2012 Fiat 500 Rebuildable No Frame Damage 31,279 Miles on 2040-cars

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This airship-engined 1905 Fiat has 3,000 lb-ft of torque

Mike Vardy's 1905 Fiat may be over a hundred years old, but it can hit 127 miles per hour thanks to a massive Isotta Fraschini engine from a World War I airship. It makes just 250 horsepower, but Vardy figures it has 3,000 pound-feet of torque. With such a prodigious amount of twist, this beast can spin the skinny rear tires with absolutely no problem. Vardy claims that a set of rubber can last him just 6 minutes, although it's hard to tell if he's joking. Vardy doesn't baby this massive Fiat, though. Watch the video to see him hanging the tail out and smoking those flimsy tires.

Free crypto! Fiat to reward New 500 drivers for eco-friendly motoring

While Mother Nature may thank you for environmentally friendly motoring, Fiat will pay you. That is, they will if you drive a new 500, the brand's EV minicar, which is gone from the U.S. market but has been updated and re-introduced as a pure-electric model in Europe. Fiat is teaming up with Kiri Technologies, described as a green-tech startup, for the program, which is called e-Mobility by Stellantis. The Fiat app tracks driver behavior, such as speed and distance, and uploads the information to the Kiri cloud. Kiri (the name comes from a tree that has an unusually voracious appetite for CO2) then converts that data into a score, and rewards drivers based on that score. The rewards come in the form of cryptocurrency. Not Bitcoin, unfortunately (though BTC's mining may or may not be environmentally problematic depending upon whom you ask), but KiriCoin. One KiriCoin is worth 2 Euro cents but. Drivers track the KiriCoin earnings and total via the Fiat app. Fiat says drivers can expect to earn about 1 KiriCoin per kilometer. The earnings can be spent in "a proprietary marketplace" (which makes Kiri sound more like a points program than an open-market cryptocurrency with wildly fluctuating values). Drivers who achieve the highest scores also may receive bonus offers from major retailers such as Amazon, Apple and Netflix. Factor out the flakiness of a startup cryptocurrency, and the idea of rewarding drivers for eco-conscious behavior has some merit. Of course, it raises privacy concerns — much like auto-insurance data trackers that monitor driver behavior with the promise of a potential discount on rates — but it could be a useful incentive on a strictly opt-in basis. With the base price of a Fiat New 500 approximately $42,000, drivers aren't going to put much of a dent in their monthly car payment with this program, but it never feels bad to earn a few perks along the way. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Fiat Chrysler agrees to new $3.8 billion credit facility with banks

MILAN — Fiat Chrysler said on Thursday it has agreed a new credit facility with two banks, at a time when major carmakers are having to shut down plants, losing revenue as demand slumps in the wake of the coronavirus. Most of FCA's plants around the world are currently shut in response to the virus emergency. Italian investment firm Exor, which controls FCA, said on Wednesday that the temporary closures might continue and increase depending on how the coronavirus outbreak develops. FCA said the credit facility would be available "for general corporate purposes and for working capital needs" of the group and that it was structured as a "bridge facility" to support its access to capital markets. "This transaction confirms the continued strong support of FCA's international key relationship banks in the current extraordinary circumstances," the automaker said in a statement, without making any explicit link between the new facility and the impact the virus is having on the global economy. The facility can be drawn in a single tranche of 3.5 billion euros ($3.8 billion), with an initial 12-month term which can be extended for further six months. It adds to existing credit facilities worth 7.7 billion euros, including lines for 1.5 billion euros that the company has started to draw down, FCA said. FCA is in merger talks with Peugeot owner PSA to create the world's fourth biggest carmaker. The deal is expected to be finalized by the first quarter of next year. Equita's analyst Martino De Ambroggi said that, based on his new assumption of a 10% drop of global auto market this year, the crisis triggered by the coronavirus would impact the merged automaker's free cash flow by over 5 billion euros. Earlier this week, General Motors announced it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak. And last week, rival Ford abandoned its 2020 forecast and said it was drawing down $15.4 billion from two credit facilities to bolster its balance sheet. Related Video: