Fiat 500l 1972 on 2040-cars

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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

Say hi to our new long-term 2016 Fiat 500X

We always get pretty excited when a new long-term car shows up. This Fiat 500X was a very welcome addition, as it was immediately put into the summer road-trip rotation. Since it arrived a few weeks back, it has already been to "Up North" Michigan (what we call the northern part of the lower peninsula – don't ask) three times. There's an unboxing video above with the highlights, and below we'll explain in a little more detail which options we chose and why. What we got The collective brain trust here chose the top trim level, Trekking Plus. While we tend to try and avoid the fanciest model, it was cheaper to go with a Trekking Plus rather than option up a Lounge model to get everything we were really interested in. (It's confusing – check out the "Compare Packages" link on the 500X configurator to see what we mean.) The color is called Verde Toscana – that's Tuscan Green for us Americans, and we chose the brown leather instead of black. The Trekking Plus has the 2.4-liter Tigershark four-cylinder and a nine-speed automatic transmission. (More on that soon.) It also has nearly everything you can put in one of these small crossovers, including Uconnect infotainment with navigation, a separate color screen between the gauges, blind-spot monitoring, rear parking sensors with cross-traffic detection, a rearview camera, selectable driving modes, remote start, and 18-inch wheels. We also happen to think the Trekking Plus has the most attractive exterior package among the 500X lineup. The trim names (Pop, Easy, Trekking, Lounge, Trekking Plus) could use some work, though – but hey, it's Italian. What we skipped We bucked the Michigan trend and went with front-wheel drive instead of all-wheel, saving us a theoretical $1,900. We'll put winter tires on it when the snow comes, which should be all we need to get through that six-month season of bleakness. There are some extra-cost paint options, all of which add $1,000, but we decided green looked best and had a price of $0. There are two packages available on the Trekking Plus – the imaginatively named Collection 1 and Collection 2 – but neither really appealed to us, so we skipped them. So you know what we're missing out on, Collection 1 is a big dual-pane sunroof and Beats audio, while Collection 2 is the same dual-pane sunroof packaged with auto high-beams, automatic wipers, lane departure with lane-keeping, and forward-collision braking.

If Tesla Model 3 is successful, Sergio Marchionne will copy it

Fiat Chrysler CEO Sergio Marchionne hasn't hidden his disdain for electric vehicles, but he would copy the Tesla Model 3 if it is successful, according to Automotive News Europe. If Elon Musk "can show me that the car will be profitable at that price, I will copy the formula, add the Italian design flair and get it to the market within 12 months," Marchionne told Automotive News Europe during FCA's annual meeting in Amsterdam. In terms of pre-orders, the Model 3 is a success. Musk tweeted on April 7 that the company had over 325,000 reservations for the sedan, which he estimated were worth around $14 billion. The car will start at $35,000 before incentives. Marchionne, however, isn't optimistic Tesla can actually make the electric sedan work financially. "I'm am not surprised by the high number of reservations but you have then to build and deliver them and also be profitable," he told ANE. The FCA boss is a noted skeptic of EVs. In 2012, he said that the company only built the 500e because of California's zero-emissions vehicle mandate and to give engineers experience with the technology. He doubled-down in 2014 when he claimed FCA lost $14,000 on each 500e and said he would rather people didn't buy them. More recently, he infamously said "you'd have to shoot me first," before he'd allow a fully electric Ferrari. Related Video: