2013 Fiat 500c Lounge on 2040-cars

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FCA compromises with France, moving Renault merger bid forward

FRANKFURT/PARIS – Renault directors were preparing to review Fiat Chrysler's $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault's board to approve a framework agreement beginning the long process of a full merger, unless new issues surface at the meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on CEO appointments. But after late-night talks with FCA Chairman John Elkann, the French government has accepted a compromise that would see it occupy one of four board seats allocated to Renault, balanced by four FCA appointees, the sources said. Renault would also cede one of its two seats on a four-member CEO nominations committee to the French state, they said. Renault, FCA and the French government all declined to comment on the discussions. The same evening that the compromise was was negotiated, activist hedge fund CIAM wrote to the board of Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler. Calling the deal "opportunistic," the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium. (Reporting by Arno Schuetze and Laurence Frost; additional reporting by Giulio Piovaccari in Milan and Simon Jessop; editing by Jason Neely and Rachel Armstrong) Government/Legal Chrysler Fiat Mitsubishi Nissan Renault merger

2022 Fiat 500X gets Yacht Club Capri special edition

Fifteen years ago, Fiat released a product roadmap identifying 10 new models to appear between 2007 and 2010 that would join seven extant models across Europe and the U.S. Today, Fiat's home market of Italy only sells five models, three of them versions of the 500, and the U.S. has just one, the 500X. As for that model, it sold 1,443 units here in 2020; based on the 980 sales through the end of September this year, Fiat won't even reach that abysmal mark. Yet the show must go on, so Fiat's got two touches of flair in store for the 2022 500X. Starting small, there will be an "Al-Fresco" retractable fabric roof available for all trims. To ensure the sprezzatura a 500X driver demands, the top can be had in four colors, three of them being black, gray, or red.  The last color, blue, is reserved for the bigger news: A new Yacht Club Capri trim, a special edition model that is also blue. The model is named for the island of Capri, not far from Naples, Italy, and the numerous yachts that stop in there. Based on the penultimate Sport trim, it comes awash in Venenzia blue paint and sits on 18-inch wheels with Venezia blue accents outside, and gets Yacht Club Capri badging. Inside, Ivory leather seats with blue piping face an instrument panel with a woodgrain insert and shift lever given a satin finish. In other markets this same model is known as the Yachting Collector's Edition and is also available on the two-door all-electric 500, the build allotment limited to 500 numbered units. Fiat didn't mention limited production for the U.S. Every 500X is powered by a 1.3-liter turbocharged four-cylinder with 177 horsepower and 210 pound-feet of torque sending power to all four wheels through a nine-speed automatic. Fiat hasn't officially released pricing, but based on information found on auto pricing sites, it appears the automaker could have a $680 price increase in mind. Fiat says the current four trims will carry over, Pop, Trekking, Sport, and Trekking Plus. According to the info we found, only three are priced so far. Tentative pricing for 2022, including the whopping $1,495 destination charge, is: Pop: $28,120 Trekking: $29,255 Sport: $30,110 Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

India's classic Premier Padmini taxi killed by emissions laws

As part of an eco-conscious measure to fight pollution in 2008, the government in Mumbai, Maharashtra, India, banned all taxis 25 years and older. In 2013, that was changed to 20 years old. With each ruling, thousands of Premier Padmini taxis, an iconic car that transported the people of Mubai for decades, have disappeared from the roads. At the end of 2019, it was estimated that about 50 late-year Padminis were still driving, and in 2020, the survivors will cruise their last rides. An article from NPR explores the vehicle's history and the impact it had on the region's culture. The Padmini's origins begin in the '60s in the form of a Fiat 1100D, also known as a Delight 1100. The Fiat model served as the base for what first debuted as the Premier President from Premier Automobiles. It was later renamed the Premier Padmini after a famous Indian royal.  The car became extremely popular and sales shot up as it became the taxi of choice. Officials estimate roughly 60,000 Padminis were in Mumbai at the car's peak. Unfortunately, an open market and an influx of modern cars in the '90s doomed the black and yellow taxi, and production ended in 2000. Their last month to drive is June 2020. As the car becomes more myth than tangible reality, some artists have dedicated their works to honoring a vehicle that serviced millions of people from numerous generations. Check out the full article on NPR.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.