2014 Fiat 500l Trekking on 2040-cars

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EIB ups financing for Fiat Chrysler's electric vehicles to $949 million

MILAN — The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) to support production of electric and hybrid vehicles, they said in a joint statement. Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria. To improve capacity utilization at FCA's Italian plants, the group has announced a 5 billion euro investment plan for the country through 2021 which envisages the launch of new electric and hybrid models. EIB and FCA had sealed 300 million euros in financing before the summer to fund investments for plug-in hybrid electric vehicle production lines at plants in Melfi, in the southern Basilicata region, and battery electric vehicles at Fiat's historic Turin plant of Mirafiori over the 2019-2021 period. FCA has now finalized a 485 million euro deal with EIB to support both an innovative line of plug-in hybrid electric vehicles at the Pomigliano plant in the southern Campania region as well as R&D activities at FCA laboratories in Turin. The EIB credit line covers 75% of the total value of FCA's investment in the project for the 2020-2023 period. Earnings/Financials Green Plants/Manufacturing Chrysler Fiat

2015 Fiat 500C Abarth Automatic

"I would not, could not in a tree. Not in a car, you let me be. I do not like them in a box. I do not like them with a fox. I do not like them in a house. I do not like them with a mouse. I do not like them here or there. I do not like them anywhere. I do not like green eggs and ham. I do not like them Sam-I-Am." Why am I quoting Dr. Seuss' classic children's tale in the review of a small Fiat? Well, much like oddly colored eggs and ham, for the 500C Abarth, Fiat has taken something formerly palatable and added a rather bizarre quality – a six-speed automatic transmission. "I do not like an auto trans," I said. "I'd only drive it in a van." What would happen to the 500 Abarth's hilariously charming and flawed character? Isn't an automatic gearbox diametrically opposed to the cheap and cheerful driving pleasure inherent in the scorpion-badged Cinquecento? After a week behind the wheel, I was shocked to find that the auto Abarth is nearly as entertaining as its clutch-equipped counterpart. Driving Notes The Aisin six-speed automatic is beefed up for the higher torque of the hot 500 Abarth, and the final drive ratio is shorter. Despite the Abarth's spicier character, the shifter retains the same PRNDL pattern and piano-black surround as the standard 500. While I laud Fiat for offering a correct shifter layout to the manual-shifting scheme – pull to upshift and push to downshift – that smart move is overshadowed by the lack of wheel-mounted paddle shifters. There's not much else to complain about with the new automatic, because on the road it delivers similar performance to the five-speed manual. Upshifts are smooth and quick in the standard setting, and only get sharper if you push the Sport button on the dash. On top of that, wide-open-throttle upshifts show off the sonorous voice of the Abarth-tuned exhaust. It pops and cracks and belches in a horribly, hilariously anti-social way. I love it. The twin pipes are just as vocal on the rev-matched downshifts. The gearbox isn't as quick to drop ratios as some of its two-pedal competitors, like the dual-clutch-equipped Volkswagen GTI or even the traditional automatic offered in the Mini Cooper S (coincidentally also an Aisin unit). That said, the difference isn't significant enough to count as a major demerit. One minor change with the transmission is the power output. While the manual model has 160 horsepower, the auto drops to 157. Torque, though, is up from 170 pound-feet to 183 lb-ft.

Automakers not currently promoting EVs are probably doomed

Okay, let's be honest. The sky isn't falling – gas prices are. In fact, some experts say that prices at the pump will remain depressed for the next decade. Consumers have flocked to SUVs and CUVs, reversing the upward trend in US fuel economy seen over the last several years. A sudden push into electric vehicles seems ridiculous when gas guzzlers are selling so well. Make hay while the sun shines, right? A quick glance at some facts and figures provides evidence that the automakers currently doubling down on internal combustion probably have some rocky years ahead of them. Fiat Chrysler Automobiles is a prime example of a volume manufacturer devoted to incremental gains for existing powertrains. Though FCA will kill off some of its more fuel-efficient models, part of its business plan involves replacing four- and five-speed transmissions with eight- and nine-speed units, yielding a fuel efficiency boost in the vicinity of ten percent over the next few years. Recent developments by battery startups have led some to suggest that efficiency and capacity could increase by over 100 percent in the same time. Research and development budgets paint a grim picture for old guard companies like Fiat Chrysler: In 2014, FCA spent about $1,026 per car sold on R&D, compared with about $24,783 per car sold for Tesla. To be fair, FCA can't be expected to match Tesla's efforts when its entry-level cars list for little more than half that much. But even more so than R&D, the area in which newcomers like Tesla have the industry licked is infrastructure. We often forget that our vehicles are mostly useless metal boxes without access to the network of fueling stations that keep them rolling. While EVs can always be plugged in at home, their proliferation depends on a similar network of charging stations that can allow for prolonged travel. Tesla already has 597 of its 480-volt Superchargers installed worldwide, and that figure will continue to rise. Porsche has also proposed a new 800-volt "Turbo Charging Station" to support the production version of its Mission E concept, and perhaps other VW Auto Group vehicles. As EVs grow in popularity, investment in these proprietary networks will pay off — who would buy a Chevy if the gas stations served only Ford owners? If anyone missed the importance of infrastructure, it's Toyota.