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Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.

2023 Fiat Topolino unveiled as tiny, city-only electric runabout

Fiat took a trip to the heritage well to launch its own version of the quirky Citroen Ami unveiled in 2020. Called Topolino, the electric two-seater (it's not legally considered a car) shares its basic proportions with its French sibling but features a retro-inspired exterior design. The name wasn't chosen randomly: Topolino (which means "little mouse" in Italian) was the nickname given to the original 500 built between 1936 and 1955. The first-generation model's contribution to the project stops there. Designers instead drew inspiration from the second-generation 500 to differentiate the modern-day Topolino from the Citroen-branded model, and we'd argue the front end is even more retro than the new 500's. It's characterized by a pair of small, round lights, smaller turn signals, and a piece of trim shaped like a metal bumper. Thick ropes replace the doors while creating a visual link between the Topolino and the beach-friendly 500 Jolly and 600 Jolly built by Ghia, among other coachbuilders, from the 1950s to the 1970s. Fiat hasn't released photos of the back end yet, and it's keeping the interior under wraps for the time being. The seats look a lot like the Ami's, however, and we're expecting most of the interior changes will be trim-related. Similarly, the Italian brand isn't ready to publish technical specifications. For context, the 1,070-pound Ami measures 95 inches long, 55 inches wide, and 60 inches tall; it fits in the back of a Ford F-250 Super Duty equipped with the longer of the two available cargo boxes. Power comes from an electric motor that draws electricity from a 5.5-kilowatt-hour lithium-ion battery pack to make eight horsepower. Driving range checks in at about 45 miles, which underlines the model's positioning as a low-speed, city-only vehicle, and if you keep your foot down you'll eventually reach a top speed of 27.9 mph. These riding mower-like specifications place the Topolino in the quadricycle segment. Built in Morocco, the Fiat Topolino will go on sale in select markets in the coming months. Pricing hasn't been announced but it's of little interest to us, because nothing suggests this tiny EV will receive clearance to travel to the United States. Across the pond, it's reasonable to assume pricing will start in the vicinity of ˆ10,000 (about $10,700). Keep an eye out for it the next time you're on a Mediterranean island. Related video: This content is hosted by a third party. To view it, please update your privacy preferences.

The Fiat 500 GQ Edition is not all that it appears to be

With Fiat's business model effectively previewed by rival Mini's moves toward success throughout the years, it's certainly no surprise to see the Italianate 500 start to cough up some limited edition models. The 500C has already, and famously teamed with Gucci (via a small J.Lo kerfuffle) and now Fiat has brought a 500 GQ Edition to Geneva, presumably for gentlemen drivers with style.
The co-branding with Gentleman's Quarterly includes orange GQ badges that match 500 logos of the same color. The show car seen here is presented in a matte grey and carbon black paint scheme that will not be offered for the public when the car goes on sale in Europe (500 Bait and Switch Edition is more like it). Instead, European customers will get a two-tone metallic grey/black 500S, with chromed mirror caps, unique 16-inch wheels, orange brake calipers. Inside we're told the car will offer unique leather seats and a leather-covered gear knob.
See the show car in our gallery above, and scroll down below for the press release.