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Fiat Chrysler Automobiles targets mid-October IPO

The merged Fiat Chrysler Automobiles is targeting October 13 to launch its initial public offering on the New York Stock Exchange, CEO Sergio Marchionne told reporters assembled for a meeting in Rimini, Italy.
"The most likely date for the listing in the US is October 13," Marchionne said, according to Reuters.
Marchionne is trusting that the money made in the IPO will be contribute heavily his ambitious, $64-billion five-year growth plan, which will see FCA reboot Alfa Romeo and Maserati and expand Jeep's global presence. Should the IPO fall short, though, Marchionne has confirmed that "all decision [sic] on any capital increase will be taken by the board of FCA at the end of October."

America was the unexpected theme at the 2017 Detroit Auto Show thanks to Trump

President-elect Donald Trump was not in attendance at this year's Detroit Auto Show, but it sure seemed like he was the target audience for many of the press conferences and announcements surrounding the event. Several manufacturers chose to play up existing and future commitments to the US in general and American jobs specifically in their presentations to the press, and we're pretty sure that has everything to do with Trump's recent targeting of automakers on Twitter. To us, it seemed automakers were going on the offensive to try and preempt any future tweet-shaming for investing in auto manufacturing anywhere but the US. The pro-America sentiment started the week prior to the auto show, with Ford announcing that it would build several future electrified vehicles at its Flat Rock Assembly Plant in Michigan and also cancel a $1.6 billion factory planned for Mexico. Ford announced the two items on the same day, but the reality is that they likely have no relation to each other; the Mexican plant is being skipped because the company doesn't need the extra capacity to build the Ford Focus right now. Trump was still happy to share the news on Twitter. Then, on Sunday, FCA announced it would invest $1 billion in manufacturing plants in Ohio and Michigan to produce the new Jeep Wagoneer, Grand Wagoneer, and Wrangler-based pickup. It's not as though those potential new jobs were on their way out of the US, necessarily, but FCA took the opportunity to mention that plant upgrades at the Warren Truck Plant would allow the company to build Ram heavy duty trucks, which are currently assembled in Mexico, there. CEO Sergio Marchionne confirmed that Trump and his proposed tariffs had nothing to do with the decision. We certainly believe that, but we also have to believe that the timing of the release, positive outcome for America, and zero gain for Mexico were all orchestrated. Again, Trump sent out a victory tweet as if this had been his doing. Ford then used its press conference at the show on Monday to reiterate the plans for Flat Rock and also confirm that the Ford Bronco and Ranger nameplates will be returning to the US market, and that both will be built at a plant in Michigan. Announcements of manufacturing locations are usually aimed at the UAW, which certainly has a stake in these things, but again this one was broadcast to the auto show crowd in general.

2020 Fiat 500X Sport expands lineup and color palette

Fiat trotted out the new and improved 500X at the 2018 LA Auto Show. This year the Italian carmaker follows up at Automobility LA with the new 500X Sport trim intended to bestow a "youthful, sporty appearance" on the 500X lineup. That starts with the Rovente Red hue added to the color palette, "rovente" being Italian for "scorching." The Sport gets a new front fascia that omits the rugged-looking moldings on the Trekking trims, puts fog lights in discrete housings at the lower corners, and paints the lower lip in body color. Along the sides, the normally dark wheel arch liners and side moldings are swapped for body color as well, while the mirrors and door handles get dark-finish accents to go with a Sport badge on the front fender. In back, dark-finish trim across the tailgate and twin, chrome-finish tailpipes let the Fiat clan know this one is the feisty one. Standard fit is a set of 18-inch wheels in a new design. For the first time on the 500X model, 19-inch wheels are an option, wrapped here in Michelin CrossClimate all-season tires. Up top, buyers can take advantage of another new option, a black roof. The interior goes dark top and bottom. Instead of the light-colored upper space, the headliner and pillars have been finished in deep gray materials while the new Sport seats wear black fabric with vinyl inserts and a gray "500" logo. Bright flashes come in the aluminum pedal trim covers and instrument panel bezel finish. The steering wheel invites grip with "techno-leather" and Alcantara, plus proper paddle shifters. Alcantara also adorns the brow over the gauge cluster, the gauges themselves done up with tweaked graphics. Motivation comes from the same 1.3-liter turbocharged four-cylinder found in the rest of the 500X lineup in the U.S., putting out 177 horsepower and 210 pound-feet of torque through a nine-speed automatic to all four wheels with on-demand all-wheel drive.  When the 500X Sport goes on sale in early 2020, dealers will ask $26,895 plus a $1,495 destination charge, for a total of $29,390. Pricing puts the Sport above the $27,740 Trekking while the top trim remains the $30,990 Trekking Plus.