2013 Fiat 500 on 2040-cars

Auto blog

Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler

ROME — Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA)  Italian unit, a source said, paving the way for the largest crisis loan to a European carmaker. The source said Italy's audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved. The court's approval follows an earlier endorsement by the economy ministry. "The audit court authorized the decree," said a source close to the matter, asking not to be named because of its sensitivity. FCA's Italian division has tapped Rome's COVID-19 emergency financing schemes to secure a state-backed, three-year facility to help the group's operations in the country, as well as Italy's car sector in which about 10,000 businesses operate, weather the crisis triggered by the coronavirus emergency. The loan will be disbursed by Italy's biggest retail bank Intesa Sanpaolo, which has already authorized it pending the approval of guarantees the government will provide on 80% of the sum through export credit agency SACE. The request for state support has sparked controversy because FCA is working to merge with French rival PSA and the holding for the Italian-American carmaker is registered in the Netherlands. FCA's global brands include Fiat, Jeep, Dodge and Maserati. It was not immediately clear what conditions, if any, Italy has set as part of the guarantees and whether they would affect FCA's planned 5.5 billion euro ($6.2 billion) extraordinary dividend, which is a key element in the merger with PSA. FCA, whose shares were down 0.5% by 0908 GMT, had no immediate comment.   Earnings/Financials Chrysler Fiat Peugeot Italy

Lapo Elkann calls out Renault Twingo for copying Fiat 500 [w/poll]

Small cars are becoming big business, especially for European automakers that are amping up the style. But is each new Euro city car's style unique?
Lapo Elkann is calling that into question. The brother of Fiat chairman John Elkann and the grandson of his late predecessor Gianni Agnelli is known as much as a style icon as he is for his work within the Fiat Group, which he has served in various capacities. He's combined the two by birthing various special editions of the Fiat 500 like the Gucci edition (to say nothing of his own denim-clad Ferraris), but now his eye is fixed on another European city car: the new Renault Twingo.
Posting photos of both vehicles on his Facebook page, Lapo is calling Renault out for what he sees as copying the Cinquecento's design.

2015 Fiat 500L Living [w/video]

Turning The World's Largest Fiat Into A Larger Three-Row MPV
We've explored every offering of the Fiat 500 family meant for the United States, plus all of the Abarth variations. But the 500 now also comes super-sized; we recently attended a drive of the larger 2014 Fiat 500L people-mover and its Trekking edition, and found them both to be generally enjoyable. We Americans, however, are suckers for anything that comes in an even bigger size than Large, so witness this Fiat 500L Living, which will be landing on our shores sometime in late 2014.
The essential benefit here is that this 500L is bigger (i.e. longer) by 8.3 inches, thereby adding cargo space and, to our eyes, filling out the natural profile of the slightly scrunched design of the standard 500L. You can maximize your 500L Living cargo space to 59.7 cubic feet by knocking down all the seats, or you can opt for the "+2" seating arrangement that sacrifices 3.5 cubic feet of volume for a tantalizing third row of chairs that seems to turn some consumers into dogs of Pavlov, no matter the degree of usefulness of said added row.