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2017 Fiat 124 Spider Elaborazione Abarth is lacking its sting

After seeing the 2017 Fiat 124 Spider Elaborazione Abarth at the New York Auto Show, we're starting to understand the convertible is essentially Fiat's take on the 2016 Mazda MX-5 Miata Club trim. Thing is, the Abarth name is synonymous with big performance out of tiny engines, and that's exactly what the latest Fiat 124 Abarth gets in Europe. We want it here, too. Despite the scorpion badge on the fender, this model makes the same 160 horsepower and 184 pound-feet as the standard 124 Spider. By way of comparison, the 1.4-liter turbocharged four-cylinder makes 170 horsepower in Europe. Customers here can choose between a six-speed manual or automatic to route power to the rear wheels through a limited slip differential. The Elaborazione Abarth isn't completely without improvements, though. The droptop gets a stiffer suspension with Bilstein shocks, and a Sport Mode button adds an extra edge when drivers want it. Brembo four-piston calipers are optional, and the US model keeps the European Abarth's retro touches like the black hood. Unfortunately, Abarth's performance legacy holds the Elaborazione Abarth back, rather than helping it. The Mazda MX-5 Miata Club gets most of the same upgrades, including a limited-slip differential, Bilstein shocks, and optional Brembo brakes. However, the Miata's sporty trim is easy to accept because it's just part of the regular lineup; Mazda doesn't attach a brand name with racing history to the sharper model. In contrast, the scorpion badge on this 124 Spider makes the convertible hard to accept as a real Abarth. Related Video:

Recharge Wrap-up: Storm Pulse EV touring motorcycle, Elio COO launches YoYo car subscription service

The Eindhoven University of Technology in The Netherlands has created the Storm Pulse electric touring motorcycle. Its 28.5-kWh modular battery pack provides 236 miles of riding on a single charge. The batteries can be charged on a standard household outlet, and can be swapped out in a matter of minutes. The Storm Eindhoven team is raising money to take the prototype bike on a world tour this summer, covering 40,000 kilometers (24,855 miles) in 80 days, not just to show off the Pulse, but also to demonstrate the feasibility of electric mobility. Check it out in the video above, and read more at Technologic Vehicles. Chile is generating so much solar power that it is giving it away for free. Thanks to its well-developed solar infrastructure – which includes 29 solar farms with 15 more in the works – feeding its central grid (as well as problems distributing it to other parts of the country), the surplus means energy prices have dropped to zero in certain locales for well over a hundred days of the year. Chile is now trying to improve its transmission networks, though lack of revenue could slow future investment in solar power. Read more at Green Car Reports. Fiat Chrysler Automobiles (FCA) is reportedly talking to Uber Technologies about a possible partnership regarding driverless cars. Anonymous sources close to the matter have said that a venture could be announced by the end of 2016. Uber is also in talks with other automakers, according to one source. Having access to Uber's massive fleet of vehicles around the world provides large opportunities for gathering data and improving systems. Sources say Fiat has also been in contact with Amazon about autonomous delivery vehicles. Read more at Automotive News Europe. Former Elio Motors COO Hari Iyer is launching the YoYo car subscription service as its CEO. YoYo will offer cars on-demand with a concierge service, using a pay-per-mile model. Iyer will maintain a relationship with Elio as a member of its Board of Directors, and as a strategic advisor to CEO Paul Elio. "I am proud of our team's accomplishments [at Elio] and the progress we've made to date and will look on with pride when I see an Elio on the road," says Iyer. He adds, "My work at YoYo is continuing our shared mission to usher in a new era of affordable access to cars." Read more in the press release below.

Ferrari families have 'agreement' to prevent takeover

With its initial public offering already a massive success, Ferrari is now officially a publicly traded company on the New York Stock Exchange. While anyone can buy those shares, don't expect investors to take control away from some of the top owners of the Prancing Horse anytime soon. To maintain their power, Enzo Ferrari's son, Piero, and Exor chairman John Elkann will sign a deal guaranteeing themselves nearly half of the automaker's voting rights, Bloomberg reports. As part of this arrangement, shareholders that agree to hang onto Ferrari stock for at least three years would receive additional voting rights in the company, and that would give Piero and Elkann a combined 48.7 percent of the automaker by banding together. While not quite complete control, the move should be enough to prevent a takeover of the business. "We have an agreement among the families to protect our interests in Ferrari," Piero said to Bloomberg. This agreement won't really become a concern until next year because only 10 percent of Ferrari will be traded for now. FCA will distribute another 80 percent to its shareholders in early 2016, and Elkann's Exor will be getting the largest portion of the Prancing Horse in the spin-off. Meanwhile, Piero holds the remaining 10 percent but has absolutely no intention to sell his stake in his father's business. The newly public Ferrari will push to grow volume with a goal of moving 9,000 vehicles annually by 2019. To reach that 30-percent boost, expect to see a new model every year, and some of them might use a new, modular platform that's reportedly under development. Related Video: