Find or Sell Used Cars, Trucks, and SUVs in USA

2013 Fiat 500 Abarth on 2040-cars

US $10,999.00
Year:2013 Mileage:53185 Color: White /
 Black
Location:

West Hollywood, California, United States

West Hollywood, California, United States
Advertising:
Body Type:Convertible
Transmission:Manual
Fuel Type:Gasoline
For Sale By:Dealer
Vehicle Title:Clean
Engine:1.4L Gas I4
Seller Notes: “Excellent Condition, Clean CA Title”
Year: 2013
VIN (Vehicle Identification Number): 3c3cffjh8dt666863
Mileage: 53185
Interior Color: Black
Trim: ABARTH
Number of Seats: 4
Number of Cylinders: 4
Make: Fiat
Drive Type: FWD
Fuel: gasoline
Model: 500
Exterior Color: White
Number of Doors: 2
Condition: UsedA vehicle is considered used if it has been registered and issued a title. Used vehicles have had at least one previous owner. The condition of the exterior, interior and engine can vary depending on the vehicle's history. See the seller's listing for full details and description of any imperfections. See all condition definitions

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Ferrari raises $893M, valued at $12B

Wed, Oct 21 2015

Ferrari's stock is moving as quickly on the New York Stock Exchange as the brand's iconic sports cars do on the road. The company's incredibly popular initial public offering has already raised $893.1 million by virtue of 17.18 million shares sold for $52 apiece. If the deal's underwriters buy in as well, the figure would grow to $982.4 million. Plus, even after shouldering some of FCA's debt, the automaker carries an enterprise value of $12 billion, Bloomberg reports. Just as the company starts trading on the New York Stock Exchange, the share price is already racing upward, too. As of this writing, Ferrari stock, which is listed under the symbol RACE, is priced at $57.59. At its high so far today, the value reached as high as $60.95. While Ferrari is looking strong, the big winner in this success looks to be FCA because the company should raise $4 billion in the spin-off, according to Bloomberg. With nine percent of the sports car maker on the NYSE and one percent for the underwriters, another 80 percent will be distributed to FCA investors in 2016. When that's through, Exor, the holding company for the Agnelli/Elkann family, should have the largest stake at about 30 percent. Piero Ferrari holds the remaining 10 percent and has no intention to sell it. Related Video: FCA Announces Pricing of Initial Public Offering of Ferrari N.V. Common Shares Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari N.V. ("Ferrari") announce today the pricing of Ferrari's initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.1 million ($982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016. UBS Investment Bank is acting as Global Coordinator for the offering.

2015 Fiat 500C Abarth Automatic

Fri, Mar 27 2015

"I would not, could not in a tree. Not in a car, you let me be. I do not like them in a box. I do not like them with a fox. I do not like them in a house. I do not like them with a mouse. I do not like them here or there. I do not like them anywhere. I do not like green eggs and ham. I do not like them Sam-I-Am." Why am I quoting Dr. Seuss' classic children's tale in the review of a small Fiat? Well, much like oddly colored eggs and ham, for the 500C Abarth, Fiat has taken something formerly palatable and added a rather bizarre quality – a six-speed automatic transmission. "I do not like an auto trans," I said. "I'd only drive it in a van." What would happen to the 500 Abarth's hilariously charming and flawed character? Isn't an automatic gearbox diametrically opposed to the cheap and cheerful driving pleasure inherent in the scorpion-badged Cinquecento? After a week behind the wheel, I was shocked to find that the auto Abarth is nearly as entertaining as its clutch-equipped counterpart. Driving Notes The Aisin six-speed automatic is beefed up for the higher torque of the hot 500 Abarth, and the final drive ratio is shorter. Despite the Abarth's spicier character, the shifter retains the same PRNDL pattern and piano-black surround as the standard 500. While I laud Fiat for offering a correct shifter layout to the manual-shifting scheme – pull to upshift and push to downshift – that smart move is overshadowed by the lack of wheel-mounted paddle shifters. There's not much else to complain about with the new automatic, because on the road it delivers similar performance to the five-speed manual. Upshifts are smooth and quick in the standard setting, and only get sharper if you push the Sport button on the dash. On top of that, wide-open-throttle upshifts show off the sonorous voice of the Abarth-tuned exhaust. It pops and cracks and belches in a horribly, hilariously anti-social way. I love it. The twin pipes are just as vocal on the rev-matched downshifts. The gearbox isn't as quick to drop ratios as some of its two-pedal competitors, like the dual-clutch-equipped Volkswagen GTI or even the traditional automatic offered in the Mini Cooper S (coincidentally also an Aisin unit). That said, the difference isn't significant enough to count as a major demerit. One minor change with the transmission is the power output. While the manual model has 160 horsepower, the auto drops to 157. Torque, though, is up from 170 pound-feet to 183 lb-ft.

Rising aluminum costs cut into Ford's profit

Wed, Jan 24 2018

When Ford reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminum prices have risen 20 percent in the last year and nearly 11 percent since Dec. 11. Steel prices have risen just over 9 percent in the last year. Ford uses more aluminum in its vehicles than its rivals. Aluminum is lighter but far more expensive than steel, closing at $2,229 per tonne on Tuesday. U.S. steel futures closed at $677 per ton (0.91 metric tonnes). Republican U.S. President Donald Trump's administration is weighing whether to impose tariffs on imported steel and aluminum, which could push prices even higher. Ford gave a disappointing earnings estimate for 2017 and 2018 last week, saying the higher costs for steel, aluminum and other metals, as well as currency volatility, could cost the company $1.6 billion in 2018. Ford shares took a dive after the announcement. Ford Chief Financial Officer Bob Shanks told analysts at a conference in Detroit last week that while the company benefited from low commodity prices in 2016, rising steel prices were now the main cause of higher costs, followed by aluminum. Shanks said the automaker at times relies on foreign currencies as a "natural hedge" for some commodities but those are now going in the opposite direction, so they are not working. A Ford spokesman added that the automaker also uses a mix of contracts, hedges and indexed buying. Industry analysts point to the spike in aluminum versus steel prices as a plausible reason for Ford's problems, especially since it uses far more of the expensive metal than other major automakers. "When you look at Ford in the context of the other automakers, aluminum drives a lot of their volume and I think that is the cause" of their rising costs, said Jeff Schuster, senior vice president of forecasting at auto consultancy LMC Automotive. Other major automakers say rising commodity costs are not much of a problem. At last week's Detroit auto show, Fiat Chrysler Automobiles NV's Chief Executive Officer Sergio Marchionne reiterated its earnings guidance for 2018 and held forth on a number of topics, but did not mention metals prices. General Motors Co gave a well-received profit outlook last week and did not mention the subject. "We view changes in raw material costs as something that is manageable," a GM spokesman said in an email.