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Eight people injured after Fiat crashes at LA auto show
Tue, Nov 22 2016A man crashed a Fiat 500 that was available for test drives at the LA auto show Monday, according to the Los Angeles Times. He hopped a curb and struck a concrete planter, which shattered, sending shrapnel toward bystanders. The crash resulted in eight people being injured, with six of them going to the hospital. KTLA reports that one of the hospitalized people was the driver of the car. The Times reports that no one sustained life-threatening injuries. As seen in the photo above, the Fiat 500e used was a test car for visitors of the show. Fiat Chrysler is one of 11 car companies providing vehicles for guests to try out. The Times also reports that an LAPD spokesperson said the driver of the Fiat may not have had a valid license. It's surprising this wouldn't have been noticed when the driver signed up, as the LA auto show's test drive rules state that a valid license is required to drive. As of this writing, it appears that the show is continuing as normal, along with test drives. The show is open to the public until November 27. Car companies will also be offering test drives throughout the week, including the last day of the show. Related Video:
Analysts wary over FCA lawsuit but say emissions not as bad as VW
Wed, May 24 2017MILAN - Any potential fines Fiat Chrysler (FCA) may need to pay to settle a US civil lawsuit over diesel emissions will unlikely top $1 billion, analysts said, adding the case appeared less serious than at larger rival Volkswagen. The US government filed a civil lawsuit on Tuesday accusing FCA of illegally using software to bypass emission controls in 104,000 vehicles sold since 2014, which it said led to higher than allowable levels of nitrogen oxide (NOx) that are blamed for respiratory illnesses. FCA's shares dropped 16 percent in January when the U.S. Environmental Protection Agency (EPA) first raised the accusations, adding the carmaker could face a maximum fine of about $4.6 billion. The stock has been under pressure since. Volkswagen agreed to spend up to $25 billion in the United States to address claims from owners, environmental regulators, U.S. states and dealers. FCA, which sits on net debt of 5.1 billion euros ($5.70 billion), lacks VW's cash pile but analysts said its case looked much less severe. While VW admitted to intentionally cheating, Fiat Chrysler denies any wrongdoing. Authorities will have to prove that FCA's software constitutes a so-called "defeat device" and that it was fitted in the vehicles purposefully to bypass emission controls. Even if found guilty, the number of FCA vehicles targeted by the lawsuit is less than a fifth of those in the VW case. Applying calculations used in the German settlement, analysts estimate potential civil and criminal charges for Fiat Chrysler of around $800 million at most. Barclays has already cut its target price on the stock to take such a figure into account. Analysts also noted that FCA's vehicles are equipped with selective catalytic reduction (SCR) systems for cutting NOx emissions, so it is likely that any problem could be fixed through a software update. "Should this be the case, we estimate a total cost per vehicle of not more than around $100, i.e. around $10 million in aggregate," Evercore ISI analyst George Galliers said in a note. The estimates exclude any additional investments FCA may be asked to make in zero emissions vehicles infrastructure and awareness as was the case with VW. FCA said last week it would update the software in the vehicles in question, hoping it would alleviate the regulators' concern, but analysts said it may have been too little too late. The carmaker is also facing accusations over its diesel emissions in Europe.
2017 Fiat 124 Spider Elaborazione Abarth is lacking its sting
Thu, Mar 24 2016After seeing the 2017 Fiat 124 Spider Elaborazione Abarth at the New York Auto Show, we're starting to understand the convertible is essentially Fiat's take on the 2016 Mazda MX-5 Miata Club trim. Thing is, the Abarth name is synonymous with big performance out of tiny engines, and that's exactly what the latest Fiat 124 Abarth gets in Europe. We want it here, too. Despite the scorpion badge on the fender, this model makes the same 160 horsepower and 184 pound-feet as the standard 124 Spider. By way of comparison, the 1.4-liter turbocharged four-cylinder makes 170 horsepower in Europe. Customers here can choose between a six-speed manual or automatic to route power to the rear wheels through a limited slip differential. The Elaborazione Abarth isn't completely without improvements, though. The droptop gets a stiffer suspension with Bilstein shocks, and a Sport Mode button adds an extra edge when drivers want it. Brembo four-piston calipers are optional, and the US model keeps the European Abarth's retro touches like the black hood. Unfortunately, Abarth's performance legacy holds the Elaborazione Abarth back, rather than helping it. The Mazda MX-5 Miata Club gets most of the same upgrades, including a limited-slip differential, Bilstein shocks, and optional Brembo brakes. However, the Miata's sporty trim is easy to accept because it's just part of the regular lineup; Mazda doesn't attach a brand name with racing history to the sharper model. In contrast, the scorpion badge on this 124 Spider makes the convertible hard to accept as a real Abarth. Related Video: