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

Auto blog

Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

2017 Fiat Model Year Preview and Updates

With the 'new' having worn off of Fiat's 500, it's left to the FIAT 124 SPIDER to heat up the Fiat showroom. 124 Spider: The Fiat two-seater is all-new, and from a branding perspective a return to a designation popular with Fiat fans throughout the '70s. This, however, is more Hiroshima than Turin. Its platform is shared with Mazda's Miata, while Fiat supplies its own brand-specific sheetmetal and drivetrain. 500: Despite its relative freshness here in the States, the 500 is in its tenth year of global production. Changes in '17 are both minor and substantive. For the convenience of buyers (and sanity of dealers) trim levels are reduced to Pop, Lounge and Abarth; window stickers are lowered across the lineup; and options that were once available only in packages are now offered separately. The end result is some surprisingly good price points, from top (Abarth) to bottom. 500L: Fewer trim levels and lower prices, while still failing to answer the question: Why is this sold in the US? 500X: An Italianate take on the Jeep Renegade, which itself is a Jeep-oriented take on the 500X. Like the other models in the Fiat lineup, trim levels on the 500X are reduced to three – Pop, Trekking and Lounge – while the window stickers are lowered and options are now available separately.

Fiat adds Adventurer Edition package to 2018 500X compact crossover

Fiat says it will offer the 2018 500X in a new Adventurer Edition package starting this summer, adding a rugged outdoors theme to its quirky Italian subcompact crossover. The Adventurer Edition is based on the 500X Trekking model, and its more sporty front and rear fascia designs. It adds 18-inch aluminum wheels, black roof rails, crossbars, orange mirror caps and body-side graphics along the bottom of the doors. It also gets front and rear splash guards. Inside, buyers get a molded rear cargo tray and all-weather front and rear slush mats. It'll come in a choice of four exterior paint colors: a white clear coat, black clear coat, graphite grey and grey metallic. Interior color choices are black or brown. The 500X Trekking is equipped with a naturally aspirated 2.4-liter inline-four-cylinder engine that produces 180 horsepower and 175 pound-feet of torque and is mated to a nine-speed automatic. It's available with front- or all-wheel drive, the latter of which uses a disconnecting rear axle to improve efficiency when all-wheel-drive isn't needed. It also comes with a slew of advanced safety technologies and a Uconnect 7-inch infotainment touchscreen. Choosing the Adventurer Edition package will add $945 to the $24,680 starting price for front-wheel drive and the $26,580 floor for all-wheel-drive-equipped version. Both include Fiat's $995 destination charge. Related Video: