2012 Fiat 500 Gucci Edition, Excellent Condition, Drives Great on 2040-cars

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Junkyard Gem: 1974 Fiat X1/9

There was a time when the Fiat X1/9 was a fairly common sight on California roads, alongside Triumph Spitfires, MGBs, and other cheap European sports cars. The little two-seater got good fuel economy, could find parking spots on crowded city streets, and had Italian good looks. The X1/9 wasn't so robust, though, and most of them were gone by the dawn of the 1990s. This rusty, battered survivor managed to avoid the fate of most of its brethren until age 42, but now its time has come. Judging from the sun-bleached paint and rust inside the air cleaner, though, this car hadn't been a runner for quite a while, perhaps decades. My guess is that it sat in a Northern California back yard for many years, awaiting a restoration that never came. I have put in some time daily-driving an X1/9, back in the middle 1980s, and I recall it being very enjoyable to drive in the city and on twisty mountain roads. It was much less enjoyable on freeway onramps, thanks to the Fiat 128-sourced 1.2-liter four-cylinder engine behind the seats (the X1/9 got a 1.5-liter engine later on). In 1974, this car was rated at 66.5 horsepower. Yes, Fiat claimed the half-horse, just as British Leyland did with the 62.5 hp MGB later in the 1970s. This one is nowhere near worth restoring, though some of its pieces will find new life in nicer X1/9s (or 128s). This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Pretty much the same thing as a Lamborghini Countach!

Audi rumored to buy Alfa Romeo, officials deny it

For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, all that jousting might be over: it claims that sources close to both Marchionne and Audi CEO Rupert Stadler admit that the two are in talks for Audi to buy not just Alfa Romeo, but a production plant in Italy. In fact, a final deal could possibly include partsmaker Magnetti Marelli.
Against that backdrop, a report by German news weekly Stern quotes a Fiat spokesmen as saying it doesn't comment on rumors and an Audi rep has said flatly that "There is no substance in the news." If a sale is being arranged, the timing would seem to point to how eager Fiat is to raise cash to complete its major initiatives. Even though Alfa Romeo continues to delay its return to the US, it just showed off the production version of the 4C at the Geneva Motor Show (shown above) and said that preferred Fiat dealerships here would get them. Then there's Alfa's recently concluded deal with Mazda to develop a roadster based on the next generation MX-5 Miata - a deal that would seem to help both the Italian and Japanese brands.
The monetary issues are troublesome, though. Fiat is taking a beating in the European market and its weak-kneed balance sheet is delaying gotta-have-it products like the Jeep Cherokee. Fiat has been talking to banks about getting money to buy the rest of Chrysler and those financial institutions have also raised issues about debt and cash reserves, and the nasty game of chess Fiat is playing with the United Auto Workers (and now the court system about the portion of Chrysler it doesn't own) could end up blowing another hole in Marchionne's plans. It is possible that this could finally have convinced Fiat to at least see how serious Audi's parent company, Volkswagen, is about buying Alfa Romeo. Or it could be just another rumor.

Fiat Chrysler's London offices will be small, with financial focus

Fiat Chrysler's decision to locate its new corporate headquarters in jolly old London won't herald a sprawling relocation effort. Instead, it's very likely that the FCA outfit will be a small one, primarily focused on finance.
The report comes from Automotive News Europe, which claims FCA's London office will employ about 50 people with backgrounds in finance. CEO Sergio Marchionne and Fiat Group Chairman John Elkann will both have offices at the corporate headquarters, as well.
ANE cites an anonymous source that claims the people employed at the London office will focus primarily on treasury operations. It's unlikely that FCA will take on any additional employees specifically for its UK offices. That said, FCA isn't likely to downsize either its Turin or Auburn Hills offices once London comes online.