Loaded Fiat 500 Lounge 2012 Red Leather Interior- Rare, Low Miles, Extd Warranty on 2040-cars

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Just 45% of Fiat dealers are profitable, and they're angry about it

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On average, Fiat dealers have only been selling about 17 cars a month.
We've been wondering for some time how Fiat dealers in North America have been getting along with just one model range in their showrooms up until recently. Franchisees spent millions building, stocking and manning sleek new 'studio' showrooms, only to have but a single model to sell, the cherubic 500. And even with its many derivatives, the Cinquecento is still an inexpensive model with its attendant lower margins. Perhaps it should come as no surprise then, that just 45 percent of US Fiat dealers are said to be profitable.

Pope Francis' Fiat 500L just sold for $82,000

A brand-new Fiat 500L will run you anywhere from about $20,000 to $25,000, depending on trim. But the one you see here just sold for $82,000 – more than four times the car's base MSRP. This isn't just any old 500L, though. This one carried Pope Francis through Philadelphia on his recent visit to the United States. The 500L sold at an auction during the Philadelphia Auto Show, where bidders could participate remotely, or in person. Nineteen bidders competed over the course of 11 minutes, and the winning bid of $82,000 was made by Michael and Kate Chapman of Chapman Auto Stores. Reuters (via Automotive News) says the money will go to benefit the Roman Catholic Archdiocese of Philadelphia. This 500L was one of six the Pope used during his visit to the US. Automotive News says the Pope originally selected the Fiat because it's frugal and efficient, and that Francis wanted to move away from some of the lavish appointments long associated with his office.

Marchionne assures Fiat jobs will stay in Italy, amid Chrysler merger talks

Even though Fiat CEO Sergio Marchionne has repeatedly said he won't pick up, leave Italy and take his Fiat factories with him, his occasional pointed comments about the challenges of running operations in that country has worried Italian politicians dealing with government, economic and labor-force seizures the past few years. After Fiat Industrial announced it was moving its headquarters to London and it was rumored that the car division's HQ would move to Auburn Hills, MI after the merger with Chrysler, it was worried that more Italian jobs would disappear.
Industry Ministry Flavio Zanonato sought assurances from both Marchionne and Fiat chairman John Elkann that they would "commit to the country," and it appears those assurances have been given. Unemployment in Italy is at 20-year-highs and car sales are at 20-year-lows, but Marchionne said "We have confirmed our commitments for Italy" and the company will hold steady on employment. The nation and the corporation said they would work together to "relaunch Italy's car market," although it's not clear what either of them will be able to do beyond wait it out. At the very least, Fiat's stance means there's one less ball the country's politicians have to juggle.