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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Fiat Grande Panda is a compact hatchback with a serious attitude

Earlier in 2024, Fiat announced plans to turn the Panda — which has been one of its smallest and most affordable models since 1980 — into a full range of models. The first member of the extended Panda family is a compact, crossover-like hatchback called Grande Panda. Stretching to 157 inches long, the Grande Panda stands out with angular styling and a futuristic-looking front end. There's a tiny bit of retro hiding in that 22nd-century-like stare: The Fiat logo is offset to the side, like it was on the pre-facelift version of the original Panda. The black plastic cladding, the skid plate-like trim on the front bumper, and the roof rails give the hatchback a rugged look, while the rear lights create another visual link to the first-generation Panda. What's certain is that the Grande Panda looks like nothing else on European roads. We haven't seen the interior yet. We're told it seats five, and we hope the cabin will be at least as distinctive as the exterior. Technical specifications haven't been released. Fiat noted that it built the Grande Panda on a multi-energy platform to offer both hybrid and electric variants. Four-wheel-drive is a big part of the Panda's heritage, but we're guessing the Grande will settle for front-wheel-drive. Fiat will release more details about the Grande Panda in the coming months. The model will be sold in Europe, in the Middle East, and in Africa, but nothing suggests we'll see it in the United States. As for the current, third-generation Panda, it's sticking around for the time being. It was renamed Pandina in February 2024, and it's tentatively scheduled to remain on the market through 2027. It's old by car standards — it made its debut at the 2011 Frankfurt auto show. It remains one of the cheapest new cars in Europe and one of Fiat's best-sellers, however.

Fiat is hitting the reset button on the 500L Urbana

Fiat is refreshing something most people probably never even knew existed: the "Urbana" 500L. For 2019, the Urbana Edition offers a value-minded black-out appearance package in attempts to jazz up the less-than-jazzy XXL 500. Fiat first introduced the 500L Urbana Trekking style package in 2014 for the 2015 model year. Since its introduction, the included trimmings have slightly changed, but the idea remains the same: a style package that aggregates numerous add-ons for a discount price. On 2018 models, the $395 option offered 17-inch black wheels, a black roof, and black side mirrors. Now called the Urbana Edition, the package is still only available on the Trekking trim but now costs $595. It offers gloss black 17-inch wheels, Miron Black door handle accents, black side-body trim, black fog lamps, black side mirrors, and blacked-out fascias. The Urbana Edition is available in black Bronzo Metallizato, Bianco, Grigio Scuro, Verde Bosco, and a contrasting black roof remains optional. Inside, Fiat only added minor changes. Black leather seats have contrasting copper stitching, and the dashboard features a copper 500 logo to signify the special edition. The updated 2019 Fiat 500L Urbana Edition will be available starting this spring.