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Fiat 500X scampers across the Alps

It's been a long time coming, but it's finally here. It's the new Fiat 500X: the rounder, somehow even more retro version of the Jeep Renegade. Joining an ever-expanding Cinquecento lineup alongside the 500, 500C and 500L, the new 500X is - to our eyes at least - the most handsome yet... better looking, at any rate, than the somewhat ungainly Mini Countryman. But despite its more fluid lines, the new 500X is barely any longer than the Renegade and only slightly less tall.
Taking the place of the previous Suzuki-based Sedici, Fiat will offer the new 500X in two versions (one more cosmopolitan, the other more rugged), with three transmissions, three traction systems and a whole mess of different engines. The list starts with a 1.4-liter turbo four with 140 horsepower and a 1.6-liter diesel with 120 hp, later to be joined by a 1.6-liter with 110 hp, a more powerful 1.4-liter turbo with 170 hp and finally the 2.4-liter Tigershark engine with 184 hp. Gearboxes will include 5- and 6-speed manuals and - in a Fiat first - a nine-speed automatic, driving the front wheels (with our without traction control) or all four.
Buyers will also be able to choose between 12 exterior colors, seven interior combinations and eight wheel designs ranging from 16 inches to 18, adding up to a long list of configurations to give the 500X the same kind of mass-customization options that have made its stablemate so successful. The 500X will be manufactured in Melfi, Italy, alongside its Jeep counterpart and will eventually reach over 100 markets around the world - including North America.

Fiat To Pay $3.65 Billion For Remaining Chrysler Shares

Italian automaker Fiat SpA announced Wednesday that it reached an agreement to acquire the remaining shares of Chrysler for $3.65 billion in payments to a union-controlled trust fund. Fiat already owns 58.5 percent of Chrysler's shares, with the remaining 41.5 percent held by a United Auto Workers union trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal. Chrysler will also make additional payments totaling $700 million to the fund as part of an agreement with the UAW. The deal is expected to close on or before Jan. 20, according to a statement from Chrysler. Sergio Marchionne, CEO of both Fiat and Chrysler, has long sought to acquire the union's shares in order to combine the two companies. "The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization," Marchionne said in a statement issued by Turin, Italy-based Fiat. The deal eliminates the need for an initial public offering of the union fund's stake, which analysts had previously valued at $5.6 billion. Fiat went to court last year seeking a judgment on the price, but the trial date was set for next September. Marchionne can't spend Chrysler's cash on Fiat's operations unless the companies merge. In recent months he made it clear that he preferred to settle the dispute without an IPO, but filed the paperwork for the offering in September at the trust's request. Chrysler's profits have helped prop up Fiat on the balance sheet as the Italian automaker struggles in a down European market. The Auburn Hills, Mich., automaker earned $464 million in the third quarter on U.S. sales of the Ram pickup and Jeep Grand Cherokee, its ninth-straight profitable quarter. The results boosted Fiat, which earned $260 million in the quarter. Without Chrysler's contribution, Fiat would have lost $340 million. UAW/Unions Chrysler Fiat

Fiat 695 Abarth 70th Anniversary is the most absurd and awesome Fiat 500 variant yet

Fiat recently told us it would be discontinuing the Fiat 500 hatchback and convertible in America, but Europe still enjoys small cars. There, Fiat just took the wraps off the nuttiest and most shocking 500 variant of all, the 695 70th Anniversary edition. Although we won’t be getting it in America, we can't help but gawk at that spoiler. Look at it! Abarth went all out with this manually adjustable spoiler, naming it “Spoiler ad Assetto Variabile.” There are 12 different settings, varying from 0 degrees to 60 degrees in full attack. Fiat says its highest downforce setting provides 92.6 pounds of downforce at 124 mph. Testing was done in an Italian wind tunnel, ensuring the wingÂ’s functionality. It also says “Abarth” on it in big lettering, making it even cooler. The Fiat 695 Abarth is a tribute to the 70th anniversary of Abarth, which was founded in 1949 by Carlo Abarth. Only 1,949 will be made, and itÂ’s more than just the wing that sets it apart. All of the anniversary cars will get a full body kit, contrasting with the main paint color. A checkered roof and Abarth Scorpion stickers will also set it apart from other 500s. Additionally, Fiat is equipping all of them with the vocal Record Monza exhaust, a limited-slip differential, bright-red Brembo brake calipers and special 17-inch alloy wheels.  On the interior, folks will get “Sabelt Tricolor” seats only meant for this special edition car — theyÂ’re black, but they have the Italian flag colors on the headrest. Power remains the same as a regular 695 Abarth, putting out 180 horsepower and 185 pound-feet of torque from the 1.4-liter turbocharged four-cylinder. YouÂ’ll be able to hit 62 mph in 6.7 seconds with this Abarth and a top speed of 139.8 mph.