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Autoblog Minute: Marchionne seems prepared to lead FCA in takeover of GM

FCA CEO Sergio Marchionne wants industry consolidation but without any deal takers it seems as though he's ready to consider a hostile takeover. Autoblog's Chris McGraw reports on this edition of Autoblog Minute with commentary from Autoblog editor-in-chief Mike Austin. Show full video transcript text [00:00:00] It's no secret that FCA CEO Sergio Marchionne wants industry consolidation but without any deal takers it seems as though he's ready to consider a hostile takeover. I'm Chris McGraw and this is your Autoblog Minute. Marchionne is tired of waiting for the industry to get on board with his consolidation plan. In an interview with Automotive News Marchionne was quoted as saying, "it would be unconscionable not to force a partner." And when pushed further about the nature of any potential takeover plan the FCA chief had this to say: "Not hostile. There are varying degrees of hugs. I can hug you nicely, I can hug you tightly, I can hug you like a bear, I can really hug you. Everything starts with physical contact. Then it can degrade, but it starts with physical contact." Metaphor aside, Marchionne suggests his numbers for a GM-FCA merger are irrefutable, pointing to potential global earnings of a 30 billion dollars. Without a merger deal on the horizon we have to wonder if an FCA takeover of GM even possible. For more we go to Autoblog's Mike Austin: [Mike Austin Interview] Marchionne says GM won't take his phone calls, and while he admits a merger with GM would be a hard road to haul it's one he's still determined to travel. We'll continue to monitor the story as it develops. For Autoblog, I'm Chris McGraw. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. UAW/Unions Chrysler Fiat GM Autoblog Minute Videos Original Video

2024 Fiat 500e First Drive Review: Reborn EV packs style, plays music out its bumper

MIAMI – It's been hard times for Fiat fans. The brand discontinued its 500 model line after 2019, leaving only the four-door crossover-ized 500X on sale, and while it planned to introduce the replacement for its 500e electric city car around that time, a little pandemic threw a wrench in the works. Now, in 2024, the folks from Turin are finally ready to let Americans taste the Dolce Vita offered by that new 500e. Has the wait been worth it? I went to Miami to find out. As you'd expect, the 2024 Fiat 500e is once again a fully electric city car. Unlike its predecessor (2013-2019), this 500e feels like a more complete EV package than a "compliance car" meant to satisfy regulations in states like California. The "New Fiat 500" has been on sale in Europe since 2020, so while this is a new model for the United States, it's by now a well-established platform. Like the old 500e, the 2024 500e features a front-wheel-drive layout, with a permanent magnet motor providing a whopping 117 horsepower and 162 pound-feet of torque. That motor is paired with a 42-kilowatt-hour battery (around 38 of which is usable, per Fiat engineers) for an EPA-estimated range of 141 with all-season tires. That doesn't sound like a lot – and it isn't – but this isn't a vehicle designed for long road trips or super-commuters. Fiat claims a 0-60 time of 8.5 seconds and a top speed of 94 mph, but I suspect that driving at that speed would be trouser-browningly sketchy. Not that the 500e feels unstable around town (Fiat didn't include any highway driving during my brief stint with the car). It offers the kind of quick, accurate steering and subcompact agility that made the original 500e so much more fun to drive than it needed to be. The steering is light but not overly so and offers a very tight turning circle of just 31.5 feet, making the "Oh wait, there's a parking spot! Get it!" maneuver much easier than it would be in a larger vehicle. While the steering is awesome, the 500e's ride isn't as pleasant. It's not unladen-full-size-truck brutal by any means, but calling it busy over broken city streets feels like a charitable way of putting it. This isn't an expensive car with sophisticated suspension, and, again, given its intended use case, I wouldn't count the ride as a huge point against it. One of the biggest leaps forward from the old 500e to this new version is the addition of DC fast charging capability.

GM, Ford and Fiat Chrysler set target date for restarting production

The parking lot stands empty at Fiat Chrysler's sprawling Belvidere, Ill., assembly plant. / Getty Images   General Motors, Ford and Fiat Chrysler Automobiles are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to the coronavirus outbreak, the Wall Street Journal reported. Executives from the companies in recent days tentatively settled on the timeline following talks with United Auto Workers (UAW) leaders and Michigan Gov. Gretchen Whitmer's office, the Journal said on Monday, citing people familiar with the plans. The head of the UAW union last week warned it was "too soon and too risky" to reopen auto plants and Michigan's economy in early May, citing risks to workers. The companies are working with the union on drawing up safety protocols for reducing exposure risk for workers, but haven't finalized those terms yet, according to the WSJ report. GM, Ford, Fiat Chrysler and UAW did not immediately respond to Reuters requests for comment.   Plants/Manufacturing Chrysler Fiat Ford GM coronavirus