1981 Alfa Romeo Spider, No Reserve on 2040-cars

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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

2024 Alfa Romeo Stelvio and Giulia add special trims, small updates

The 2024 Alfa Romeo Stelvio and Giulia aren't much different from 2023 models, but there are some notable and welcome updates to each line. They include some small styling and feature updates for every trim, a new range-topper for the standard engine, and a super special edition and a performance upgrade for the Quadrifoglio. Every new Stelvio and Giulia gets updated exterior features to match their European siblings, such as LED headlights with smoked housings and a new grille insert. Inside, the analog dials are replaced with a 12.3-inch digital display that can show a variety of information in different layouts, including one that mimics the classic double dial design. The new Alfas also are able to accept updates over the air. 2024 Alfa Romeo Giulia Competizione View 25 Photos One of the more exciting updates to these Alfas is the 100th Anniversary Edition Quadrifoglio. It's available on both the Stelvio and Giulia, and only 100 of each will be offered globally. It's not very different to a regular Quadrifoglio, though except for gold-painted brake calipers, special badging, carbon fiber mirrors and grille, Alcantara seats and gold stitching. But it does benefit from a new feature added to all Quadrifoglio models: an actual mechanical limited-slip differential. That brings us to the Competizione trim. For the normal, four-cylinder Stelvio and Giulia, this is the new top of the line. It takes the former range-topper, the Veloce, and it adds some performance and luxury upgrades. It comes with electronically adjustable suspension and a limited-slip differential, along with sport seats. The interior also gets a leather-wrapped dashboard, red contrast stitching, darker window tint and a 14-speaker Harman Kardon sound system. Buyers can get it with an exclusive matte gray paint and red brake calipers. The Giulia can be optioned with staggered wheels, and the Stelvio gets unique 21-inch wheels. The Giulia Competizione starts at $53,115 for rear-wheel drive and $55,115 for all-wheel drive. The Stelvio is all-wheel-drive only, and it starts at $57,420. They go on sale in the second quarter of this year. Related video:

Audi rumored to buy Alfa Romeo, officials deny it

For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, all that jousting might be over: it claims that sources close to both Marchionne and Audi CEO Rupert Stadler admit that the two are in talks for Audi to buy not just Alfa Romeo, but a production plant in Italy. In fact, a final deal could possibly include partsmaker Magnetti Marelli.
Against that backdrop, a report by German news weekly Stern quotes a Fiat spokesmen as saying it doesn't comment on rumors and an Audi rep has said flatly that "There is no substance in the news." If a sale is being arranged, the timing would seem to point to how eager Fiat is to raise cash to complete its major initiatives. Even though Alfa Romeo continues to delay its return to the US, it just showed off the production version of the 4C at the Geneva Motor Show (shown above) and said that preferred Fiat dealerships here would get them. Then there's Alfa's recently concluded deal with Mazda to develop a roadster based on the next generation MX-5 Miata - a deal that would seem to help both the Italian and Japanese brands.
The monetary issues are troublesome, though. Fiat is taking a beating in the European market and its weak-kneed balance sheet is delaying gotta-have-it products like the Jeep Cherokee. Fiat has been talking to banks about getting money to buy the rest of Chrysler and those financial institutions have also raised issues about debt and cash reserves, and the nasty game of chess Fiat is playing with the United Auto Workers (and now the court system about the portion of Chrysler it doesn't own) could end up blowing another hole in Marchionne's plans. It is possible that this could finally have convinced Fiat to at least see how serious Audi's parent company, Volkswagen, is about buying Alfa Romeo. Or it could be just another rumor.