2014 Fiat 500c Pop on 2040-cars

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Fiat 500 gets unique leather trim for charity auction

It may or may not be to everyone's liking, but the Fiat 500 definitely has a style all its own. This particular example, however, takes it even further. What you're looking at is the very first example of the freshly facelifted 500 to roll off the assembly line. But it's not just the serial number that makes it special. The convertible model is painted in Bossa Nova white with a red roof and the 1.2-liter four-cylinder engine with a modest 69 horsepower. What sets it apart, though, is the unique treatment applied by Stefano Conticelli. The Umbrian master craftsman has hand-applied honey-gold leather trim, but not inside where you'd expect it: the exterior has been decked out in the buttery-soft hides, including the wheel arches, along the quarter panel, on a stripe running down the flank nose, and around the head- and taillights. The leather trim is outlined with a blue stripe reminiscent of Riva yachts. The wing mirrors, meanwhile, have been done up in mahogany wood, and a picnic basket is affixed to the tailgate. The result, even more than a standard Cinquecento, may not be everyone's cup of espresso, but it's certainly unique – and from the photos, at least, looks rather finely crafted. The one-of-a-kind retro city car will be auctioned off in Monte Carlo at the I Defend Gala to raise funds for the Robert F. Kennedy Human Rights Europe organization. Related Video: A Fiat showcar for auction, for a noble cause The New 500 will be a leading light in Montecarlo at "I Defend Gala 2015", the first edition of the charity gala supporting the "Robert F. Kennedy Human Rights Europe" Foundation, which champions human rights. On 16 July, in Montecarlo, in the spectacular setting of the Riva Tunnel, the "I Defend Gala 2015" will take place: an evening devoted to defending the universal values of basic human rights, in aid of "Robert F. Kennedy Human Rights Europe". The organization's central priorities are focused on the power of the individual to generate change, and involve supporting defenders of human rights via strategic partnerships. FCA has long been committed to various urgent issues such as sustainable mobility and education, both of which it supports through numerous projects. At "I Defend Gala 2015" it will participate with its New 500: a global icon sold in over 100 countries, a perfect emblem for the worldwide corporate charisma of FCA, based on the harmonious collaboration and different nations and cultures.

Fiat Chrysler profit up as it closes in on retiring its debt

MILAN — Fiat Chrysler Automobiles reduced its debt by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. Chief Executive Sergio Marchionne expects to cancel all debt during 2018 — possibly by the end of June — and generate around 4 billion euros ($5 billion) in net cash by the end of the year. Marchionne has said that forecast does not include any one-off measures, nor the impact of the planned spinoff of parts maker Magneti Marelli, which he hopes to execute by early 2019. The world's seventh-largest carmaker said on Thursday net debt had fallen to 1.3 billion euros ($1.6 billion) by the end of March, well below a consensus forecast of 2.6 billion euros in a Thomson Reuters poll of analysts. FCA said capital spending fell 900 million euros in the quarter due to "program timing," which analysts said implied higher investments for the rest of the year. The Italian-American group said first-quarter operating profit rose 5 percent to 1.61 billion euros, below a consensus forecast of 1.74 billion, as a weaker performance from its North American profit center weighed. Shipments there were higher due to the new Jeep Wrangler and Compass models. But currency moves hit revenues and earnings, and costs related to new product launches added to the pressure. FCA's shift to sell more trucks and SUVs boosted margins yet again in North America to 7.4 percent from 7.3 percent in the same quarter a year ago, although they were down from the 8 percent recorded in the preceding three months. Marchionne, preparing to hand over to an internal successor next year, is close to his goal of ending a margin gap with larger U.S. rivals General Motors and Ford. The 65-year-old has said becoming debt free and being able to compete on a par with U.S. peers would mean FCA no longer needed a partner to survive and could well succeed on its own. The CEO has previously said tying up with another carmaker would help to meet the huge costs in an industry investing in electric vehicles and automated driving. FCA shares fell immediately after the results, but recovered to trade up 3 percent at 19.71 euros by 1150 GMT, outperforming a 0.4 percent rise in Europe's blue-chip stock index. ($1 = 0.8214 euros) Reporting by Agnieszka FlakRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Local UAW leaders recommend membership approve FCA contract

DETROIT — Union leaders from Fiat Chrysler factories are sending a new four-year contract to a membership vote. The 47,000 members of the United Auto Workers union at the company will vote on the deal starting Friday. Local leaders assembled on Wednesday in Detroit to go over the pact, which includes a $9,000 bonus per worker upon ratification. The company also has promised $4.5 billion worth of new investments in U.S. factories. The union reached agreement with Fiat Chrysler last weekend. The new contract also offers a mix of lump sums and pay raises for longtime workers, full top wages for new hires within four years and a path for temporary employees to become full-time after three years of work. The Fiat Chrysler contract also adds 12.5% to the union workers' profit-sharing formula, giving them $900 per 1% of profit margin generated North American. That's up from $800, and a $12,000 cap was lifted. The UAW says the deal created more than 7,900 jobs, including a $4.5 billion investment previously announced at two factories in Detroit. Fiat Chrysler is the last of the Detroit automakers to settle with the union. Workers at General Motors ratified their contract Oct. 31, ending a 40-day strike that paralyzed GM's U.S. factories. Ford workers followed by approving a contract in November. In a summary of the contract, the union said FCA agreed to extend a moratorium on outsourcing of jobs and will maintain its U.S. manufacturing presence through the life of the contract. The $9 billion of factory investment includes $4.5 billion previously announced at two factories in Detroit, including a new assembly plant. Also included is an agreement to build fresh models off the Jeep Cherokee SUV underpinnings and invest $55 million into the Belvidere, Illinois, assembly plant, where the Cherokee is built. At the Toledo, Ohio, North Assembly plant, which builds the Jeep Wrangler SUV, the company will invest $160 million and hire 100 more people to build a plug-in hybrid version of the Wrangler. The Toledo South plant gets $120 million to keep building the Jeep Gladiator pickup. At an assembly plant in Sterling Heights, Michigan, Fiat Chrysler will invest $210 million to keep building light-duty Ram pickup and new high-performance version of the truck. Another truck plant in Warren, Michigan, will get $2.8 billion including engineering and development expenses to keep building the Ram pickup and a new three-row SUV called the Wagoneer and Grand Wagoneer.