2017 Fiat 500x Pop on 2040-cars

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Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler

ROME — Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA)  Italian unit, a source said, paving the way for the largest crisis loan to a European carmaker. The source said Italy's audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved. The court's approval follows an earlier endorsement by the economy ministry. "The audit court authorized the decree," said a source close to the matter, asking not to be named because of its sensitivity. FCA's Italian division has tapped Rome's COVID-19 emergency financing schemes to secure a state-backed, three-year facility to help the group's operations in the country, as well as Italy's car sector in which about 10,000 businesses operate, weather the crisis triggered by the coronavirus emergency. The loan will be disbursed by Italy's biggest retail bank Intesa Sanpaolo, which has already authorized it pending the approval of guarantees the government will provide on 80% of the sum through export credit agency SACE. The request for state support has sparked controversy because FCA is working to merge with French rival PSA and the holding for the Italian-American carmaker is registered in the Netherlands. FCA's global brands include Fiat, Jeep, Dodge and Maserati. It was not immediately clear what conditions, if any, Italy has set as part of the guarantees and whether they would affect FCA's planned 5.5 billion euro ($6.2 billion) extraordinary dividend, which is a key element in the merger with PSA. FCA, whose shares were down 0.5% by 0908 GMT, had no immediate comment.   Earnings/Financials Chrysler Fiat Peugeot Italy

More Ram trucks recalled over tailgate issue

Almost a year ago Fiat Chrysler recalled roughly 1.6 million Ram trucks over an issue with the locking power tailgate. The actuator limiter tab for the power locking mechanism could fracture, which would permit the actuator's lock-rod control to move beyond its limits. That would pull the locking rods open, thereby allowing the tailgate to open at any time. The 2018 recall covered Ram 1500, 2500, and 3500 pickups from the 2015 to 2017 model years, with the five-foot-seven and six-foot-four beds and the power locking tailgate option. Trucks with eight-foot beds, and those with manual-locking tailgates, were excluded. The trucks with eight-foot beds have been added to the recall as of earlier this month, putting 410,351 more trucks in the pool. According to Consumer Reports, Ram redesigned the locking assembly on the other two shorter bed sizes for trucks built after August 2, 2017, which was the end of the 2017 model year. But the eight-foot long-bed trucks didn't get the redesigned part until April 2, 2018 for some reason, making all eight-foot-bed pickups from the 2015 model year to April 1, 2018 part of the recall equation. FCA says it's not aware of any accidents or injuries because of the issue. The company plans to notify owners on June 28. The paperwork filed with the National Highway Traffic Safety Administration doesn't advise owners to stop driving the trucks, but nor does it instruct owners on how to address the problem in the meantime. Sounds like bungee cords might be the go. The fix is estimated to take 30 minutes at the dealer and entails removing the tailgate cover and installing a stop block to prevent the locking actuator's pivot arm from traveling too far. FCA says it will reimburse owners for any other repairs made to address the problem. Meanwhile, owners can contact Fiat Chrysler Automobiles customer service at 800-853-1403, and refer to FCA's number for this recall, V44. The NHTSA campaign number is 19V-347. Last year's recall comes under FCA number U74, and NHTSA campaign number 18V-486. Ram's not alone on this field. The NHTSA continues to investigate the 2017 Ford Super Duty pickups for a similar issue.

Fiat showed off the 500 Electric in New York, should sell it here too

The New York Auto Show was pretty predictable for the most part; lots of model refreshes, trim lines and new engines. The stuff you would expect from a lot of auto shows. But there was one truly bizarre, inexplicable appearance: the Fiat 500 Electric. For reasons unknown to us, or even to a Stellantis PR representative, the Fiat booth was not adorned with just one lonely 500X — which is currently the brand's entire U.S. lineup — but there was also a pomodoro (tomato) red 500 Electric convertible and a pale pink metallic 500 Electric hatchback. Two cars that Stellantis has, since the model's introduction a couple of years ago, said will not be coming to the United States. They weren't roped off or on any fancy display. They just sat on the carpet like any other regular Stellantis product. And of course, we had to check them out. And ... they're pretty great! We think Fiat should sell the 500 Electrics here. Here's why: First off, they're wonderful designs. They're still just as cute and retro as the 500's gas-powered (and electric) predecessor, but with far more attention to detail. The headlights intersect with the hood, and the turn signals pop out from the belt line. Nifty recessed door handles sit below that line. Little tabs with the model name bump down from the window trim. The retro, grille-less fascia is natural and practical, and the whole car has subtly athletic curves. Plus, you can get it as a convertible, something the competition doesn't offer. The excellent detailing continues inside. The materials are certainly cheap (and admittedly, the doors sound a little flimsy on closing), but it pulls the same tricks that the Ford Maverick does. It has fun with the colors, materials and shapes to make it pleasant. It has a soft, curvy dash panel that can be covered in cool fabric or painted to match the body. The seats are available with the "FIAT" wordmark stitched all through the upholstery. And it has convenient controls to go with the bright and responsive touchscreen. Furthermore, that rear half-door on the hatchback is great for rear seat access. The rear seat is still tight, but you can get three adults into the car in a pinch (mind your heads and knees). Basically, it's an extremely stylish and chic machine, something that the electric car market could use more in the low-end segment. And it likely would sell at the low end.