieb. After Lieb lost his wrongful dismissal lawsuit, Campbell allegedly helped his friend's partnership in an Aussie auto dealer by using FCA funds for financial support totaling the equivalent of about $3 million. All of this came to light when Pat Dougherty came over from the US to be president and CEO of FCA Australia in December 2014. The staff spilled the full story on Dougherty's first day. "I walked into his office and let it all out. I don't think he knew what hit him," another source said to The Age. A team of forensic accountants was brought in to investigate. The reason that this took so long to discover was that no one was paying attention. First, sales in Australia were growing under Campbell. Also, "in my opinion, back in Michigan, head office didn't have its eyes on the road. They only had eyes on the Fiat deal," an insider said to The Age. That confluence essentially provided the perfect storm for this huge spending. News Source: The AgeImage Credit: Giuseppe Cacace / AFP / Getty Images Government/Legal Chrysler Fiat lawsuit FCA

Junkyard Gem: 1979 Fiat Brava Sedan

Ever since I started spending too much time crawling around in junkyards, about 40 years ago, one thing has been constant: a steady supply of Fiat 124 Sport Spiders and X1/9s scattered among the dullsville econoboxes. These cars were shinier in the early 1980s, but they remain just about as easy to find today in your local Ewe Pullet. Of course, the current generation of Fiat 500 has been with us for a decade and so the days of shiny junkyard Fiats have returned for us. But what about the other Fiat models sold here prior to the company's departure from our shores in 1982? I've found the occasional discarded 128 and even a couple of 850s, but the rear-wheel-drive Fiat sedans of the 1970s and 1980s have become all but extinct. I'm not expecting to find a junkyard 130, ever, but this year I have managed to spot a pair of 131s (which were badged as Bravas during their last couple of years in North America). Here's one of those cars, now residing in a Denver yard. Unusually in the case of a Junkyard Gem, I know something about this Brava's history. Back in 2019, the owner of a beloved Fiat repair shop passed away and all 75 Fiats (plus some Alfa Romeos and Lancias) in the shop's storage yard went up for auction, cheap. I did my best to spread the word about these cars, and some got rescued. You can see our subject in this photo above, awaiting its new home. It had a lot of surface rust from sitting outside for decades, but not a lot of genuinely alarming corrosion. Along with a white '79 Brava sedan nearby, it was purchased for a couple of hundred bucks— at most— and towed out of there. Perhaps the buyer or buyers of those two Bravas planned to flip them for a profit, or maybe the intent was to fix them up and drive them. Two years later, both are parked in the same boneyard just north of downtown Denver. I'm guessing that everybody in Front Range Colorado who wanted an old Fiat sedan already has a half-dozen, and the 20-hour tow to places like Chicago or San Francisco is just too daunting for Fiat fanatics in those places to come here and buy a car. The 131/Brava could be bought new in the United States from the 1976 through 1981 model years. In 1979, the list price of a carbureted Brava sedan was $7,583 (about $30,860 in 2021 dollars). That was a lot cheaper than its similarly-sized BMW 320i rival, which cost $11,810, though the plusher and more powerful $8,129 Datsun 810 sedan must have stolen some sales from both types that year.