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2024 Fiat 500e U.S. specs and pricing revealed

After announcing it would bring the electric 500e to the U.S., Fiat has finally revealed pricing and specifications for the American version. It's not quite the value proposition as it is in Europe, but it will still deliver superb styling with some advantages in range and weight over current competitors. As far as design and performance, the American 500e is effectively identical to the European version. It has the same single front motor making 118 horsepower and 162 pound-feet of torque paired with a 42-kWh battery pack. Range is lower than for Europe, but this is certainly a result of the EPA testing procedure. As such it returns 149 miles on a charge, which is identical to the base Leaf S. It's also better by 35 miles than the current Mini Cooper SE. The Fiat also boasts faster 85-kW DC charging than the Nissan and Mini, and unlike the Nissan, the Fiat has liquid-cooled batteries (which helps keep range and charging more consistent and is good for battery longevity). Fiat claims the 500e will charge to 80% in 35 minutes. Suspension uses MacPherson struts up front and a torsion-beam setup for the rear. Braking duty is split between front discs and rear drums. At just 2,952 pounds, close to 200 pounds less than the Mini and more than 500 pounds less than the Nissan. Only one version of the Fiat will be available at launch, the 500e RED, which is a special edition collaboration with the RED charity that raises money to combat AIDS. So a portion of the purchase goes to that program, like all RED products. It's also, naturally, only available in a bright red paint scheme with matching interior accents. It comes with 17-inch alloy wheels, a 7-inch digital instrument cluster, 10.25-inch infotainment screen, wireless charging, wireless Apple CarPlay and Android Auto, manually adjustable seats, automatic climate control, lane-keep assist, adaptive cruise control and automatic emergency braking with pedestrian detection. A level 2 home charger or public charger credits are included, too, all at the 500e RED's base price of $34,095 (including $1,595 destination charge). That makes it a little more than $2,000 more expensive than the base Mini Cooper SE and more than $4,000 more expensive than the Nissan Leaf S. It goes on sale in the first quarter of next year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.

Fiat is quitting the minicar segment it dominates

Fiat plans to exit the minicar segment its global empire is built on. Strict safety and emissions regulations looming over the European new car market will soon make developing pocket-sized models prohibitively expensive, so the Italian firm will shift its attention to the next segment up. "In the very near future, you will see us refocus on this higher-volume, higher-margin segment, and that will involve a move away from the minicar segment," announced Fiat Chrysler Automobiles (FCA) boss Mike Manley during a recent conference call with analysts. He didn't provide a specific time frame, but industry trade journal Automotive News speculated the move will happen by 2024. The 500 and the Panda, Fiat's entries in the segment, continue to sell relatively well in spite of their age. The 12-year old 500 was the 16th best-selling car in Europe in 2018; the eight-year old Panda finished in 20th position, but it led the Italian sales chart by a significant margin. Fiat already announced the next-generation 500 -- which likely won't be sold in the United States -- will only be offered with an electric powertrain, but the current car is expected to remain in production for as long as possible. The Panda's future is murkier; the 2019 Centoventi concept hinted at an electric replacement, but Manley's statement seemingly suggests Fiat shifted the project to the back burner. The next-generation 500 will make its debut at the 2020 Geneva auto show and go on sale shortly after. While the model will live on as an electric car, Fiat will focus on slightly bigger subcompact cars that enjoy thicker profit margins, like the Renault Clio and the Volkswagen Polo, Europe's second and third best-sellers (behind the Golf) in 2018. The Italian firm left the segment when it deep-sixed the Punto in 2018; it's now looking for a way back in. The on-going tie-up with Paris-based PSA Group would give it access to the new platform found under the Peugeot 208 and the Opel Corsa. It was developed with gasoline-, diesel-, and electric-powered drivetrains in mind. Fiat's rivals on the European market have recently come to a similar conclusion. The Ford Ka+ and the Opel/Vauxhall Karl retired earlier than expected, decisions partly blamed on sluggish sales, and Volkswagen will allegedly drop the gasoline-powered variant of the Up! to focus on the electric model. Smart's ForTwo and ForFour have gone electric-only.