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Chrysler stays IPO until 2014

There will not be a Chrysler IPO in 2013. Fiat, according to a report from Forbes, has announced that it will not be able to make the American brand's initial public offering before the end of the year, saying that the short, five-week window that makes up the rest of 2013 is "not practicable."
Not surprisingly, the issue with the Chrysler IPO is the same as it's always been - a disagreement between parent company Fiat, which owns 58.5 percent of the Chrysler Group and a UAW healthcare trust, which owns 41.5 percent. Fiat wants to buy out the UAW VEBA healthcare trust, which is responsible for shouldering retiree healthcare costs, but the two sides are hung up on an actual price tag for the remaining two-fifths of the company.
The original idea saw an IPO as a way of setting a fair market price for the remaining shares, although it's not entirely clear what broke down and led to a delay of the IPO plan. As Forbes points out, by waiting until 2014, Chrysler could be risking a cool-off in the IPO market, which could mean less money in its pocket when the automaker finally goes public.

Germany says Fiat Chrysler also cheats on diesel emissions

In May, Germany threatened to ban Fiat Chrysler vehicles because they supposedly had diesel emissions cheat devices. The guilty vehicle at the time was a Fiat 500X. Since then, Italian regulators looked into the issue and said they found no such device. But Germany didn't back down, and filed papers today with the European Commission (EC) and the Italian Transport Ministry saying, again, that there were questionable emissions results in four FCA vehicles. According to Reuters, the Germany's new tests proved there was an, "illegal use of a device to switch off exhaust treatment systems" in the four FCA vehicles. According to Der Spiegel, the four vehicles in the latest batch of offenders are the two new 500Xs, a Fiat Doblo, and a Jeep Renegade. Alexander Dobrindt, Germany's Federal Minister of Transport, noted the vehicles in the letter to the EC, which also said that the EC should communicate with Italian regulators as the next step. Related Video: News Source: Reuters, Der SpiegelImage Credit: GIUSEPPE CACACE/AFP/Getty Images Government/Legal Green Chrysler Fiat Diesel Vehicles vw diesel scandal FCA diesel scandal

We like the Fiat 500X despite the faults | Long-term Update

"Personality goes a long way," according to Jules Winnfield in Pulp Fiction. And while Samuel L. Jackson's character was talking about the merits of dogs over pigs, the same maxim applies to cars. Such is the case with our long-term 500X. It continues to charm us, despite the faults. Yes, this car has faults. One being the nine-speed transmission, which is a lot like a Where's Waldo book: it's sometimes fun, usually confusing, and ultimately takes too much time. And the center infotainment screen is slow to boot up. We also noticed some excessive noise from our winter tires, which isn't necessarily the fault of the 500X but, hey, this is the paragraph about gripes. But 500X related stories in the Autoblog office follows a consistent pattern: "This one thing, man it's bad, but I still like the car. Take X, for instance." And X has a lot of possible options: quick-warming heated front seats and steering wheel, the upright driving position, the general layout of the interior, and the bright saddle-leather seats in our tester. View 34 Photos And therein lies why we still like out Fiat. It's just kind of a happy car. It cover the basics well enough - spacious interior, versatile cargo interior, comfortable seats, and makes up for the rest with general good cheer. There are better cars than the 500X, but there are also better, more boring cars than the 500X. Picking between the two, we'd prefer the flawed Fiat to a boring alternative.