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Judge refuses to reconsider GM lawsuit against Fiat Chrysler

A federal judge in Detroit said Friday that he will not reconsider his July dismissal of General Motors’ racketeering lawsuit against Fiat Chrysler Automobiles. U.S. District Judge Paul Borman wrote in an opinion that new evidence presented by GM regarding bribes and foreign bank accounts “is too speculative to warrant reopening” the case. Borman also ruled that the earlier dismissal of the case was not done in legal error. GM alleged that FCA used foreign bank accounts to pay bribes to former United Auto Workers Presidents Dennis Williams and Ron Gettelfinger, as well as Vice President Joe Ashton. It also alleges that money was paid to GM employees including Al Iacobelli, a former FCA labor negotiator who was hired and later released by GM. GM said the payments were made so the officials would saddle GM with more than $1 billion in additional labor costs. “Even if the affidavits establish that these foreign bank accounts exist, that fact does not rise to the inference advanced by GM, that FCA was more-than-likely using the bank accounts to bribe UAW officials,” BormanÂ’s order stated. GM said Friday that it would appeal BormanÂ’s ruling to the Sixth Circuit Court of Appeals. “TodayÂ’s decision is disappointing, as the corruption in this case is proven given the many guilty pleas from the ongoing federal investigation,” GM said in a statement. “GMÂ’s suit will continue — we will not accept corruption.” FCA lawyers wrote in court documents that allegations it bribed union officials are “preposterous” and read like a script from a “third-rate spy movie.” Gettelfinger denied the allegations in a statement and said he had no foreign accounts. WilliamsÂ’ California home was raided by federal agents but he has not been charged. Iacobelli, who is awaiting sentencing in the federal corruption probe, also denied the claims. “Judge BormanÂ’s ruling this morning once again confirms what we have said from the beginning — that GMÂ’s lawsuit is meritless and its attempt to submit an amended complaint under the guise of asking the court to change its mind was nothing more than a baseless attempt to smear a competitor that is winning in the marketplace,” FCA said Friday in a statement. Related Video: Government/Legal Chrysler Fiat GM

FCA-Renault revival may hinge on willingness to cut Nissan stake

Fiat Chrysler Automobiles and Renault are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker's alliance partner Nissan, according to several sources close to the companies. Nissan is poised to urge Renault to significantly reduce its 43.4% stake in the Japanese company in return for supporting a FCA-Renault tie-up, two people with knowledge of its thinking also told Reuters. It is still far from clear whether any concerted effort to revive the complex and politically fraught deal can succeed. FCA Chairman John Elkann abruptly withdrew his $35 billion merger offer in the early hours of June 6 after the French government, Renault's biggest shareholder, blocked a vote by its board and demanded more time to win Nissan's backing. Nissan representatives had said they would abstain. The failure, which FCA and Renault blamed squarely on the French government, deprived both companies of an opportunity to create the world's third-biggest carmaker with 5 billion euros ($5.6 billion) in promised annual synergies. It also shone a harsh light on Renault's relations with Nissan, which have gone from frayed to fried since the November arrest of former alliance Chairman Carlos Ghosn, now awaiting trial in Japan on financial misconduct charges he denies. REVIVAL TALKS Italian-American FCA — whose brand stable encompasses Fiat runabouts, Jeep SUVs, RAM pickups, Alfa Romeo luxury cars and Maserati sports cars — has so far turned a deaf ear to suggestions by French officials that its merger proposal could be revisited. But since the breakdown, Elkann and his French counterpart Jean-Dominique Senard have had talks about reviving the plan that left the Renault chairman and his Chief Executive Thierry Bollore upbeat about that prospect, three alliance sources said. Renault and a spokesman for FCA declined to comment. One of Elkann's senior advisors on the Renault merger bid, Toby Myerson, was expected at Nissan headquarters in Yokohama on Monday for exploratory discussions with top management, two people with knowledge of the matter said. Nissan CEO Hiroto Saikawa is likely to attend. Myerson did not respond to a message from Reuters seeking comment. The meeting comes amid mounting strains that may preclude compromise, after Senard warned Saikawa that Renault was prepared to block key Nissan governance reforms in a dispute over board committees.

2019 Fiat 500 Abarth Final Drive | Farewell to the Hellmouse

The market for tiny hot hatchbacks hatchbacks was always small in the United States, but it's getting even smaller. The Ford Fiesta ST has joined the dearly departed and soon to join it is the Fiat 500 Abarth, which Fiat has announced will go away along with its less caffeinated 500 siblings. Before it does, though, we got one more romp in the little monster and learned that, even with its age and rough edges, it’s still one of the most fun and charismatic machines you can get for the money. You're reminded of it the second you twist the switchblade key. The little turbo 1.4-liter four-cylinder has a gnarly burble at idle that wouldnÂ’t seem out of place in a muscle car. It only gets better when you start cruising around. The burble becomes a raging howl, and shifting right at redline results in a whiplike crack. ItÂ’s intoxicating. The 500 Abarth is boisterous, but itÂ’s not exactly fast. At 160 horsepower and 183 pound-feet of torque, most of its competition, such as the Veloster Turbo and Civic Si, feature at least 200 horsepower. The turbo isnÂ’t especially fast to spool up, and the engine isnÂ’t quick to rev either. But itÂ’s peppy enough, and the slowly building boost comes on very smoothly. As such, itÂ’s easy to manipulate what power the Abarth has. And the exhaustÂ’s placebo effect is omnipresent. But make sure the car is in Sport mode. If it isnÂ’t, the amount of boost is restricted, making the Abarth feel more like the normal 135-horsepower 500, and no amount of noise will distract you from that. The tiny turbo engine can be paired with either a five-speed manual or six-speed automatic transmission. The manual is a pretty average unit. The shifter is well-placed, but the throws are long and ropey. The pedal position is excellent, making rev-matched downshifts easy. Only having five gears to choose from seems strange in this day and age, but the long-ish ratios work nicely with the slow, low-revving engine. And you donÂ’t have to mess with the wriggly shifter too much. The automaticÂ’s six ratios feel like a good number, and each ratio is closely spaced, which helps keep the car in the power band. It shifts quite smoothly and fairly quickly, too, whether youÂ’re in automatic or manual mode. The automatic even makes smart downshifts when slowing for corners. ItÂ’s a good unit that doesnÂ’t detract from the experience. Curiously, the automatic model makes more torque at 183 pound-feet to the manualÂ’s 170.