2014 Fiat 500c Pop on 2040-cars

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Fiat 124 Abarth Spider spied, may get Alfa 4C power

We've long been excited to see, hear, and drive the car that results from the in-process Fiat-Mazda partnership. The Italian brand has had access to the excellent 2016 Mazda MX-5 Miata on which to base its own roadster, and the fruits of that labor will soon ripen. Spied here is not only the ensuing Fiat 124, but a hotter Abarth tuned version of the spider. At least, that's what we're hoping. Our spy shooters indicated that the car seen here not only sounded more aggressive than 'standard' 124 mules seen previously, but that it also accelerated away from their long lenses with a smartness. The 124 Spider is already rumored to make use of the 1.4-liter turbo I4 that makes 160 horsepower in the Fiat 500 Abarth, and this version may have a still-more-powerful engine. Another tell about the added output are the quad tailpipes in place of the lesser car's set of two. There's no hard evidence to support exactly which engine might be under the 124's hood, however. It's possible that the 1.7-liter turbo from Alfa Romeo 4C could be in play – with its 237-hp output – as the 124 was originally going to wear an Alfa badge. If that were to happen, however, the Fiat would almost certainly get a dual-clutch transmission instead of the purer manual box. In any event, more details about the car will no doubt crop up closer to the expected reveal this fall. Related Video:

Buy a real Popemobile: the Pontiff's Fiat 500L

Pope Francis has urged people to drive "humble" cars, and he practiced what he preached during last year's US visit by riding in a Fiat 500L rather than a more opulent vehicle. The Archdiocese of Philadelphia will offer the chance to feel a little closer to His Holiness on January 29 by auctioning at least one of the Fiats from the Pope's trip at the Philadelphia Auto Show Black Tie Tailgate. All of the auction's proceeds will follow Pope Francis' desire to help the less fortunate. Half of the money will go to the Catholic Charities Appeal, which aids those that struggle with homelessness and poverty. The other half will be split equally among Mercy Hospice, Casa Del Carmen, and the Schools of Special Education of the Archdiocese of Philadelphia. "The Fiat is such an icon of Pope Francis' visit to Philadelphia and the auction of this vehicle serves as an extraordinary final event to close this memorable chapter in the City's history," Donna Crilley Farrell, Executive Director of the World Meeting of Families – Philadelphia 2015, said. FCA US let Pope Francis use two 500Ls while he was in Philadelphia, and the automaker then donated the cars to the Archdiocese, according to its director of communications Kenneth Gavin to Autoblog. The Archdiocese still hasn't decided whether to auction the other one at the Black Tie Tailgate, but the Fiat will be on display at the Philadelphia Auto Show from January 30 through February 7. It's difficult to put a price tag on these special vehicles, Gavin told Autoblog, but the Archdiocese hopes to get as much as possible for them to benefit the charities. FCA US and the US Secret Service have records of the cars' VINs from the trip, and the Archdiocese would show the winning bidder all the documentation to certify the vehicle's authenticity. Related Video: The Archdiocese of Philadelphia and World Meeting of Families – Philadelphia 2015 Offer Opportunity for Bidders to Own a FIAT 500L Used by Pope Francis During Historic Philadelphia Visit at the Philadelphia Auto Show Black Tie Tailgate Held at the Pennsylvania Convention Center on Friday, January 29, the auction will benefit the Catholic Charities Appeal, Catholic Social Services, Mercy Hospice, Casa Del Carmen, and the Archdiocesan Schools of Special Education.

Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video: