No Accidents, Clean Carfax / Autocheck, Title In Hand, Must Sell - Make Offer! on 2040-cars

Auto blog

Fiat Chrysler chief still says EVs can't make money

Add Sergio Marchionne's insistence that it's impossible to make money on electric vehicle production to death and taxes among things we can all count on. The Fiat Chrysler Automobiles CEO, speaking in an interview with UK's Car Magazine, implied that Tesla Motors was "the iPhone of cars." The metaphor may have been mixed, as iPhones make plenty of cash for Apple, whereas Tesla has never made an annual profit from its electric vehicles. But the implication was that automakers should stick to what they know, and they don't know smartphones. Forget any upcoming presidential debates, we're waiting for one between Marchionne and Tesla chief Elon Musk. As for the development of autonomous-driving features? Those are another story, says Marchionne, and an area where he's far more in line with Musk. That's because the technology required to make a car safely accelerate, brake, and steer on its own is far cheaper than making a car with an electric drivetrain that offers similar range and performance to a car with an internal combustion engine, he says. As opposed to electrification, Fiat Chrysler has been going the route of modifying conventional powertrains via wringing out more power out of progressively smaller engines, and mating them with eight- and nine-speed transmissions. As for EVs, credit Marchionne for his consistency. Fiat Chrysler has been selling the Fiat 500e since 2013. That year, Wards Auto named the 500e motor to its 10 Best Engines list, while the 500e won Road & Track's 2013 award for best electric car. Still, Marchionne has long said that Fiat only makes the vehicle for to satisfy zero-emissions vehicle mandates in California, and that the company loses as much as $10,000 for every 500e that it sells. Related Video: Featured Gallery 2014 Fiat 500e News Source: Car Magazine via Hybrid VehiclesImage Credit: Andrew Harrer/Bloomberg via Getty Images Green Chrysler Fiat Electric Sergio Marchionne

GM, FCA retain financial advisors amid merger rumors

Well, here we go again. Despite allegedly shutting down the idea of a merger, General Motors has retained financial advisors to, well, advise it on Fiat Chrysler Automobiles' advances. GM brought in New York-based Goldman Sachs, while FCA is currently working with Switzerland's UBS. Another source told Reuters that GM was working with Morgan Stanley, as well. But what does all this mean? Well, as we know, FCA boss Sergio Marchionne still has his eyes set very much on merging his automaker to combat what he claims are the prohibitive costs that come from developing today's vehicles. And while GM has said "no thanks," to a merger, the FCA boss is still looking to shareholders of the world's third-largest automaker to force the issue. Rather than a sign of an impending merger, voluntary or otherwise, between the two automotive powers – analysts called a hostile move by FCA "beyond ambitious," after all – retaining financial advisors on both sides could be viewed as just good business. News Source: ReutersImage Credit: Paul Sancya / AP Chrysler Fiat GM Sergio Marchionne FCA

Fiat 695 Abarth 70th Anniversary is the most absurd and awesome Fiat 500 variant yet

Fiat recently told us it would be discontinuing the Fiat 500 hatchback and convertible in America, but Europe still enjoys small cars. There, Fiat just took the wraps off the nuttiest and most shocking 500 variant of all, the 695 70th Anniversary edition. Although we won’t be getting it in America, we can't help but gawk at that spoiler. Look at it! Abarth went all out with this manually adjustable spoiler, naming it “Spoiler ad Assetto Variabile.” There are 12 different settings, varying from 0 degrees to 60 degrees in full attack. Fiat says its highest downforce setting provides 92.6 pounds of downforce at 124 mph. Testing was done in an Italian wind tunnel, ensuring the wingÂ’s functionality. It also says “Abarth” on it in big lettering, making it even cooler. The Fiat 695 Abarth is a tribute to the 70th anniversary of Abarth, which was founded in 1949 by Carlo Abarth. Only 1,949 will be made, and itÂ’s more than just the wing that sets it apart. All of the anniversary cars will get a full body kit, contrasting with the main paint color. A checkered roof and Abarth Scorpion stickers will also set it apart from other 500s. Additionally, Fiat is equipping all of them with the vocal Record Monza exhaust, a limited-slip differential, bright-red Brembo brake calipers and special 17-inch alloy wheels.  On the interior, folks will get “Sabelt Tricolor” seats only meant for this special edition car — theyÂ’re black, but they have the Italian flag colors on the headrest. Power remains the same as a regular 695 Abarth, putting out 180 horsepower and 185 pound-feet of torque from the 1.4-liter turbocharged four-cylinder. YouÂ’ll be able to hit 62 mph in 6.7 seconds with this Abarth and a top speed of 139.8 mph.