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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

Maserati hand-painted tricolor stripe shows Italian pride — for a price

Italy has gone through a rough time with the coronavirus, but now the country is emerging from the worst of it and is experiencing a renewed sense of national pride. Rome's famous Colosseum is illuminated in the green, white and red of the Italian flag, and Maserati is getting into the spirit as well. The company is offering a narrow tri-color stripe in the same green-white-red on the hood and roof of new Maseratis. Waving the proverbial Italian flag with your Maserati doesn't come cheap, however. The option is $5,000, although we should point out that it is hand-painted. The stripe is available on a small number of 2020 model year Levantes and Ghiblis exclusively in conjunction with the Nero Ribelle (metallic black) body color. We're told the special stripe will be offered more widely as a special-order option for 2021, where it can also be paired with other body colors. Pricing for the 2021 model year has not been released. Related video:    

Submit your questions for Autoblog Podcast #329 LIVE!

We're set to record Autoblog Podcast #329 tonight, and you can drop us your questions and comments via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #329
Subcompact sales slump, yet again