2014 Fiat 500l Trekking on 2040-cars

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Fiat 500X teased ahead of Paris debut

One of the expected debuts at next month's Paris Motor Show will be the alleged platform-mate to the upcoming Jeep Renegade. That car, the Fiat 500X, has been subject to a fair share of speculation and spy photos, but Fiat has been mostly quiet on the matter. That is, until now.
The Italian manufacturer has released this 39-second teaser video which provides a first, fleeting glimpse of the new mini-CUV, allowing us to determine a few styling features.
First, the styling appears to be a rather significant departure from the polarizing looks of the 500L, with the rear end looking more akin to the standard 500. The front fascia is tweaked and looks ruggedized, with what looks like a protective treatment under the lower intake. The profile features a more dramatic greenhouse, with a significantly larger, aggressively raked D-pillar. The body rides noticeably higher, as well.

Fiat and UAW back at negotiating table over Chrysler stake

We knew there'd be no Chrysler IPO before the end of this year, but Fiat is determined to get the best run going into 2014 and is back at the poker table with the UAW. The delay was said to be Chrysler's desire to clean up a tax issue with the IRS; turns out that also bought the carmaker time to try and close a deal for the UAW's 48.5-percent stake in the company before the IPO happens.
Whereas the price Chrysler was willing to pay was once more than $1 billion under the UAW's asking price, the gap has closed to just $800 million of late. A recent valuation of the company at $10 billion - a valuation the UAW has disputed - means Fiat would be looking to pay about $4.2 billion instead of the $5 billion that the UAW seeks. But the UAW needs to hold out for the highest amount it can get because its pension obligations through the Voluntary Employee Benefit Association (VEBA) are $3.1 billion greater than the VEBA's assets, which include the Chrysler stake.
There's a clause in the agreement that Fiat can buy the VEBA shares for $6 billion, but Fiat CEO Sergio Marchionne has said that the UAW "should buy a ticket for the lottery" if they even want $5 billion. The UAW, though, has more time to wait; it's Fiat that wants access to Chrysler's $11.9-billion war chest and that would like to avoid the risk of paying the full $6 billion for the UAW share if the float really takes off. With other valuations of Chrysler as high as $19 billion, a hot IPO could make that $6 billion look like a bargain.

Officine Abarth Classiche dedicated to Scorpion heritage

It was only nine years ago that Fiat launched the Abarth brand as its dedicated performance division. But it didn't pull the name and logo out of thin air. Though it was essentially dormant for years, the Scorpion marque has a long history of tuning Italian pocket rockets for both road and race. And now it's launched a dedicated heritage division to manage its considerable history. Opening this week, the new Officine Abarth Classiche program will be responsible, among other things, for the restoration of vintage Abarth vehicles and the certification of their mechanical authenticity. Similar to the Ferrari Classiche department, private owners of classic Abarths will be able to send their pride and joy to the factory for service, maintenance, and restoration at the hands of factory technicians and with the benefit of the company's own archives. Work will be undertaken in a dedicated, thousand-square-foot workshop at the Mirafiori Abarth factory in Turin, and will of course include Abarth-tuned Fiats. But the program is also open to all the various Lancias, Alfa Romeos, Autobianchis, and Cisitalias fettled over the years by the Italian performance studio - to say nothing of the Zagato and Ghia prototypes. Beyond restoration, Officine Abarth Classiche will also organize special events for owners of vintage Abarth machinery, and undertake a comprehensive Abarth registry. It has also commissioned a book on the history of the marque, recreated company founder Carlo Abarth's office at the Mirafiori workshop, and even signed on Carlo's widow Anneliese Abarth to serve as a brand ambassador. It's an ambitious undertaking, and you can read about it in full – along with some history of the name – in the full press release below. Related Video: 18 November 2015 The Great Abarth Classiche Project - The great story of the performances and sporting grandeur of the Scorpion and the records it has broken is celebrated through the ambitious Abarth Classiche initiative.