1971 Fiat 500l Restored And Shipped From Italy To California on 2040-cars
United States
The Fiat 500 (Italian: Cinquecento, Italian pronunciation: [?t?i?kwe't??nto]) is a city carproduced by the Italian manufacturer Fiat between 1957 and 1975. Launched as the Nuova (new) 500 in July 1957,[2] it was a cheap and practical town car. Measuring only 2.97 metres (9 feet 9 inches) long, and originally powered by an appropriately sized 479 cc two-cylinder, air-cooled engine, the 500 redefined the term "small car" and is considered one of the first city cars. The deluxe 500L was introduced in 1968 alongside the standard 500F. Both models were mechanically identical with the differences between the two being cosmetic enhancements and an improved interior on the 500L. Almost 3,000,000 of these models were sold when production ceased in 1975. This 1971 Fiat 500L was purchased in Naples, Italy in 2011 after an extensive restoration. The goal was to keep all parts original whenever possible and that was done successfully by the previous owner, who continued to visit the car and carry out the maintenance on the car after we purchased it. It was shipped over to San Diego in Spring of 2013, where it has been used as a weekend car around beautiful Coronado. The car runs well, has been maintained and cared for well. We cover it when it rains and the interior show that. There is some rust to the fenders, but otherwise is in very nice shape. |
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The first order of business is a legal dispute over the value of the UAW's stake in Chrysler, which the report indicates could cost Fiat around $3.5 billion. The acquisition of remaining shares could happen by this summer, but it sounds like CEO Sergio Marchionne (above) might not be ready for a full merger until next year.
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At the moment, it's all still very much a rumor, but the purchase would certainly seem to help the motorcycle company. However, according to Asphalt and Rubber, the business would need a lot of cash to grow and sustain itself. Fiat might not want to invest so much into a brand that may never be a huge moneymaker.
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