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The Abarth 695 Biposto Record is 190 hp tribute to speed

Abarth earned an early reputation for tuning big power from small-displacement engines. The company's Fiat Abarth 1000 Monoposto Record set class acceleration records at Monza in 1965, with Carlo Abarth himself behind the wheel. The limited edition 695 Biposto Record now celebrates the 50th anniversary of those titles with the hottest version of the Fiat 500 on the street. Abarth will limit this special 695 Biposto to just 133 examples – the company's number of historic records. They all wear Modena Yellow bodies with Tar Cold Grey trim and an enameled badge. The interior also features a numbered plaque. Beyond these aesthetic tweaks, Abarth sticks with the high-output powertrain of the standard 695 Biposto: a 1.4-liter turbocharged four-cylinder sends 190 horsepower to the front wheels through a mechanical locking differential. An Akrapovic exhaust provides great sound, too. Compared to a normal Fiat 500 Abarth, the weight of the Biposto twins drops to 2,198 pounds thanks in part to the removal of the rear seats. The combination of more power and fewer pounds lets the hatchback reach 62 miles per hour in 5.9 seconds and a top speed of 143 mph. Brembo brakes slow things down. Inside, Sabelt buckets with carbon shells hold the two occupants tight with four-point harnesses. Like the standard 695 Biposto, we don't expect the company to offer the Record in the US. They're rather expensive across the pond; The UK press release shows a price there at the current equivalent of $55,680. Related Video: ABARTH ANNOUNCES LIMITED EDITION 695 BIPOSTO RECORD A new, limited edition version of Abarth's stunning 695 biposto, the Record, has just gone on sale, priced GBP36,610 OTR. Just 133 examples of the striking 695 biposto Record will be built for worldwide distribution. An exclusive 'Modena Yellow' finish embellished with 'Tar Cold Grey' trims, enamelled '695 Record' badge on the side and aluminium bonnet are all standard features. This small run of cars – 133 is the number of records held by the Scorpion brand – also feature 18-inch OZ alloy wheels, large Brembo brakes and a throaty Akrapovic exhaust. Inside, there is special instrument panel animation, Sabelt carbon shell seats, four point seatbelts, a cargo net and a unique numbered plate. Based on the sporting, two-seat Abarth 695 biposto, the Record version is powered by the same 190hp 1.4 Turbo T-Jet 16-valve engine.

FCA US under-reported death and injury claims to NHTSA

The National Highway Traffic Safety Administration says FCA US significantly under-reported death and injury claims due to flaws in its early warning system. The government first discovered a potential problem with the automaker's reporting in late July, and FCA US has been investigating the issue since. NHTSA claims that the problem appears linked to the way the company gathers and reports safety information. The agency is still investigating how serious the flaws are and their causes. "This represents a significant failure to meet a manufacturer's safety responsibilities," NHTSA Administrator Mark Rosekind.Rosekind said in a statement. FCA US admits that it "identified deficiencies" in the reporting, but in a statement the company said that it notified NHTSA of the issue immediately. The company promised that it is taking this problem "extremely seriously" and pledged to remedy the situation. In late July, FCA US was hit with a potential $105-million fine by NHTSA for the way the automaker conducted some recalls. As part of that agreement, the company also consented to more rigorous oversight by safety regulators in the future and a buy-back of some affected vehicles. Other automakers have been punished for failing to submit EWR data. Honda incurred a $70 million fine in January from NHTSA for missing 1,729 incidents over 11 years. Ferrari had to pay $3.5 million in 2014 for not sending them in for three years. Statement from NHTSA Administrator, Mark Rosekind, on Fiat Chrysler Automobiles' under-reported discrepancy in FCA's Early Warning Report data September 29, 2015 "In late July, NHTSA notified Fiat Chrysler Automobiles of an apparent discrepancy in FCA's Early Warning Report data. FCA has informed NHTSA that in investigating that discrepancy, it has found significant under-reported notices and claims of deaths, injuries and other information required as part of the Early Warning Reporting system. Preliminary information suggests that this under-reporting is the result of a number of problems with FCA's systems for gathering and reporting EWR data. This represents a significant failure to meet a manufacturer's safety responsibilities. NHTSA will take appropriate action after gathering additional information on the scope and causes of this failure." – Mark Rosekind, NHTSA Administrator. Statement: TREAD Reporting September 29, 2015 , Auburn Hills, Mich.

Marchionne's pay as Fiat CEO falls to $5M

Sergio Marchionne will be buying fewer of his iconic sweaters, as his 2013 pay from Fiat took a dip from $6.24 million to an even $5 million. Marchionne, who was also CEO of Chrysler, made $307,989 thanks to some stocks and benefits from the American company, although he didn't take a salary. Of that $5 million paid by Fiat, $3.19 million came from Marchionne's fixed salary while the remaining $1.8 million was paid for hitting unspecified performance targets.
The news comes from Fiat's compensation reports, which also showed that the 61-year-old, who already owned three million shares in Fiat at the end of 2013, was able to receive an additional 2.3 million shares through a stock incentive program. According to Automotive News Europe, the additional shares would be worth about $25 million at today's prices, although so far, Marchionne has declined to claim the extra shares.
According to ANE, Fiat reported a 2013 trading profit of $4.7 billion.