Over 20 New 2013 Abarth Models Available Now!!! All At $2,000 Off Msrp!!! on 2040-cars

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Fiat buying rest of Chrysler in $4.35 billion deal, IPO avoided

Chrysler will now become a wholly owned member of the Fiat family, as it's been announced that the 41.46-percent stake in the Auburn Hills, MI-based manufacturer owned by the United Auto Workers' VEBA trust fund will be sold to the Italian company. Concluding the agreement will mark the closure of a piecemeal purchase process that could have resulted in an initial public offering.
The total cost of the sale will see the VEBA healthcare trust receive $4.35 billion, $3.65 billion of which will come from Fiat. $1.75 billion of that will be cash, while an additional $1.9 billion will be part of a "special distribution." An additional $700 million will be paid over four separate installments according to reports from Automotive News Europe and USA Today, although the shares will belong to Fiat following the first payment. The deal was reportedly initially struck on Sunday (though it is just being announced today), and is being portrayed as particularly good news for Fiat and Chrysler, which have now prevented the remaining shares going to the stock market in a UAW-forced IPO.
"The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization that will ensure all employees a challenging and rewarding environment," Fiat CEO Sergio Marchionne said in a statement.

SEMA-fied Fiat 500Ls are ready for mountains or beaches

Fiat may be struggling with its 500L, but that hasn't stopped the Italian brand from bringing a pair of the larger five-door 500s to the SEMA Show in Las Vegas.
First up is the Fiat 500L Adventurer (pictured above). Painted bright white with a Vibrance Bright Orange roof and Satin Black body accents, the 500L Adventurer's color scheme does well on the car's body. The 18-inch wheels look sharp, although we aren't enamored with the 500L graphics on the car's doors. The cabin sports black, perforated suede and leather from Katzkin, while the exterior's contrasting orange reappears on some of the interior elements. Underhood, a Mopar cold-air intake has been fitted, while a cat-back exhaust aids breathing even more.
The Fiat 500L Thalassa (right) is the the car that looks like a creamsicle, with its Vibrance Orange body and white roof. Fiat claims it was going for a beach cruiser theme, which explains the surf boards and the Woody Wagon-inspired wheels. It's given a modern twist, though, with a lowered ride height and smoked head and taillights.

Abarth 124 Spider is one furious Fiata

If you've been thinking of picking up a nimble new roadster, but can't decide between the Mazda MX-5 Miata and its Italian counterpart the Fiat 124 Spider, the vehicle you see here might tip the balance. It's the new Abarth 124 Spider, tuned by the Italian automaker's performance division. And it's just made its debut here on the floor of the 2016 Geneva Motor Show. The Abarth version, of course, is based on the Fiat model, which in turn is based on the Mazda. But the one with the Scorpion emblem offers a number of performance upgrades. Under the hood is still a 1.4-liter turbo four, producing the same 184 pound-feet of torque, but in Abarth spec offers a more prodigious 170 horsepower (up from 160). Buyers will still be able to choose between a six-speed manual or automatic transmission, but the rest of the components are no-brainers: Brembo brakes, Bilstein dampers, and a Record Monza exhaust. The steering is electrically assisted, but it has a proper mechanical limited slip differential, there's a Sport button, and the electronic nannies can be fully defeated for hooning around on track. The sum total is a 0-62 time quoted at 6.8 seconds and a top speed at 143 miles per hour. Bear in mind that these are specs for the European model, though, and could change if and when the Abarth spider makes its way to our shores. View 11 Photos Of course the technicians at Mirafiori didn't leave it there, equipping the Abarth 124 Spider with an array of visual enhancements as well. There's a full aero kit, larger air vents, 17-inch alloys, and a black hood to cut down on glare (and make it look more businesslike). The interior is all done up in Alcantara, with a small-diameter steering wheel, short gear lever, aluminum pedals... the works. As if all that isn't enough to get your motor running, Abarth has also worked up a rally version to recall its glory days of old. The Abarth 124 Rally is built to FIA R-GT regulations, and ditches the 1.4-liter engine for a 1.8 mounted further back and producing an impressive 300 hp. It also has a fixed roof, full roll cage, and a long list of other competition-spec upgrades that are too long to list here, but you can read all about them in the second of the two press releases below. View 17 Photos This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.