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Fiat showed off the 500 Electric in New York, should sell it here too
Thu, Apr 14 2022The New York Auto Show was pretty predictable for the most part; lots of model refreshes, trim lines and new engines. The stuff you would expect from a lot of auto shows. But there was one truly bizarre, inexplicable appearance: the Fiat 500 Electric. For reasons unknown to us, or even to a Stellantis PR representative, the Fiat booth was not adorned with just one lonely 500X — which is currently the brand's entire U.S. lineup — but there was also a pomodoro (tomato) red 500 Electric convertible and a pale pink metallic 500 Electric hatchback. Two cars that Stellantis has, since the model's introduction a couple of years ago, said will not be coming to the United States. They weren't roped off or on any fancy display. They just sat on the carpet like any other regular Stellantis product. And of course, we had to check them out. And ... they're pretty great! We think Fiat should sell the 500 Electrics here. Here's why: First off, they're wonderful designs. They're still just as cute and retro as the 500's gas-powered (and electric) predecessor, but with far more attention to detail. The headlights intersect with the hood, and the turn signals pop out from the belt line. Nifty recessed door handles sit below that line. Little tabs with the model name bump down from the window trim. The retro, grille-less fascia is natural and practical, and the whole car has subtly athletic curves. Plus, you can get it as a convertible, something the competition doesn't offer. The excellent detailing continues inside. The materials are certainly cheap (and admittedly, the doors sound a little flimsy on closing), but it pulls the same tricks that the Ford Maverick does. It has fun with the colors, materials and shapes to make it pleasant. It has a soft, curvy dash panel that can be covered in cool fabric or painted to match the body. The seats are available with the "FIAT" wordmark stitched all through the upholstery. And it has convenient controls to go with the bright and responsive touchscreen. Furthermore, that rear half-door on the hatchback is great for rear seat access. The rear seat is still tight, but you can get three adults into the car in a pinch (mind your heads and knees). Basically, it's an extremely stylish and chic machine, something that the electric car market could use more in the low-end segment. And it likely would sell at the low end.
Fiat pondering swallowing rest of Chrysler, US IPO
Wed, 24 Apr 2013At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree trust, but the Italian company and the UAW are on different sides of the galaxy when it comes to assigning a fair price to that outstanding stake.
Naturally, Fiat CEO Sergio Marchionne is considering his options. A new report in the The Wall Street Journal says one of the scenarios being considered now is - depending on the outcome of the court case - to purchase the 41.5-percent stake and then issue an IPO to recoup some of the cost. About two months ago, Marchionne put the odds of an IPO for a wholly combined Fiat/Chrysler at 50 percent. Even with the WSJ report, it's not clear if those odds have changed.
The current company structure leaves a lot of options as to how a potential IPO could be issued, but it's said that Marchionne is against it, preferring "to be one company," under Fiat, indivisible. If Fiat is finally able to purchase all of the Pentastar, it would get access to Chrysler's war chest, pegged at $11.9 billion at the end of Q3 in 2012, and that money can't come soon enough for a brand taking a beating in Europe and delaying product over cash concerns.
Amazon is showcasing its big push into cars and transportation at CES
Mon, Jan 6 2020From making cars talk using Alexa's voice to managing data from factories full of robots, Amazon wants a big piece of the action in transportation, and next week at CES will unveil more about its strategy to achieve that goal than ever before. The Seattle retail and cloud services powerhouse plans to use the annual technology show in Las Vegas to unveil its plan to be a major player in self-driving vehicle technology, connected cars, electric vehicles and management of the torrents of data generated by automakers and drivers, company executives told Reuters. Amazon Web Services, which provides large-scale cloud computing and data management services, is central to Amazon's strategy. "We really are extending ourselves more and more out in the ecosystem from manufacturing to connected car," Jon Allen, head of professional services in Amazon Web Services' automotive practice, said in a telephone interview. "The takeaway message on this is if you go to CES this year we really are taking it as a 'One Amazon' view." Until now, Amazon has shown its transportation strategy to investors — and rivals — one piece at a time. Amazon has invested in self-driving software startup Aurora. It also has signed deals with automakers to deliver packages to vehicle trunks, help develop electric vehicle charging networks and use AWS to network their factories. The Seattle company will share the CES stage with partners such as virtual reality firm ZeroLight, electric vehicle startup Rivian, Canada's BlackBerry Ltd and video game software development company Unity Technologies. "It's our attempt to weave everything together in a single experience for our customers," Dean Phillips, AWS' automotive technical leader, told Reuters. "Customers don't distinguish AWS from Alexa from Amazon.com. It's Amazon."  Related: As GM readies Alexa convenience for vehicles, we ponder its dark side  At CES, ZeroLight and GM's Cadillac will demonstrate how they are partnering to develop an online vehicle configuration experience that will allow high-fidelity images of vehicles that consumers build online to be taken with them on visits to dealers, Phillips said. The process can open the door to dealers better meeting customer needs by knowing what users focused on when building their dream car. It has already boosted profit per vehicle at Volkswagen's Audi brand by an estimated 1,200 euros ($1,340), he said.











