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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

Fiat Chrysler trademarks Kamal, likely for small Alfa CUV

We have Alfa Romeo news to share, and for once it's not about a product delay. Fiat Chrysler has trademarked the name Kamal and we think it will be used on one of two crossovers planned to follow the (delayed) Stelvio. Fiat Chrysler trademarked the name Kamal last month. Because trademark filings are intentionally vague, there is no specific brand attached to the application, only parent company FCA. The link to Alfa comes from a small CUV concept that used the name way back in 2003. If we had to wager, we'd say this one will be smaller than the midsize, Giulia-based Stelvio and could use a version of the same platform or whatever will underpin the brand's (eventual) small hatchback. It probably won't come in gold like the concept. We hope not, at least. Interestingly, there's no trademark for Stelvio in the US Patent and Trademark Office's database. That name was confirmed by Sergio Marchionne in February, but anyone familiar with recent Alfa news knows things change. And then they get pushed back and change again. About that waiting, though. Alfa's product plans have been made and amended, the gorgeous Giulia has been delayed, and now things seem to be on track. Maybe. If the latest trademark filing is any indication, the brand is at least thinking about what's supposed to come next. Related Video:

Michael Schumacher's son Mick to test with Ferrari and Alfa Romeo in F1

LONDON — Mick Schumacher, son of seven-time world champion Michael Schumacher, will test with Ferrari and Alfa Romeo in Bahrain next week, the Formula One teams announced on Tuesday. The German, who makes his Formula Two debut in Bahrain this weekend with the Prema team, will test Ferrari's F90 car at the Sakhir circuit on April 2 after the grand prix there. The 19-year-old, who won the European F3 title last year and is a member of Ferrari's young driver academy, will also test Alfa Romeo's new car on the Wednesday. "I am really looking forward to what I'm sure will be a great experience," he said. "But for the moment, I am consciously putting all thoughts of the test to one side, because I am also very much looking forward to competing in my first F2 race and would like to focus 100 percent on the weekend to come." Britain's Callum Ilott, who is also in Formula Two this season and is another Ferrari academy member, will make his F1 test debut with Ferrari-powered Alfa in Barcelona in May after the Spanish Grand Prix. Schumacher's father, who has not been seen in public since suffering severe head injuries in a skiing accident in 2013, won five of his record seven Formula One titles with the Italian team between 2000-04 and holds the record of 91 wins. Ferrari principal Mattia Binotto said the team's current driver Charles Leclerc was proof of the worth of the academy as a high level training program for talented youngsters. "Mick, who joined the FDA in January, and Callum, who has been with us since 2017, are definitely drivers on their way up," he said. "I believe that driving the SF90 in an official setting such as the tests in Bahrain and Barcelona can be very useful at this stage in their career." Motorsports Alfa Romeo Ferrari Racing Vehicles F1 michael schumacher