2012 Fiat 500 Loaded on 2040-cars

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Fiat shareholders green-light Chrysler merger, end of an Italian era

Fiat has just taken a major step away from its Italian heritage, as shareholders officially approved the company's merger with Chrysler. That move will lead to the formation of Fiat Chrysler Automobiles NV, a Dutch company based in Great Britain and listed on the New York Stock Exchange, according to Automotive News Europe.
The company captured the two-thirds majority at a special shareholders meeting, although there are still a few situations that could defeat the movement. According to ANE, roughly eight percent of shareholders opposed the merger, which is a group large enough to defeat the plan, should they all exercise their exit rights outlined in the merger conditions.
Meanwhile, Fiat Chairman John Elkann (pictured above, right, with CEO Sergio Marchionne and Ferrari Chairman Luca Cordero di Montezemolo), the great-great-grandson of Fiat founder Giovanni Agnelli, reaffirmed his family's commitment to the company beyond the merger. Exor, the Agnelli family's holding company, still maintains a 30-percent stake in Fiat.

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.

Renault delays decision on merger with Fiat Chrysler

PARIS — Renault has delayed a decision on whether to merge with Fiat Chrysler Automobiles, a deal that could reshape the global auto industry as carmakers race to make electric and autonomous vehicles for the masses. The deal still looks likely, but faced new criticism Tuesday from Renault's leading union and questions from its Japanese alliance partner Nissan. The French government is also putting conditions on the deal, including job guarantees and an operational headquarters based in France. The French carmaker's board will meet again at the end of the day Wednesday to "continue to study with interest" last week's merger proposal from FCA, Renault said in a statement. A Renault board meeting Tuesday to study the deal was inconclusive. The company didn't explain why, but a French government official said board members don't want to rush into a deal and are seeking agreement on all parts of the potential merger. The official, who spoke on condition of anonymity in line with government policy, told The Associated Press the conditions outlined by France's finance minister still "need to be met." France and Italy are both painting themselves as winners in the deal, which could save both companies 5 billion euros ($5.6 billion) a year. But workers worry a merger could lead to job losses, and analysts warn it could bog down in the challenges of managing such a hulking company across multiple countries. And a possible loser is Japan's Nissan, whose once-mighty alliance with Renault and Mitsubishi is on the rocks since star CEO Carlos Ghosn's arrest in November. Nissan CEO Hiroto Saikawa cast doubt Tuesday on whether his company will be involved in a Renault-Fiat Chrysler merger — and suggested adding Fiat Chrysler to the looser Renault-Nissan-Mitsubishi alliance instead. Saikawa said in a statement that the Renault-Fiat Chrysler deal would "significantly alter" the structure of Nissan's longtime partnership with Renault, and Nissan would analyze its contractual relationships to protect the company's interests. If Renault's board says "yes" to Fiat Chrysler, that would open the way for a non-binding memorandum of understanding to start exclusive merger negotiations. The ensuing process — including consultations with unions, the French government, antitrust authorities and other regulators — would take about a year. A merger would create the world's third-biggest automaker, worth almost $40 billion and producing some 8.7 million vehicles a year.