2014 Fiat 500l Trekking on 2040-cars

Auto blog

Junkyard Gem: 1978 Fiat 124 Sport Spider

Before the Fiat 124 Spider was a Mazda, it was the 124 Sport Spider, the two-seat convertible version of the huge-selling (in Europe) 124 sedan. Sold in the United States from the 1968 through 1985 model years (with the final few years sporting Pininfarina badges, courtesy of Malcolm Bricklin), these fan and affordable cars were once everywhere on our roads and owners have tried to hang onto them even after they break down. As a result, I see about as many 124 Sport Spiders in junkyards these days as I did 40 years ago, when you could still buy them new. Here's a little red devil of a '78 Sport Spider, found in a San Francisco Bay Area car graveyard a few years back. This car's main sales rival in the United States was the similarly fun and affordable MGB, and I still find plenty of those in the boneyards to this day. The MGB was sturdier but a bit more primitive than the Sport Spider, and both suffered from maddeningly unpredictable electrical systems. The price tag on this car was $6,495, or about $30,780 in 2022 dollars. The 1978 MGB cost $5,649 ($26,770 now) that year. If you wanted the much quicker Alfa Romeo Spider in 1978, you had to shell out $9,195 ($43,570 today). While the MGB's antiquated pushrod straight-four made just 62.5 horsepower in 1978 (yes, British Leyland claimed that half-horse), the '78 Sport Spider put out 86 horsepower from its DOHC engine. The curb weight of the Spider was lower, too (2,180 pounds versus the Brit's 2,338 pounds). This one has a much-faded 1990 San Francisco residential parking permit, for Zone C. That's the upscale Nob Hill neighborhood, where this car must have seemed a little too much on the proletariat side. These cars tend to spend decades sitting in a driveway or yard, awaiting repairs that may never come. Eventually, reality comes calling and they take that final tow-truck ride to a place like this. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Motorcars in the great European tradition.

Fiat Chrysler denies GM's 'preposterous' bribery allegations

DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday. GM, in a court motion last week, alleged that Fiat Chrysler used foreign bank accounts to bribe union officials so they would stick GM with higher labor costs. But in a response, the Italian-American automaker fired back, calling GMÂ’s claims “defamatory and baseless.” GM alleged in a court filing last week that FCA spent millions on bribes by stashing the money in foreign accounts. The allegations of new evidence were made in a motion asking a federal judge to reconsider his July dismissal of a federal racketeering lawsuit against Fiat Chrysler. In trying to revive the lawsuit, GM alleged that bribes were paid to two former United Auto Workers presidents, as well as a former union vice president and at least one former GM employee. In its response, Fiat Chrysler said GM has to know that the prospect of getting the judge to overturn the dismissal is slim to none. “So this motion is apparently a vehicle to make more defamatory and baseless accusations about a competitor that is winning in the marketplace.” FCA denied allegations by GM that FCA paid two “moles” to infiltrate GM and send inside information. The company also denied that foreign bank accounts were involved. “That GM has extended its attacks to individual FCA officers and employees, making wild allegations against them without a shred of factual support, is despicable,” FCA lawyers wrote. GM's claims are based on the alleged existence of foreign bank accounts, which are legal, Fiat Chrysler wrote. “There is not one well-pled allegation in the proposed amended complaint (by GM) that these foreign bank accounts were used to pay bribes or facilitate any other illegal conduct,” FCA's response said. GM contends that bribes were paid to former United Auto Workers Presidents Dennis Williams and Ron Gettelfinger, as well as Vice President Joe Ashton. It also alleges money was paid to GM employees including Al Iacobelli, a former FCA labor negotiator who was hired and later released by GM. GM alleges that payments were made so the officials would saddle GM with more than $1 billion in additional labor costs.

Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.