2013 Fiat 500 Abarth on 2040-cars

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European car sales up 8% in February

Three weeks ago an analyst increased projections for European car sales this year, expecting them to climb three percent compared to last year instead of 2.7 percent. That number is a postive sign after years of hard times but it turns out February was especially good, overall European sales climbing eight percent on a wave of southern European recovery and discounts - and this comes after five months of gains including January's 7.2-percent jump over the year before.
The only country of Europe's five largest markets to post a decline was France, just as it did in January, Germany, the UK and Italy posting solid double-digit numbers, Spain rocking the charts with an 18-percent increase because of a government program to encourage trade-ins.
The only brand to miss the wave was Volkswagen, dropping 0.8 percent as it watched the double-digit growth at sister brands Audi, Seat and Skoda lift the Volkswagen Group sales up by seven-percent. Peugeot overcame flat sales at Citroën to improve the group by 3.5 percent, BMW and the Mercedes-Benz/Smart combo rose by four percent, the Fiat group jumped 5.8 percent, Ford was up 11 percent, the Renault Group 11.5 percent, General Motors 12 percent and the Toyota clan by 14 percent.

Dongfeng and PSA extend Chinese joint venture

BEIJING/PARIS — China's Dongfeng and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA). Dongfeng said on Thursday it had agreed with PSA to extend the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA). Under the deal, the venture could get the rights to PSA's new brands in China and will benefit from new technologies and intellectual properties, the Chinese company said. PSA was not immediately available for comment. The announcement comes a day after the companies said Dongfeng would reduce its 12.2% stake in PSA by selling 30.7 million shares to the French company. Analysts said the move could smooth U.S. regulatory approval for PSA's roughly $50 billion (GBP38.97 billion) merger with Italian-American carmaker FCA. The sale of Dongfeng's shares in PSA, worth around 680 million euros ($757 million), will leave the Chinese group holding around 4.5% of the merged PSA-FCA, which is set to become the world's fourth-biggest carmaker by sales volumes. "As the cooperation between Dongfeng and PSA deepens, we expect the joint venture to continue making good progress in China," a Dongfeng representative said. On a conference call, Dongfeng said DPCA would have exclusive rights to PSA's Opel cars should the partners agree to bring the brand to China, and enjoy lower prices on car parts imported from PSA. Earlier this year, a document seen by Reuters showed Dongfeng and PSA plan to cut jobs at Wuhan-based DPCA and reduce its number of car plants to try to make the venture more profitable. Chrysler Dodge Fiat Jeep RAM Citroen Peugeot China FCA PSA Dongfeng

Fiat teases upcoming new 124 roadster

Enthusiasts have been waiting for some time for the debut of the Fiat 124. And we've had some pretty good glimpses at what to expect along the way. But now Fiat has dropped the first official teaser images to prepare us for the arrival of its upcoming new roadster. The model tipped to revive the number 124 represents Fiat's version of the program that has already given us the new Mazda MX-5 Miata. The Italian counterpart was originally slated to wear the Alfa Romeo badge, but concerns that customers wouldn't welcome an Alfa made in Japan led FCA to repurpose the program as a Fiat. That brand already produces its vehicles in locations around the world, including the 500 in Poland and Mexico, the 500L in Serbia, and the upcoming Tipo in Turkey. Another Fiat made in Japan, then, wouldn't be as much of a stretch as it would be for Alfa Romeo, which manufactures exclusively in Italy. As we were able to see from the most recent spy shots, the Fiat 124 will adopt similar (if not identical) proportions and layout to the MX-5, but with its own unique sheetmetal. And that, as you can see from these line drawings, will include a prominent belt line melding into a muscular rear haunch. Expect FCA's own engines to slot in under the hood, including the turbo four from the Fiat 500 Abarth and the more potent one from the Alfa Romeo 4C. Given Fiat's timing in releasing these teasers, we have a good feeling the 124 could debut at the LA Auto Show later this month. The SoCal auto expo always proves a good setting at which to unveil a new convertible – especially one as vital to a brand's US presence as the 124 will be for Fiat. So watch this space.