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Marchionne backs off merger plans, could retire after 2018

FCA boss Sergio Marchionne is stepping back from plans to attempt a major auto industry merger like the oft-speculated deal with General Motors last year. According to Bloomberg, Marchionne now wants to grow his automaker through 2018, and then the 63-year-old could retire around the end of that year. Marchionne claims he received merger proposals last year, but he couldn't find an attractive enough partnership. "We went back to concentrate on the 2018 plan which would boost Fiat Chrysler's value and its position in a deal," he said to Bloomberg. He still believes that a big merger is possible, but "it will be someone else's duty," he said after previously hinting about possibly staying at FCA until 2020. Marchionne was clear that any chance for the GM merger was likely over. "I met Mary Barra less than a month ago in Washington," he told Bloomberg. "I don't think I will have another coffee with her. It won't happen again in the future." Now, the boss intends to spend the rest of his time at FCA building the automaker through its five-year plan, and his goal is to grow global deliveries to seven million units a year by 2018. To make that happen, the automaker will invest around $52 billion over that time to improve its brands' product slate. Marchionne began backtracking from the possible GM merger late in 2015 after it became clear that The General's board wasn't interested. Earlier in the year, he seemed more aggressive about the prospect by suggesting a hostile takeover with a bizarre metaphor about giving the company a hug. Related Video: News Source: BloombergImage Credit: Richard Drew / AP Photo Chrysler Fiat GM Sergio Marchionne FCA fca us

Second-generation Fiat 500 grows up, goes electric, gets posh

Going to the design well to reinvent an icon is difficult, especially when it's one of your greatest hits, so Fiat walked a thin line as it developed the first new 500 since 2007. Unveiled online, the hatchback is just as huggable as its predecessor — which is sticking around — and it honors tradition while embracing cutting-edge technology. Motorists long nourished on a diet of value-packed, bargain-priced Fiat models are in for a rude surprise. The new 500 rubs elbows with respected luxury cars, at least on paper, and it has morphed into more of an Instagram-friendly fashion statement than a genuine people's car. Stylists brought its retro-inspired design into the 2020s without completely reinventing it. It's still shaped like the 500 you're familiar with, though it's a little bit longer and wider than before and its wheelbase gains about an inch. Its front fascia wears a unmissable 500 emblem flanked by bright trim, its headlights are mounted higher and integrated into the hood, and its door handles are chiseled into the body. Out back, the vertical lights return with a more sculpted design. The line-up will ultimately include the quasi-convertible shown here, a hardtop, plus a wagon called Giardiniera and envisioned as a modern interpretation of the eponymous long-roof sold from the 1950s to the 1970s. Bigger changes welcome the passengers into the cabin. The driver sits behind a two-spoke steering wheel and a configurable, 7.0-inch digital instrument cluster, while a 10.25-inch touchscreen propped up on the dashboard displays a new version of the well-regarded Uconnect infotainment system. It looks decidedly more upmarket than the 500 it replaces, though it's difficult to tell without seeing in person and sitting in it — thanks, coronavirus. Fiat made the new 500 all electric, all the time. It's built on a 42-kilowatt-hour lithium-ion battery pack that zaps a 118-horsepower electric motor into motion. Its maximum driving range checks in at 199 miles, though the Italian firm obtained that figure by putting its city car through the optimistic WLTP testing cycle. It takes nine seconds to reach 62 mph from a stop, it has a 93-mph top speed, and plugging it into an 85-kilowatt charger fills 80% of the battery in 35 minutes. Alternatively, you'll need to wait 14 hours for a full charge if you plug it into the same household-spec outlet you use to keep your phone and your laptop juiced up.

Dodge Viper production to end after 2017

We can't say we're surprised, but we're still saddened to report that the Dodge Viper will not live on past the 2017 model year. It's had a solid 25-year run, though, and that's worth celebrating. Fiat Chrysler Automobiles does just that for the Viper's final model year, with five special editions (some of which seem less special than others, admittedly): The 1:28 Edition ACR, GTS-R Commemorative Edition ACR, VoooDoo II Edition ACR, Snakeskin Edition GTC, and Dodge Dealer Edition ACR. Instead of running through what makes each of these 2017 Vipers special, we'll direct your attention to the press release below and the images above. All but the Dodge Dealer Edition commemorate memorable Viper models of the past 25 years, and the GTS-R is probably the pick of the litter with its classic blue-on-white paint scheme. Unless you prefer to err on the side of gaudy, in which case Dodge has you (and your car) covered with Snakeskin Green. If none of these special-edition Viper models strikes your fancy but you'd still like to park a 2017 Viper in your garage, fret not. Dodge is still offering its "1 of 1" customization program for the Viper's final year of production. Finally, instead of dwelling on the past, even when that past is as exciting as the Viper's, let's choose to look to the future with the only logical question left unanswered: What's next? Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.