2014 Fiat 500 Pop on 2040-cars

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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.

Stellantis and Foxconn's new joint venture will focus on connectivity

MILAN — Carmaker Stellantis and TaiwanÂ’s Foxconn announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5G communications. Stellantis CEO Carlos Tavares said the services that will be developed through the tie-up “will mark the next great evolution of our industry,” alongside fully electrified and hybrid powertrains. The deal brings together Stellantis, the worldÂ’s 4th-largest automaker formed this year by the merger of Fiat Chrysler Automobiles and PSA Peugeot, and Foxconn, a major supplier of iPhones. The companies said the venture would focus on such services as infotainment, the integration of telecommunications and computer systems, artificial intelligence-based applications, 5G communications, e-commerce channels and smart cockpit integration. The companies announced a non-binding memorandum of understanding to form a 50-50 joint venture called Mobile Drive, which will be based in the Netherlands and function as an automotive supplier also to other carmakers. The new venture will combine advanced consumer electronics, Human-Machine Interfaces (HMI) to create new services “that will exceed customer expectations,” the companies said in a release. “Customers today and, in the future, demand and expect ever-increasing software-driven and creative solutions to connect the drivers and passengers with the vehicle inside and out,Â’Â’ Foxconn Chairman Young Liu. Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot 5g Connectivity Stellantis Foxconn

Vans aren't glamorous, but they're key to EU blessing FCA-PSA merger

MILAN/PARIS — Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger. European competition regulators are worried that Fiat Chrysler and Peugeot maker PSA's proposed merger may harm competition in small vans. With a total of 755,000 vans sold last year in Europe, the combined Fiat Chrysler (FCA) and PSA would get a market share of around 34%, based on industry data, more than double that of Renault and Ford, with shares around 16% each. Volkswagen and Daimler follow with market shares of 12% and 10% respectively. "Commercial vans are important for individuals, SMEs and large companies when it comes to delivering goods or providing services to customers," European Union competition chief Margrethe Vestager said in a statement, announcing an in-depth investigation into the proposed merger. "They are a growing market and increasingly important in a digital economy where private consumers rely more than ever on delivery services." Dario Duse, a managing director at consultancy firm AlixPartners, said demand for vans was not based on people's disposable income, as for cars, but rather on GDP and industrial trends, and in particular the logistics industry, where big players such as Amazon or DHL operate. "Logistics is a business segment which is having a significant growth, for several reasons including e-commerce, where you need efficient and agile vans for interurban and city deliveries," he said. "LCVs (light commercial vehicles) may recover faster than passengers cars in the post-COVID-19 phase." Sales of vans up to 3.5 tonnes in Europe amounted to 2.2 millions vehicles last year, compared to 15.8 million for passenger cars, according to data provided by the European Auto Industry Association (ACEA). The light commercial vehicles (LCVs) market may be secondary in terms of volumes, but it remains highly profitable in an industry where margins are constantly under pressure. Margins are generally higher than on passenger cars, up to 5-10 additional percentage points, AlixPartners says. "With LCVs you don't have to fulfill a series of consumer expectations that drive additional complexity and costs, such as for interiors. LCV customers are more rational and business driven," Duse said. And while electrification in heavy trucks is complicated, it might come sooner for LCVs.