1971 Fiat 500 Abarth - (restored Collector Series) on 2040-cars

Auto blog

Junkyard Gem: 2012 Fiat 500 Pop

FCA just announced that the Fiat 500 hatchback and convertible get the US-market axe after this year, not even a decade after the car reintroduced us to the Fiat marque. I've been seeing crashed 500s in big American wrecking yards for years now, but now some non-crunched examples are showing up on my junkyard journeys. I decided that I'd commemorate the rise and fall of the 500 by photographing this giallo 2012 500 Pop, found in Denver. According to an industry person who wishes to remain anonymous, Fiat was short on automatic-equipped 500s for 2012 (the first model year of North American sales), so a few hundred of the early Pop-trim-level cars got yellow or red paint and these black stripes and badging to help them move off the showroom floors despite their sales-killing third pedals. Soon after, the Fiat 500 Stinger appeared. I don't know why anyone wouldn't have preferred this car with the manual transmission, but reality dictates that little economy cars with three pedals can be virtually unsellable once they get some miles on the clock. This 500 has some body damage (that might have happened after it got to the junkyard) but looks pretty clean overall. Sold new in Colorado, will be crushed in Colorado seven years later. The Multi-Air four-banger in the '12 500 generated 101 horsepower, which wasn't much for a 2,500-pound car (by 21st-century standards). For commuting purposes, though, it was fine, and the 5-speed made it reasonably fun. Pop was the cheapest trim level for the 2012 500, so the interior didn't offer much snazz beyond the body-colored dash panels. Now that these cars have become so cheap, it's time to consider the most crazy-per-dollar junkyard engine swaps for them. Think a narrow-angle turbocharged V6 would fit in a 500? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The next wave of Italians has come to America … and they've come to party.

Fiat stock rockets up after word of Chrysler deal

Now that Fiat has finalized a deal to purchase the outstanding shares of Chrysler owned by the United Auto Workers' VEBA retiree heathcare fund without having to file for an IPO, you can count the Italian automaker's stockholders among the happy. The Detroit News reports that Fiat stock closed Thursday with a 12-percent gain for the day on the Borsa Italiana, having been up by as much as 15.8 percent during the day's trading, at prices not seen since mid-2011. One trader reasoned the run was because Fiat "paid less than the market had expected and there will be no capital increase to fund this."
But there are some who worry, including bank analysts and unions. The final price of the stake will be $4.35 billion - $1.9 billion in cash from Chrysler, $1.75 billion from Fiat and extraordinary dividends in the amount of $700 million paid over three years. Adding that sum to its ledger will raise Fiat's debt level to roughly 10 billion euros ($13.8 billion), which Citibank says will make it the most indebted OEM in Europe.
Italian unions are also concerned about what the deal means for the future. Fiat CEO Sergio Marchionne has had an at-times contentious relationship with both unions and the Italian government over the future of Italian manufacturing, a fact that makes headlines because Fiat is Italy's largest private employer. At least two left-leaning unions have publicly called on Fiat to give guarantees and to explain what the deal means for its Italian operations, while a centrist union argues this is "good news for Fiat workers, for the auto industry and for our country."

Fiat Chrysler denies rumors that Ferrari SpA is moving to London

It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt. "These rumors have no grounds," FCA said in a statement obtained by Reuters. "There is no intention to move the tax residence of Ferrari SpA outside Italy, nor is there any project to delocalize its Italian operations, which will continue to be subject to Italian tax jurisdiction." Ferrari's move to London was based on two beliefs. First, that the company would benefit from being located nearer the investor community, should it be listed on a European exchange. FCA, though, said a European listing was only a "possibility," according to Reuters. Instead, the company will be listed on an American market. Aside from the move to benefit investors, it was believed Ferrari was looking to relocate to escape Italy's more oppressive corporate tax rate, which sits around at 31.4 percent, compared to the UK's 20 percent, Bloomberg reports. This denial by Fiat Chrysler, though, should be enough to close the book on Ferrari leaving Italy, no matter how much sense it might make. Related Video: