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Feds investigating FCA sales fraud focusing on strange code word

The US government is currently investigating Fiat Chrysler Automobiles (FCA) over the possibility of sales fraud, and according to The Wall Street Journal, the investigation has revealed a strange phrase about a nonexistent "unnatural acts department." People knowledgeable about the term told The Wall Street Journal that this phrase was a "rallying cry." Basically, if it looked like the company, region, or dealer wasn't going to hit sales targets, this was a sign that some outside-the-box sales solutions were needed. People told the news outlet those solutions could include selling cars at a loss or having the dealer buy a fleet of customer test-drive cars. However, this could also be evidence of some less savory ways to boost sales. In addition to the investigation, the company is already facing at least one lawsuit from a dealer group that alleges it would bribe dealers to pad monthly sales figures. FCA had an incentive to maintain sales numbers as well, considering that it was claiming a long streak of increasing sales. Under scrutiny recently, the company changed its sales reporting practices and numbers for previous years. Under the old reporting methods, it was possible for dealers to sell cars, report the sales, and then cancel or "unwind" the sales later. This wouldn't count as a lost sale, but the car also couldn't be recorded as another sale later. As a result, an unscrupulous dealer could have hypothetically used it to "sell" a car one month and "unwind" it the next. If FCA knew about this, it's also possible the company could have pushed dealers to use the system for false sales, something the Feds theorize may be related to the "unnatural acts department" phrase. It's still entirely possible this "unnatural acts department" was just a corporate term for thinking of creative ways to meet sales goals. And selling cars at a loss is definitely unnatural for businesses that are trying to make money. Whatever the phrase truly meant to dealers, it certainly is bizarre. Related Video: News Source: The Wall Street JournalImage Credit: GIUSEPPE CACACE/AFP/Getty Images Government/Legal Chrysler Fiat FCA fiat chrysler automobiles fca us investigation

Marchionne backs off merger plans, could retire after 2018

FCA boss Sergio Marchionne is stepping back from plans to attempt a major auto industry merger like the oft-speculated deal with General Motors last year. According to Bloomberg, Marchionne now wants to grow his automaker through 2018, and then the 63-year-old could retire around the end of that year. Marchionne claims he received merger proposals last year, but he couldn't find an attractive enough partnership. "We went back to concentrate on the 2018 plan which would boost Fiat Chrysler's value and its position in a deal," he said to Bloomberg. He still believes that a big merger is possible, but "it will be someone else's duty," he said after previously hinting about possibly staying at FCA until 2020. Marchionne was clear that any chance for the GM merger was likely over. "I met Mary Barra less than a month ago in Washington," he told Bloomberg. "I don't think I will have another coffee with her. It won't happen again in the future." Now, the boss intends to spend the rest of his time at FCA building the automaker through its five-year plan, and his goal is to grow global deliveries to seven million units a year by 2018. To make that happen, the automaker will invest around $52 billion over that time to improve its brands' product slate. Marchionne began backtracking from the possible GM merger late in 2015 after it became clear that The General's board wasn't interested. Earlier in the year, he seemed more aggressive about the prospect by suggesting a hostile takeover with a bizarre metaphor about giving the company a hug. Related Video: News Source: BloombergImage Credit: Richard Drew / AP Photo Chrysler Fiat GM Sergio Marchionne FCA fca us

2023 Fiat 500e Abarth revealed, quicker than the gas model

The much-loved Fiat 500 Abarth finally has a successor, and now it's electric. The 500e Abarth takes the regular model and adds a much more powerful electric motor, plus sportier styling. And while outright power is less than the top gas model, Fiat says that the new Abarth is faster on track. On the outside, the Abarth features the brand's name plastered across the nose in place of the regular "500" logo and chrome bar. The scorpion badge now sits on top of the hood. The front bumper is unique with more aggressive air vents and a deeper air dam. The side skirts are new, too, and the rear bumper diffuser gets white inserts to match the front air dam. The Abarth scorpion badges on the sides have been tweaked to fit the electric theme, and the car gets new 18-inch wheels and some of the coolest side stripes we've seen in some time. Inside, the Abarth in the launch Scorpionissima trim gets a three-spoke steering wheel, Alcantara upholstery and stainless steel pedals and door sills. The major performance upgrade for the 500e Abarth is the motor. It makes 153 horsepower and 173 pound-feet, compared to the next most-powerful 500e at 118 horsepower. It will get the little hatchback from 0 to 62 mph in 7 seconds. Fiat didn't say much about suspension and brake upgrades, but we assume they've been improved to match the sporty pretensions of the Abarth. Especially as Fiat says the electric Abarth will lap the company's Balocco test track more than a second faster than the current gas-powered 500 Abarth 695, which packs 180 horsepower. Certainly the lower center of gravity, wider track and longer wheelbase play some role, but there are likely other upgrades at work. The Abarth won't be going farther than the regular 500e, though. It uses the same 42-kWh battery, which returns 199 miles of range on the WLTP cycle in the 500e. In the Abarth, with its more powerful motor, range is likely to decrease somewhat. Owners worried about the lack of sound from an electric car won't have to worry about that with the Abarth. Available is an external sound generator. It can produce an emulated exhaust note based on the gas-powered Abarth models audible to the driver and to passersby. Fortunately, it can be switched off, too, if you don't like the idea of fake exhaust sounds. We sort of wish they opted for a more creative and less "realistic" sound like Dodge did with the Charger Daytona concept and its Fratzonic exhaust sound generator.