2012 Fiat 500 C Lounge Convertible Navigation Leather Bose Audio Green Coupe on 2040-cars

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Fiat board makes Chrysler merger official, approves $5.4B bond sale

Fiat's board of directors has officially approved the merger plan that will see the conglomerate's automotive operations merged with Chrysler into the new Fiat Chrysler Automobiles.
The plan essentially provides a road map for the structure of the new company. It includes provisions for Fiat shareholders - one Fiat share will translate to one share of FCA common stock. The new company will also include a loyalty voting structure, which will provide for shareholders of Fiat stock or those that have held FCA stock for at least three years. According to the plan, these shareholders would see their voting power double, with two votes for every share of FCA's common stock. The overall merger plan still needs to be approved by the company's shareholders.
In other Fiat-related news, the company's board has announced a bond issuance of four billion euro ($5.4 billion). The new bonds should provide the company with a degree of flexibility in refinancing debts associated with the merger plan.

What a 28.5-liter LSR engine sounds like firing up for the first time in 100 years

Racecars seem to keep getting quieter these days, and if electric vehicles and fuel cells ever fully take over motorsports, then the bang, pop and growl of internal combustion engines may be gone for good. This clip of a Fiat S76 land speed record racer awaking after over a century of being dormant shows just what we would miss so much. The four-cylinder engine in this Fiat displaces about 28.5 liters, making it among the largest automotive engines ever, and it gives each cylinder around as much capacity as the whole mill in a Chevrolet Camaro Z/28. Once this thing starts firing with no exhaust in place, the look and sound is like a demon at work with a rain of fire and sparks. This clip is just the trailer for a documentary called the Beast of Turin chronicling the history of this period of racing. The movie also focuses on the rebuild and restoration of the S76 after over 100 years. If the rest of the film lives up to this tease, then it looks like something to watch for.

Junkyard Gem: 1985 Bertone X1/9

Sales of the Fiat X1/9 began in the United States in 1974, and the price tag was very reasonable for a mid-engined Italian two-seater. For a time, these cars were common sights on American streets, at least in non-rusty areas. Then Americans became disillusioned with the Fiat brand, and the company folded its tent and departed the continent after 1982, not returning until 2010. Automotive dealmaker Malcolm Bricklin saw an opportunity at that point, and his company began bringing in 124 Sport Spiders badged as Pininfarinas and X1/9s badged as Bertones. Here's an '85 Bertone in a California wrecking yard. Fiat had hired Bertone to design the X1/9 in the first place, so the badging change wasn't so jarring to those Americans familiar with the car's history. Bricklin introduced Subaru cars to the United States in the late 1960s, started his own car company in the middle 1970s, then went on to bring a Yugoslavian-built Fiat 127 variant to these shores, via the same company that was already bringing in the X1/9. Power came from what amounted to a Fiat 128 engine/transaxle assembly, mounted just behind the rear window. In 1985, the Bertone X1/9 had 75 horsepower and weighed just over a ton. This car still has the allegedly valuable hardtop. I'm pretty sure that every American X1/9 owner has several of these stashed away by now. Optimistically, Bertone used a six-digit odometer in this car. 188,285 miles would have been pretty respectable in a 1985 Corolla, never mind a Fiat known for shaky electrical systems and poor build quality. I still see quite a few X1/9s in the big self-service wrecking yards, and even more 124 Sport Spiders. The seat upholstery is very stylish. I checked this car's VIN on the California smog-check database, which shows that it last passed the emissions test in 2009. Perhaps something broke soon after that and the car awaited repairs that never came. It has both a trunk and a frunk. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Just a thing for a nice leisurely drive on a salt flat.