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Volkswagen is not cool with a Fiat Chrysler merger
Wed, Mar 8 2017Volkswagen CEO Matthias Mueller shot down Fiat Chrysler CEO Sergio Marchionne's overtures for a merger in blunt fashion this week. Mueller told Reuters at the Geneva Motor Show, "We are not ready for talks about anything ... we have other problems. I haven't seen Marchionne for months." The unusually candid – and icy – response from one chief executive to another comes after Marchionne similarly pursued General Motors (again) this week. The FCA boss suggested GM might be looking for a new European partner as it prepares to unload its troubled Opel and Vauxhall divisions to PSA. A GM spokesman told USA Today that the company is not interested. Marchionne has been openly suggesting a GM merger since at least 2015, despite GM never reciprocating interest. VW's "other problems," as Mueller notes, include legal proceedings, fines, recalls, and other issues related to its long-running diesel scandal. Marchionne has long sought industry consolidation, arguing that automakers don't get a proper return on their investments in technologies, some of which are relatively similar. He's suggested sharing chassis and powertrain components could be a benefit to the collective auto sector. Skeptics argue FCA, which is smaller than GM, VW, Toyota, and others, needs a partner to survive, while its rivals already have the necessary scale to remain competitive. Related Video:
Fiat previews new Toro sport-utility pickup
Fri, Oct 2 2015Fiat is preparing to roll out a new midsize pickup. We've seen spy shots of the prototype running around, but heavily camouflaged as it was, we didn't get much indication of what it would look like – and even less about its name. But now the Italian automaker has given us an indication of both. Previewed in the teaser image above is the forthcoming new Fiat Toro. The vehicle is billed as a "sport-utility pickup," which Fiat touts as a new segment, though there are already plenty of vehicles out there that aim to blur the line between pickup and SUV. Models like the Honda Ridgeline and Chevy Avalanche come to mind, but the Toro is likely to be smaller than either – more like the long-gone Ford Explorer Sport Trac that bridged the gap between the old truck-based Explorer and the Ranger pickup or the Subaru Baja. Whatever it ultimately looks like, the Toro will be limited – at least initially – to the Latin American market. There it's set to be introduced early next year by Fiat Automoveis Brasil, which also offers the Strada pickup car. Whether the Toro ever makes it out into other markets remains to be seen, but we wouldn't hold out too much hope of getting a Ram version this far north as Chrysler doesn't think there's a market for compact or mid-size pickups in America to replace the old Dakota. Related Video:
Fiat preparing to say 'ciao' to the 500X in the United States
Tue, Nov 22 2022Fiat's 500X crossover will enter the pantheon of automotive history without a successor. Ending years of rumors and speculation, the company confirmed that the soft-roader will not be replaced in the United States once production of the current-generation model ends. As we reported from the L.A. Auto Show, the 500X will be discontinued after it reaches the end of its lifecycle. "When it dies, it dies. We will not replace it," Fiat boss Olivier Francois confirmed to Motor Trend. With the Mazda MX-5 Miata-based 124 Spider and the 500L people-mover out of the picture, the 500X is the last Fiat standing in the United States. Its demise hardly comes as a surprise: Fiat sold merely 1,181 units in 2021, an 18% drop compared to 2020. Given those anemic numbers and the fact it debuted at the Paris Auto Show of 2014, the end of its lifecycle might not be that far off — 2023 might be its final model year. Francois' comments douse cold water on rumors claiming Fiat planned to merge the 500X and the 500L into one model tentatively called 500XL. When it does sail off into the history book, the Jeep Renegade's Italian cousin will pass the torch to the electric 500e, which has been on sale in Europe since 2020 but won't land in the United States until early 2024. Market-specific details will be announced in 2023. Fiat seems content with offering a one-model range in the United States. "We have a clear plan not to do anything besides the 500. It's the one model people like," Francois candidly admitted. "Fiat is not here to be everything to everyone everywhere," he added. And, the company knows a tiny EV with a range rating of under 200 miles will be a tough sell. Francois predicted American sales will be "a rounding error." European motorists see more of the Fiat iceberg. The Turin-based company notably still sells the last-generation 500 and its Abarth-tuned derivatives, which both left American showrooms in 2019. Its range also includes the massively popular Panda city car and the Tipo.  Â
