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Fiat 500e order guide shows $32,500 starting price for the U.S. market

UPDATE: After publishing this post, Fiat announced its Fiat Pass with some images of the 500e Red, one of the initial trims to ship to U.S. dealers. The pass is "a digital collectible that acts as a social VIN to unlock fun rewards and extraordinary experiences that celebrate the FIAT brand’s iconic heritage and its shared, sustainable future." The benefits of signing up for an as-yet-unknown price include priority access to order the 500e Red, digital art, "mobility credit" for driving the 500e, and "priority access to future vehicle releases." Here's a photo of the 500e Red, followed by the original post: Last year, Fiat said its cute, dinky 500e electric hatchback would go on sale here at the beginning of 2024. We're not far from the calendar's big turn. Fiat's U.S. site opens with a banner telling us, "Get ready to revel in the details," December 5 being the day to unlock 500e specs and to "Take a closer look at all-electric Italian engineering." While we wait, Cars Direct did its usual, finding an early order guide with an MSRP for the 500e: $32,500, excluding destination. If that's the number that ends up on window stickers, the electric two-door would fall between the two trims of the single ICE four-door Fiat currently sells here, the $30,245 500X Pop Techy Traveler and the $33,275 500X Sport Sporty Socialite. All prices exclude the destination charge unless noted. This MSRP also puts the 500e under all but four EVs on the market at the moment, the $28,140 Nissan Leaf, the $26,500 Chevrolet Bolt, and the $27,850 Bolt EUV, and the $30,900 Mini Cooper SE. In fact, $32,500 is less than the price of the bygone 500e; when it left the market in 2019, it cost $33,210. That's an ostensible difference of $710, however — and this might be the most frightening sentence we write all day — the U.S. Bureau of Labor Statistics CPI Inflation Calculator tells us that $33,210 in May 2019 is equivalent to $39,898.76 in October of this year. We only have European specs to go on until December 5. In Italy, the 500e runs on a 42-kWh battery powering a single motor on the front axle capable of 117 horsepower but restricted to a maximum power rating of 94. Range on the WLTP cycle is 199 miles. Our EPA-rated range will be lower, although it should handily beat the 84-mile estimated range of the old car.

Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.

Neiman Marcus adds $65,000 Fiat 600 Jolly look-alike to Fantasy Gifts collection

Neiman Marcus recently released its Fantasy Gifts collection - a part of its Christmas catalog - that includes his and hers Island Cars featuring bespoke touches by Lilly Pulitzer. The vehicles are customized versions of the Island Car built by Island Car Limited in West Palm Beach, FL. The compact beach machines are manufactured to look like the Fiat 600 Jollys that were made in 1959 and from 1961 to 1964. The new ones cost $65,000 each. Neiman Marcus' Island Cars comes with signature Lilly Pulitzer prints, towels, tote bags, swim trucks for him, as well as a caftan (a long, loose dress) for her. Other than these extras, the beach-oriented cars share a lot of the same components as the ones built by Island Car Limited. The vehicles are built off a composite construction and compared to an original Jolly are lower, wider, and have more storage space. The Island Cars are powered by the company's own electric motors and lightweight batteries. Island Car Limited doesn't say what kind of range or batteries the compacts have, so we're assuming the vehicles are Neighborhood Electric Vehicles. While $65,000 is a lot of money for an electric vehicle that doesn't have doors, Hagerty values the average price of a 1964 600 Jolly at $44,400. Looking for something more powerful from the Neiman Marcus catalogue? There's always the Infiniti Q60 Red Sport. Related Video: News Source: Neiman MarcusImage Credit: Neiman Marcus Celebrities Design/Style Green Fiat Coupe Electric Special and Limited Editions neiman marcus neiman marcus christmas book