1986 - Alfa Romeo Spider on 2040-cars

Auto blog

Argentinians find stash of never-registered, brand-new 30-year-old Italian cars

While much of the world is sheltering in place, several new, never-registered Italian and French cars exited a 27-year confinement in Argentina. They were left for dead in an abandoned dealership that sold Alfa Romeo, Fiat, and Peugeot models in a city named Avellaneda near Buenos Aires, the country's capital. Details surrounding the dealership are murky. Argentina's Autoblog (no relation to us) reported it closed at some point during the 1990s after the owner and his son died in violent circumstances. Automotive archaeology tells your author it likely shut its doors in 1993, because that's the only year in which the first-generation Fiat Ducato launched in 1981 and the post-facelift Fiat Tipo, axed in 1995, overlapped. Both are clearly visible in the photos. What's certain is that someone finally inherited the property in 2020 and wanted the cars gone as quickly as possible in order to sell it. The anonymous owner asked Kaskote Calcos, a local body shop that also runs a used-car lot, to haul them away via Instagram. We're guessing the firm didn't need to be asked twice.           View this post on Instagram                       A post shared by Axel By Kaskote (@kaskotecalcos) on Mar 24, 2020 at 1:57pm PDT Many of the cars hidden in the dealership were made by Fiat; the photos show several examples of the Tipo, an Uno, a Tempra, and the aforementioned Ducato. An Alfa Romeo 33 wagon and a Peugeot 405 were also stashed in the trove. Most were stored indoors so they weren't damaged by sunlight or humidity, and images of the cars taken after they were pressure-washed confirm they're in like-new condition inside and out. We're told some even started, though for the love of valves and pistons we hope they got a new timing belt before being fired up.  Kaskote Calcos hasn't revealed what it will do with the cars. None are particularly sought-after, they're economy cars that were mass-produced and mass-destroyed, and their current values reflect that. You can get a post-facelift Uno for the price of a few Peroni pints in Italy. The fact that they're new, never-registered examples will undoubtedly increase their appeal, even if registering them could require slashing through jungles of red tape. As a side note, finding a 405 beached in a Fiat dealership isn't as random as it might sound.

Stellantis and Foxconn's new joint venture will focus on connectivity

MILAN — Carmaker Stellantis and TaiwanÂ’s Foxconn announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5G communications. Stellantis CEO Carlos Tavares said the services that will be developed through the tie-up “will mark the next great evolution of our industry,” alongside fully electrified and hybrid powertrains. The deal brings together Stellantis, the worldÂ’s 4th-largest automaker formed this year by the merger of Fiat Chrysler Automobiles and PSA Peugeot, and Foxconn, a major supplier of iPhones. The companies said the venture would focus on such services as infotainment, the integration of telecommunications and computer systems, artificial intelligence-based applications, 5G communications, e-commerce channels and smart cockpit integration. The companies announced a non-binding memorandum of understanding to form a 50-50 joint venture called Mobile Drive, which will be based in the Netherlands and function as an automotive supplier also to other carmakers. The new venture will combine advanced consumer electronics, Human-Machine Interfaces (HMI) to create new services “that will exceed customer expectations,” the companies said in a release. “Customers today and, in the future, demand and expect ever-increasing software-driven and creative solutions to connect the drivers and passengers with the vehicle inside and out,Â’Â’ Foxconn Chairman Young Liu. Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot 5g Connectivity Stellantis Foxconn

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.