2013 Fiat 500 Abarth - 2700 Miles! Superb Condition! on 2040-cars

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Mike Manley named CEO of FCA amid Sergio Marchionne health crisis

Mike Manley has been immediately granted "all the powers of CEO" of Fiat Chrysler Automobiles. In a statement, FCA said its Board of Directors made this decision "in order to provide for his full authority and operational continuity for the company." Manley, who has been at the helm of Jeep since 2009 and Ram since 2015, is expected to be named an executive director for FCA after the next shareholder's meeting. In a similar statement, Ferrari said it had "named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO." CNH Industrial, a company that makes trucks, agricultural, and industrial equipment and which Marchionne also chairs, named Suzanna Heywood, as his replacement. Sergio Marchionne, who had served as CEO of both FCA and Ferrari, suffered "unexpected complications" as he was recovering from surgery performed earlier this month. FCA's statement adds that these complications "have worsened significantly in recent hours." Marchionne, credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004, had been due to step down as the head of Fiat Chrysler next April. His internal successor had yet to be named. Marchionne had previously said he planned to stay on as Ferrari Chairman and CEO until 2021.Reuters contributed to this report.Related Video: Image Credit: Mark Thompson/Getty Hirings/Firings/Layoffs Chrysler Ferrari Fiat Sergio Marchionne

GM, FCA retain financial advisors amid merger rumors

Well, here we go again. Despite allegedly shutting down the idea of a merger, General Motors has retained financial advisors to, well, advise it on Fiat Chrysler Automobiles' advances. GM brought in New York-based Goldman Sachs, while FCA is currently working with Switzerland's UBS. Another source told Reuters that GM was working with Morgan Stanley, as well. But what does all this mean? Well, as we know, FCA boss Sergio Marchionne still has his eyes set very much on merging his automaker to combat what he claims are the prohibitive costs that come from developing today's vehicles. And while GM has said "no thanks," to a merger, the FCA boss is still looking to shareholders of the world's third-largest automaker to force the issue. Rather than a sign of an impending merger, voluntary or otherwise, between the two automotive powers – analysts called a hostile move by FCA "beyond ambitious," after all – retaining financial advisors on both sides could be viewed as just good business. News Source: ReutersImage Credit: Paul Sancya / AP Chrysler Fiat GM Sergio Marchionne FCA

Icon's 1966 Fiat Giardinetta is a quaint electric city car

If city cars are the ideal candidates for electric powertrains, then the compact Fiat 500 is near perfect for the green technology. Fiat currently offers a brand-new 500e, but for those who like an old-school vibe, Icon 4x4 has just the number. In collaboration with Stealth EV, Jonathan Ward and his team converted a gorgeous 1966 Fiat 500 Giardinetta to full battery electric. Dubbed the Fiat Giardinetta EV Derelict, due to the maintenance of the original car's exterior, this 1966 gem was able to fit electric components while keeping its four-seat configuration. The car has six Tesla-sourced batteries, two in the front and four in the rear to keep things balanced. It uses an Orion battery management system and an AC35 motor. The suspension was bolstered up with coilovers, a bigger panhard bar was added, and the car now uses upgraded disc brakes. Hilariously, it has similar, if not better, specs than Fiat's current 500e. Icon and Stealth EV claim the car has about 80 horsepower and about 100 pound-feet of torque. Using a single-speed gearbox, it revs up to 5000 rpm, and due to the electric powertrain, has 100 percent of its torque the entire way up. The battery kit was able to achieve 120 miles of range at 65 mph in a test run, and the company estimates it could reach 150 miles on a single charge when driven in less taxing city conditions. Keep in mind, this car only has heat but no air conditioning (cold air was possible, but it would be pricey and isn't really necessary when it already has a retractable top). Extra Icon modifications included new weather stripping, new glass seals, and added Dynamat to quiet the old car down. Icon also reupholstered the seats with marine-rated vinyl and incorporated a few Italian leather accents. According to Stealth EV, similar battery modules are available for around $1,500 (remember there are six of these modules in this Fiat) and the kit is not a one-off-specific job. Now that they have the CAD specs, the setup could be replicated fairly easily. We suddenly want a completely impractical mini station wagon. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.