2012 4cyl Automatic Leather/cloth Seats Bluetooth Sirius One Owner on 2040-cars

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Auto Mergers and Acquisitions: Suicide or salvation?

We love the Moses figure. A savior riding in from stage right with the ideas, the smarts, and the scrappiness to put things right. Alan Mullaly. Carroll Shelby. Lee Iacocca. Andrew Carnegie. Steve Jobs. Elon Musk. Bart Simpson. Sergio Marchionne does not likely view himself with Moses-like optics, but the CEO of Fiat Chrysler Automobiles recently gave a remarkable, perhaps prophetic interview with Automotive News about his interest and the inevitability of merging with a potential automotive partner like General Motors. Marchionne has been overtly public about his notion that GM must merge with FCA. For a bit of context, GM sold 9.9 million vehicles in 2014, posting $2.8 billion in net income, while FCA sold 4.75 million units and earned $2.4 billion in net income, painting a very rosy FCA earnings-to-sales picture. But that's not the entire picture. Most people in the auto industry still remember the trainwreck that was the DaimlerChrysler "merger" written in what turned out to be sand in 1998. It proved to be a master class in how not to fuse two companies, two cultures, two continents, and two management teams. Oh, it worked for the two individuals at both helms pre-merger. They got silly rich. And the industry itself was in a misty romance at the time with mergers and acquisitions. BMW bought Rolls-Royce. Volkswagen Group bought Bentley, Bugatti, and Lamborghini, putting all three brands into their rightful place in both products and positioning. No marriages there, so no false pretense. Finally, Nissan and Renault got married in 1999. A successful marriage requires several rare elements in this atmosphere of gas fumes and power lust. But a successful marriage requires several rare elements in this atmosphere of gas fumes and power lust, the principle part being honesty. Daimler and Chrysler lied to each other. The heads of each unit, the product planners, and finance all presented their then-current and long-range forecasts to each other with less-than-forthright accuracy. Daimler was the far greater equal and no one from the Chrysler side enjoyed that. The cultures were entirely different, too, and little was done to bridge that gap. Which brings me back to the present overtures by Marchionne to GM. "There are varying degrees of hugs," Marchionne stated in the Automotive News piece. "I can hug you nicely, I can hug you tightly, I can hug you like a bear, I can really hug you." Seriously?

Abarth 695 Biposto revealed as quickest Fiat 500 yet

The Fiat 500 is supposed to be a budget model - something you can pick up with less than twenty grand to your name. But once Abarth gets its hands on it, all bets are off. The Scorpion brand is charged with getting the most performance it can out of budget-oriented vehicles like the Cinquecento and Punto, and that's just what it's done with the new 695 Biposto.
Billed as the "fastest street legal Abarth ever" (quickest?) and unveiled at the Geneva Motor Show, the 695 Biposto packs a 1.4-liter turbo four that's been tuned to produce 190 horsepower - a good thirty more than the already entertaining Fiat 500 Abarth we get in the United States. With a robust power-to-weight ratio - the highest in its class, according to the Italians - the 695 Biposto can hit 62 miles per hour from a standstill in just 5.9 seconds, more than a second quicker than the US model.
Now if you saw the name Biposto and figured out that means just two seats, you're spot on: in its campaign to trim excess fat, Abarth has ditched the rear bench and replaced the front seats with a set of Sabelt racing buckets with four-point harnesses anchored where the rear seats would be. The fixed plexiglass front side windows do their part, too. It's also been fitted with adjustable shocks, an MXL digital data recorder, a titanium rear roll bar, Brembo brakes and 18-inch OZ alloys.

2024 Fiat 500e First Drive Review: Reborn EV packs style, plays music out its bumper

MIAMI – It's been hard times for Fiat fans. The brand discontinued its 500 model line after 2019, leaving only the four-door crossover-ized 500X on sale, and while it planned to introduce the replacement for its 500e electric city car around that time, a little pandemic threw a wrench in the works. Now, in 2024, the folks from Turin are finally ready to let Americans taste the Dolce Vita offered by that new 500e. Has the wait been worth it? I went to Miami to find out. As you'd expect, the 2024 Fiat 500e is once again a fully electric city car. Unlike its predecessor (2013-2019), this 500e feels like a more complete EV package than a "compliance car" meant to satisfy regulations in states like California. The "New Fiat 500" has been on sale in Europe since 2020, so while this is a new model for the United States, it's by now a well-established platform. Like the old 500e, the 2024 500e features a front-wheel-drive layout, with a permanent magnet motor providing a whopping 117 horsepower and 162 pound-feet of torque. That motor is paired with a 42-kilowatt-hour battery (around 38 of which is usable, per Fiat engineers) for an EPA-estimated range of 141 with all-season tires. That doesn't sound like a lot – and it isn't – but this isn't a vehicle designed for long road trips or super-commuters. Fiat claims a 0-60 time of 8.5 seconds and a top speed of 94 mph, but I suspect that driving at that speed would be trouser-browningly sketchy. Not that the 500e feels unstable around town (Fiat didn't include any highway driving during my brief stint with the car). It offers the kind of quick, accurate steering and subcompact agility that made the original 500e so much more fun to drive than it needed to be. The steering is light but not overly so and offers a very tight turning circle of just 31.5 feet, making the "Oh wait, there's a parking spot! Get it!" maneuver much easier than it would be in a larger vehicle. While the steering is awesome, the 500e's ride isn't as pleasant. It's not unladen-full-size-truck brutal by any means, but calling it busy over broken city streets feels like a charitable way of putting it. This isn't an expensive car with sophisticated suspension, and, again, given its intended use case, I wouldn't count the ride as a huge point against it. One of the biggest leaps forward from the old 500e to this new version is the addition of DC fast charging capability.