2015 Fiat 500 Pop Hatchback 2d on 2040-cars

Auto blog

Marchionne on Alfa's US return, Dodge Dart's powertrain weakness and minivan plans

As a reporter covering an auto show, the one opportunity you never want to miss is going to the Sergio Marchionne press briefing.
"This undertaking to bring Alfa back is a one-shot deal... We are not going to do this twice."
There just aren't that many real characters left in the auto industry. Marchionne, who sits atop both Chrysler and Fiat, is not only one of the smartest execs in the business, but also the most frank. Herein, a sample of the quotable always-sweatered executive:

Chrysler purchases remaining shares from VEBA Trust, announces funding plan

It's official: The Detroit Three is now The Detroit Two and The Fiat Subsidiary, Chrysler. Both the Italian carmaker and The Pentastar announced the completion of cash payments and a Memorandum of Understanding (MOU) on future payments necessary to make the Chrysler Group a wholly-owned subsidiary of Fiat. As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the United Auto Workers union.
On top of that, Chrysler Group signed an MOU that agrees to payments of $700 million to the VEBA in four installments, the first of which was made concurrently with the other cash payments. And for you trivia mavens, the full name of the UAW is the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. So go impress your loved ones with that nugget after you check out the press release below.

Lamborghini-powered Fiat 500 blows our minds

We suppose that it was fate that eventually someone would take a vintage Fiat 500 and wrap it around a 6.2-liter V12 plucked from a Lamborghini Murcielago. Seeing as how both the 500 and the Murcielago hail from Italy, it was only a matter of time before the two got drunk and made either the best or worst decision of their lives depending on who you ask.
Built by Oemmedi Mechanics, the car first bowed at the 2012 Bologna Motor Show, and while the ultra-widebody finished product is barely recognizable as an adorable Cinquecento, there's no mistaking the sound of that wicked V12.
How quick is the thing? Oemmedi isn't saying, but we imagine plopping an engine that dishes out 580 horsepower in a car that tipped the scales at just 1,100 pounds from the factory results in all sorts of abuses on the laws of physics. You can check out a few videos of the creation below.