2014 Fiat 500l Trekking on 2040-cars

Auto blog

FCA CEO Manley says alliances are still possible but aren't necessary

DETROIT — Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone. "Strategically, we have a solid future and clear plans that are being invested in and are underway now," Mike Manley said during a session with reporters the day after the company released better than expected second-quarter results. "That isn't to say if there is a better future through an alliance or partnership or merger we wouldnÂ’t be open and interested to it." Fiat Chrysler is open to re-starting merger negotiations with French automaker Renault, Manley said, but added the French car maker is not the only potential partner to gain scale or plug gaps in Fiat Chrysler's technology or vehicle lineup. "To say are they the only opportunity, the answer to that question would be a definitive ‘No,Â’" Manley said. Fiat Chrysler in June withdrew a $35 billion merger proposal with Renault after French government officials intervened in the talks and sought to delay a decision on the deal. The Wall Street Journal reported on Friday that Renault and Nissan are trying again to reshape their alliance and resolve disagreements that helped to derail the merger talks with Fiat Chrysler. Fiat Chrysler has a commercial vehicle partnership with French rival Peugeot SA, and the two companies discussed a broader combination before Fiat Chrysler made its offer to Renault, people familiar with the situation have said. Manley said automakers are not the only potential partners. "There are cooperations that can help in specific technologies. There are cooperations as we think about the consumer-car interface," he said. "You could see collaborations that never would be there in the past." Fiat Chrysler's North American business is strong thanks to Ram trucks and Jeep SUVs, but in other markets the automaker faces continued challenges. The company is overhauling its mass-market business in Europe, which is anchored by the Fiat brand. Fiat Chrysler's Europe, Middle East and Africa operations were marginally profitable in the second quarter and achieved 1.8% profit margin in 2018. Manley has set a goal of 3% operating margins, well short of the 10% margins the company forecast for North America.

Fiat 500e Inspired by Los Angeles gets beach-inspired paint

Fiat is gradually rolling out more variants of the electric 500e. The latest addition to the range is a California-themed model called Inspired by Los Angeles that stands out with a handful of trim-specific styling cues, including an exclusive paint color, and a lofty price tag. The blue-ish gray (or gray-ish blue?) color is called Marine Layer Mist, and it was chosen for a very specific reason. Fiat explains that this shade is named after "the coastal marine layer that results from air masses of different temperatures and densities interacting, a natural phenomenon from May through June that gives the City of Angels a magical and complex feel." Gray mirror caps add a touch of contrast. Inside, there's beige upholstery, a soft-touch steering wheel, and a Marine Layer Mist dashboard insert. Fiat also threw in a seven-speaker sound system with an amplifier and a subwoofer; it includes four Virtual Venues, or sound modes, picked by Italian singer Andrea Bocelli. Fiat hasn't made any drivetrain changes. Power for the 500e comes from a single electric motor that draws electricity from a 42-kilowatt-hour lithium-ion battery pack to zap the front wheels with 117 horsepower and 162 pound-feet of torque. Range checks in at up to 149 miles. Level 2 driving technology comes standard. It relies on the adaptive cruise control and the lane-keeping system to assist the driver on select roads. It does not make the 500e fully autonomous, or even hands-free, but Fiat notes the hatchback is the only EV in its segment to offer Level 2 capabilities. Pricing starts at $37,595 including a $1,595 destination charge, so the 500e has shifted light-years away from its roots as an affordable people's car. For context, the 500e RED announced in December 2023 starts at $34,095 and the last-generation model released in 2007 and still sold new in some European markets (at least until later in 2024) costs ˆ17,700 (about $19,200 at the current conversion rate) in Italy. Built in Turin, Italy, the 500e Inspired by Los Angeles is on-sale now and deliveries are scheduled to start in the third quarter of 2024. Every 500e regardless of trim comes with a Level 2 home charger or charging credits valid in the Free2move charging network. Looking ahead, the 500 range will grow with the addition of a hybrid model, though there's no word on whether this model will be sold in the United States.

Fiat ups Chrysler stake by 3.3%, inches closer to full control

Fiat is one step closer to completing a merger with Chrysler after exercising an option to acquire an additional 3.3 percent of the Auburn Hills-based automaker today. Automotive News reports that Fiat now controls 68.49-percent of Chrysler, which is up almost 10 percent since we last heard news of this deal back in February when Fiat talking to various banks to raise more capital in order to complete the acquisition.
The article says that Fiat is still able to increase its stake in Chrysler up to 75 percent over the next 12 months, but it sounds like CEO Sergio Marchinonne would rather purchase the remaining shares from VEBA - the retiree benefits trust - sooner rather than later. Unfortunately, the two sides still seem far from an agreement on a fair price for the rest of Chrysler, as Fiat has them valued at $4.2 billion compared to the $10.3 billion estimate from the unions that currently own the remaining stake in Chrysler.