1971 Fiat 500l Recently Shipped From Italy on 2040-cars

Auto blog

Record for tightest parallel parking job provisionally broken again

When you're the best at something, well, you want to keep being the best at something, even if that something is setting world records in parallel parking. Or, based on how often and quickly this record changes hands, perhaps that's especially when it's setting world records in parallel parking. Alastair Moffatt has held the record twice, his reign broken twice by Han Yue, who did it last time in November 2014. That effort reduced the distance between cars to a eight centimeters (3.15 inches). Moffatt was double-dog dared to take his crown back in front of a crowd at the Autosport International Show in Birmingham, England, and he accepted the challenge. Then he beat the challenge, using a 2015 Fiat 500C to shrink the record-setting gap to 7.5 centimeters (2.95 inches). The folks at Guinness are waiting on a few more scraps of documentation from Moffatt's team to make it official, but we figure he knows what he's doing by this point. Once it's been given the stamp, we have a feeling we'll be getting a call from China. Until then, there's video of the new record being set above, and a behind-the-scenes video below. We guarantee you have no idea how much goes into this. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Stunt Drive UK via YouTube, Road & Track Fiat Convertible Hatchback Videos fiat 500c Guinness World Records parallel parking

Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall

Marchionne completed Fiat-Chrysler deal from a Florida beach

Sergio Marchionne is the CEO of Fiat, which as you may have heard, has finally worked up a deal to finish acquiring the Chrysler Group after months of bargaining with the United Auto Workers and its VEBA healthcare trust, which owned just over 40 percent of the American brand. Where was Marchionne when the deal was finally hammered out? Well, not tucked away in a frigid Detroit board room until the wee hours of the morning.
Nope, one of the largest deals in automotive history was reportedly hammered out on the beach - at the home of a banker, in the Florida resort town of Vero Beach. Marchionne traveled to the home of Alain Lebec, a senior managing director at Brock Capital LLC, one of the advisory companies for the VEBA fund, where both sides met to make final arrangements in the $4.35-billion exchange. The location of the final deal, though, is nearly as remarkable as the pace with which it came about.
According to anonymous sources pinned down by Automotive News Europe, before the meeting, the two sides were meeting in Detroit as recently as December 19, which is where Fiat made one of its final revised offers. Naturally, the VEBA made a counter offer, which led Marchionne to initiate the Vero Beach meeting.