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Fiat is hitting the reset button on the 500L Urbana

Fiat is refreshing something most people probably never even knew existed: the "Urbana" 500L. For 2019, the Urbana Edition offers a value-minded black-out appearance package in attempts to jazz up the less-than-jazzy XXL 500. Fiat first introduced the 500L Urbana Trekking style package in 2014 for the 2015 model year. Since its introduction, the included trimmings have slightly changed, but the idea remains the same: a style package that aggregates numerous add-ons for a discount price. On 2018 models, the $395 option offered 17-inch black wheels, a black roof, and black side mirrors. Now called the Urbana Edition, the package is still only available on the Trekking trim but now costs $595. It offers gloss black 17-inch wheels, Miron Black door handle accents, black side-body trim, black fog lamps, black side mirrors, and blacked-out fascias. The Urbana Edition is available in black Bronzo Metallizato, Bianco, Grigio Scuro, Verde Bosco, and a contrasting black roof remains optional. Inside, Fiat only added minor changes. Black leather seats have contrasting copper stitching, and the dashboard features a copper 500 logo to signify the special edition. The updated 2019 Fiat 500L Urbana Edition will be available starting this spring.

Fiat Chrysler pressing on with Magneti Marelli spinoff amid sale rumor

MILAN — Fiat Chrysler (FCA) is pressing ahead with the spinoff of its parts maker Magneti Marelli, a spokesman confirmed in Wednesday after reports investment firm KKR was in talks to acquire the unit. "FCA is pursuing a plan to separate the Magneti Marelli business ... it will evaluate bona fide proposals for alternative transactions that may be in the best interest of the Company," the spokesman said in an emailed statement. The company would not comment on market rumors, the statement added. Earlier on Tuesday the Wall Street Journal reported that global investment house KKR was in talks to acquire the unit and that a potential sale price could exceed the 3.23 billion euros value at which some analysts valued it. In mid-July, FCA kicked off the process to register the business in the Netherlands and list it on the Milan stock exchange. Reporting by Stefano RebaudoRelated Video: Image Credit: Getty Earnings/Financials Chrysler Fiat Parts and Accessories FCA magneti marelli

Fiat Chrysler chief still says EVs can't make money

Add Sergio Marchionne's insistence that it's impossible to make money on electric vehicle production to death and taxes among things we can all count on. The Fiat Chrysler Automobiles CEO, speaking in an interview with UK's Car Magazine, implied that Tesla Motors was "the iPhone of cars." The metaphor may have been mixed, as iPhones make plenty of cash for Apple, whereas Tesla has never made an annual profit from its electric vehicles. But the implication was that automakers should stick to what they know, and they don't know smartphones. Forget any upcoming presidential debates, we're waiting for one between Marchionne and Tesla chief Elon Musk. As for the development of autonomous-driving features? Those are another story, says Marchionne, and an area where he's far more in line with Musk. That's because the technology required to make a car safely accelerate, brake, and steer on its own is far cheaper than making a car with an electric drivetrain that offers similar range and performance to a car with an internal combustion engine, he says. As opposed to electrification, Fiat Chrysler has been going the route of modifying conventional powertrains via wringing out more power out of progressively smaller engines, and mating them with eight- and nine-speed transmissions. As for EVs, credit Marchionne for his consistency. Fiat Chrysler has been selling the Fiat 500e since 2013. That year, Wards Auto named the 500e motor to its 10 Best Engines list, while the 500e won Road & Track's 2013 award for best electric car. Still, Marchionne has long said that Fiat only makes the vehicle for to satisfy zero-emissions vehicle mandates in California, and that the company loses as much as $10,000 for every 500e that it sells. Related Video: Featured Gallery 2014 Fiat 500e News Source: Car Magazine via Hybrid VehiclesImage Credit: Andrew Harrer/Bloomberg via Getty Images Green Chrysler Fiat Electric Sergio Marchionne