1958 Fiat 500 on 2040-cars

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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

2020 Fiat 124 Spider Abarth gets ‘Scorpion Sting' appearance package

There’s currently a cloud of uncertainty surrounding much of the Fiat lineup, and especially the 124 Spider after the brandÂ’s CEO, Olivier Francois, was recently quoted as saying that FiatÂ’s sporty cars “have no legitimacy” and the brand needs to focus elsewhere in the future. It recently pulled the convertible from the U.K., and through the first six months of the year here in the U.S., it had sold a mere 1,528 models, down 19%. (Fun fact: for the first half of 2019, the entire brand sold just 5,103 models, down 38% from the prior year.) But forget all that for now, because Fiat is in denial celebration mode, marking the brandÂ’s 120th anniversary and the 70th anniversary of its Abarth performance sub-brand. To commemorate the occasion, Fiat is offering a “Scorpion Sting” appearance package on the 2020 model-year 124 Spider Abarth. Most prominent is the rosso scorpion hood decal that harkens to the Abarth badge and founder Karl AbarthÂ’s astrological sign. There are also nifty stripes in the same color that run along the length of the roadsterÂ’s lower body. It's available now for $395, and that pretty much wraps it up. Fiat re-introduced the 124 Spider at the L.A. Auto Show in 2015 as a car based on the Mazda MX-5 MiataÂ’s platform, but with its own Italian design and the 1.4-liter turbo-four engine from the 500 Abarth, offering 164 horsepower and 184 pound-feet of torque. Fiat added new options for the roadster for 2019, including a dual-mode “Record Monza Exhaust” for added growl, plus various appearance packages.

FCA goes natural with CNG fleet

FCA Transport, the fleet of tractor trailers owned by FCA US that hauls parts from suppliers and to assembly plants, is going green. By converting its 179 trucks from diesel to compressed natural gas, CO2 emissions will drop by 16,000 tons per year based on the cumulative 16 million miles the fleet covers annually. That is roughly equivalent to the yearly energy use of 1,500 homes, the same as not burning more than 17 million pounds of coal. FCA says rolling out the largest CNG-powered truck fleet in Michigan took two years to execute and a $40-million investment, including $5 million to build the largest private CNG station on the continent. It also required the assistance of Cummins, Allison Transmission, and Agility Fuel Systems. There is an upside for FCA Transport in all of this: the company estimates fuel savings of 35 percent from not having to buy 2.6 million gallons of diesel every year. It's probably no coincidence that this announcement comes as world leaders tackle the same problems at the Paris Climate Change Conference. The press release below has more. FCA US Launches Largest Private Fleet of Natural Gas-Powered Semitrucks in the State of Michigan- Company announces $40 million investment in Detroit to convert 179 parts-hauling trucks to compressed natural gas (CNG)- Investment includes facility and infrastructure upgrades and the installation of the largest private CNG fueling station in North America- Fleet's transition to CNG will reduce CO2 emissions by more than 16,000 tons per yearDecember 4, 2015 , Detroit - FCA US LLC announced today that it has invested $40 million in FCA Transport, the FCA US-owned truck fleet, to convert its 179 Detroit-based parts-haulers to run on compressed natural gas (CNG) rather than traditional diesel. The move gives FCA the largest private fleet of CNG-powered heavy-duty vehicles in the state of Michigan."Our transition to CNG reflects the way FCA US attempts to balance our search for profitability with social responsibility and community development, including environmental stewardship," said Steve Beahm, Senior Vice President – Supply Chain Management, FCA – North America. "This project was a win-win-win – it offered a solid business case, clear environmental benefits and an opportunity to invest in our Detroit facility and workforce."FCA Transport, built in 1965, is located on Lynch Road in Detroit, just across from the Detroit City Airport.