2012 Fiat 500 Lounge Hatchback 2-door 1.4l 5-spped 38-40 Mpg 3998 Miles on 2040-cars

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Fiats built in Morocco seized by Italian police in flag dispute

MILAN — Italian fiscal police seized more than 130 Fiat cars imported from Morocco this week on the grounds that a sticker with the colors of the Italian flag on their doors could give a false indication of their origin, a spokesman for Stellantis Italia said on Saturday. The spokesman confirmed a local media report that 134 Topolino mini-cars produced by Stellantis brand Fiat had been seized temporarily at the Italian port of Livorno on arrival from the north African country, where they were made. "The sole purpose of the sticker was to indicate the entrepreneurial origin of the product," the spokesman said, adding the group believed it had operated in full compliance with the rules. He said the design of the new Topolino — a historic model for Fiat since 1936 — was conceived and developed in Italy by a team at Centro Stile FIAT, part of Stellantis Europe, which is an Italian company. The decision to produce the new Topolino in Morocco had been clear since the new model was announced. "In any case, to resolve any issues, it was decided to intervene on the vehicles with the removal of the small stickers, subject to the green light by the authorities," the spokesman said. Italy's right-wing government and Stellantis have been at odds over the group's production choices for months, with Rome saying cars marketed as Italian products should be produced domestically. Last month, Stellantis brand Alfa Romeo said it would change the name of its new "Milano" to "Junior" to end a row with the government, which criticized the choice of an Italian name for a vehicle made in Poland. Government/Legal Fiat

FCA's profit rises ahead of Peugeot merger

MILAN — Fiat Chrysler (FCA) posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France's PSA. The Italian-American carmaker said adjusted earnings before interest and tax (EBIT) rose to 2.12 billion euros ($2.3 billion), in line with a 2.11 billion forecast in Reuters poll of analysts. That left its adjusted operating profit for the year at 6.67 billion euros ($7.34 billion), just shy of its target of over 6.7 billion euros. Its adjusted EBITDA margin came in at 6.2%, in line with its target of more than 6.1%. A trader said Fiat Chrysler results were "a touch above" expectations and the carmaker's shares in Milan were up 3.4% at 1300 GMT following the results. Fiat Chrysler and Peugeot maker PSA agreed in December to combine forces in a $50 billion deal to create the world's No. 4 carmaker, in response to slower global demand and the mounting cost of making cleaner cars amid tighter emissions rules. Chief Executive Mike Manley said last month that talks with PSA were progressing well and that he hoped to complete the deal by early 2021. FCA reiterated its plan to boost adjusted EBIT to above 7 billion euros ($7.7 billion) this year. In slides prepared for an analyst call, FCA said it was monitoring the global impact of coronavirus in China. FCA operates in the country through a loss-making joint venture with Guangzhou Automobile Group (GAC) and has a 0.35% share of the Chinese passenger car market. Reporting by Giulio Piovaccari; Additional reporting by Danilo Masoni; Editing by Stephen Jewkes, Jason Neely and David Clarke. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Stellantis' production in Italy cut by up to 220,000 vehicles

MILAN — A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would mark the fifth year in a row of declining production in the country. FIM CISL said in its periodic report on the group's production in Italy that Stellantis produced 351,890 vehicles in the first half of this year, almost 14% less than in the same period last year, with the key Melfi plant and the Sevel van-making facility being the most affected sites. Using data for the first half of the year and potential full-year production based on orders booked, the union estimates Stellantis could lose between 200,000-220,000 vehicles in 2022, said Ferdinando Uliano, the head of the FIM CISL union. "It's as if one of the group's large plants stopped for a year," he said, adding the chip supply situation was not improving this year and would also affect production in 2023. Uliano said factors including the war in Ukraine and the disruption to Russian gas supplies to Europe would only worsen the part supply situation for the automotive industry. A spokesman for Stellantis declined to comment on data and forecasts provided by FIM CISL, but repeated the carmaker had been taking decisions regarding the management of its operations on a day-by-day, plant-by-plant basis since the start of the COVID pandemic. Plants/Manufacturing Fiat Jeep