2016 Fiat 500 Abarth on 2040-cars

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2019 Fiat 500 Abarth Final Drive | Farewell to the Hellmouse

The market for tiny hot hatchbacks hatchbacks was always small in the United States, but it's getting even smaller. The Ford Fiesta ST has joined the dearly departed and soon to join it is the Fiat 500 Abarth, which Fiat has announced will go away along with its less caffeinated 500 siblings. Before it does, though, we got one more romp in the little monster and learned that, even with its age and rough edges, it’s still one of the most fun and charismatic machines you can get for the money. You're reminded of it the second you twist the switchblade key. The little turbo 1.4-liter four-cylinder has a gnarly burble at idle that wouldnÂ’t seem out of place in a muscle car. It only gets better when you start cruising around. The burble becomes a raging howl, and shifting right at redline results in a whiplike crack. ItÂ’s intoxicating. The 500 Abarth is boisterous, but itÂ’s not exactly fast. At 160 horsepower and 183 pound-feet of torque, most of its competition, such as the Veloster Turbo and Civic Si, feature at least 200 horsepower. The turbo isnÂ’t especially fast to spool up, and the engine isnÂ’t quick to rev either. But itÂ’s peppy enough, and the slowly building boost comes on very smoothly. As such, itÂ’s easy to manipulate what power the Abarth has. And the exhaustÂ’s placebo effect is omnipresent. But make sure the car is in Sport mode. If it isnÂ’t, the amount of boost is restricted, making the Abarth feel more like the normal 135-horsepower 500, and no amount of noise will distract you from that. The tiny turbo engine can be paired with either a five-speed manual or six-speed automatic transmission. The manual is a pretty average unit. The shifter is well-placed, but the throws are long and ropey. The pedal position is excellent, making rev-matched downshifts easy. Only having five gears to choose from seems strange in this day and age, but the long-ish ratios work nicely with the slow, low-revving engine. And you donÂ’t have to mess with the wriggly shifter too much. The automaticÂ’s six ratios feel like a good number, and each ratio is closely spaced, which helps keep the car in the power band. It shifts quite smoothly and fairly quickly, too, whether youÂ’re in automatic or manual mode. The automatic even makes smart downshifts when slowing for corners. ItÂ’s a good unit that doesnÂ’t detract from the experience. Curiously, the automatic model makes more torque at 183 pound-feet to the manualÂ’s 170.

Interested, then not: Marchionne not 'chasing' a VW merger

Update (March 15, 2017) : Automotive News reports that FCA CEO Sergio Marchionne, regarding the suggested VW and FCA merger, said in a press conference "I have no interest." He also said that he "will not call Matthias," the CEO of VW. He did add that he would be willing to entertain anything VW brings up, but he has "no intention of chasing him." Despite this, Marchionne still took a moment to reinforce his favorable stance concerning mergers and consolidation. Last week, Volkswagen's CEO Matthias Mueller effectively shut down Fiat Chrysler CEO Sergio Marchionne's idea of the two automakers merging. However, it seems Mueller has softened, if only just, to the idea. According to Reuters, the CEO said in a press conference he is "not ruling out a conversation." However, he did say that he would like Marchionne to discuss with him directly the possibility rather than to the media. Though this statement certainly doesn't mean such a merger is happening, it's far more open than when he said outright the company isn't in any talks with anyone at the moment. His new stance also indicates that there may be people (lawyers, accountants, etc.) behind the scenes working out possible ways a merger could work. And even though this new development makes the prospect of a merger between the two companies a bit less bleak, it's still a long way from the "will they, won't they" relationship between GM and FCA. FCA's pursuit of GM involved emailing CEO Mary Barra and the threats of a hostile takeover, the latter of which resulted in some awkward statements about hugs. Only time will tell if VW becomes open enough for Marchionne to talk about hugs again. Related Video:

FCA profits surge in second quarter

Fiat Chrysler Automobiles gave the cash register a beating in the second quarter, improving its net profit to 333 million euros ($364M US), which is a 263-percent jump over its reported Q1 profit of 92 million euros ($108M US). At the same time, FCA improved its global profit margin to 7.7 percent. Compared year-over-year, in Q2 2014 FCA reported net profit of 197 million euros making this year's Q2 a 69-percent increase, and profit margins a year ago were 4.9 percent. The two big factors for this increase are strong NAFTA sales and Jeep. In the US alone, Jeep sold 222,940 units in Q2 this year, a jump of almost 20 percent over the same period last year. Revenue in the NAFTA region totaled $18.8 billion, adjusted earnings before interest and taxes were $1.45 billion, both of those numbers more than doubling compared to 2014. The vastly better numbers come on marginally more global sales, 1,181,000 units sold in Q2 2014, 1,193,000 units sold in the same span this year. In the US, FCA began charging dealers one-percent more for vehicles to up the margins, a move that helped boost its US margin from 4.1 percent a year ago to 5.8 percent the first half of this year. The company is holding steady on its guidance of global deliveries at 4.8 million and its net profit guidance at $1.1 to $1.3 billion. It has increased its adjusted outlook for the year to $120.5 billion in revenue, and EBIT to "over $4.93 billion." News Source: Automotive News - sub. req.Image Credit: AP Photo/Carlos Osorio Earnings/Financials Chrysler Fiat Jeep FCA