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Is this 1983 Fiat Spider EV conversion worth Porsche 911 GTS money?

$140,000 can buy a lot of car. Nothing about Fiat Spiders built in the 1980s would be described as "a lot," unless you're referring to the quantity of maintenance that is sometimes required just to keep them on the road. In that context, this eBay find, a 1983 Pininfarina Spider America EV conversion, might be a bit of a two-for-one. Not only do you get a lot more power, but you might even get a lot more reliability.  Sure, you could score a brand-new Porsche 911 Carrera GTS for the price of this humble Italian roadster, but the fine folks of Roadster Salon think they might be able to make it worth your while.  This conversion retains the stock five-speed manual transmission, but mates it to a dual-motor electric drive unit that produces an unspecified amount of horsepower and more than 200 pound-feet of torque. Admittedly, those numbers don't really stack up nicely against the brand-new Porsche's, but, hey, at least it's a manual? The power unit itself is supplied by Electric GT, which has carved out a niche for itself developing electric "crate motors" that are as close to plug-and-play as possible, which should be a point in favor of this conversion's overall build quality, as custom fabrication would have been kept to a minimum.  Roadster Salon will also go over the suspension and steering components, updating them to modern standards (and ostensibly to support the extra power from the EV conversion), so you're getting more for your money than just some electron-pumping spinny bits.  So, it's much fancier than your run-of-the-mill 1980s Fiat Spider; you just have to spend a lot more money for the privilege. Like, an astronomical amount. Oh, and the car hasn't actually been built yet; what you're bidding for is a build slot in a forthcoming 2020-21 production allocation.  If you desperately want your own Fiat Pininfarina Spider America EV but can't stomach the $139,995 price tag, we have great news. Roadster Salon will sell you an "EV Junior" variant, which retails for just $89,995 — a bargain! Alternatively, you can wait for Electric GT to finalize its crate Fiat crate EV motors for mass production and just slap one together yourself. How hard can it be?

FCA's new Heritage HUB showcases 250 rare Fiats, Lancias and Alfa Romeos

Fiat Chrysler Automobiles (FCA) has opened a new facility near Turin, Italy, dedicated to preserving and celebrating the company's Italian brands, as well as the historic cars each has created. It's bigger than the average Costco, and it houses more than 250 pieces of automotive art, some of which have never been publicly displayed. It's called the FCA Heritage HUB. The HUB building is itself a piece of history. FCA restored the old Officina 81 in Via Plava of the historic Mirafiori industrial district on the south side of Turin. At 161,459 sqare feet (the average Costco is 145,000 sq ft), it's a massive open space that allows for both business and pleasure. In the rafters, photos and text tell the timeline of Mirafiori, but the floor focuses on Fiat, Lancia, Abarth, and Alfa Romeo. Although part of the space is dedicated to the "Reloaded by Creators" vintage restoration sales department, the portion we're interested in is shown in the massive gallery above. FCA says it has more than 250 vehicles on display, and some have never been shown. The "central area," which explores cars from 1908 to 2008, is separated into eight themes, each of which has eight cars. The eight areas include Archistars, Concept and Personalized Cars, Eco and Sustainable, Epic Journeys, Records and Races, Small and Safe, Style Marks, and The Rally Era. Some of the cars featured at the new shop include the Lancia Lambda, the Fiat 500 Topolino A, the Fiat 130 Familiar, the Fiat X1/23, the Fiat Ecobasic, the Fiat Campagnola AR 51, the Fiat 1100 E, the Fiat 124S, the Lancia Delta HF Integral Group A, the Fiat S61, the Lancia Alfa Sport, the Lancia D50, the Lancia Beta Montecarlo Turbo, the Lancia LC2, the Lancia Augusta, the Lancia Ardea, the Fiat ESV 1500 and 2000, the Fiat Barchetta, the Lancia Aurelia B20, the Lancia Fulvia HF 1600, and the Lancia Stratos HF. Check out the gallery and below videos to see the full extent of what the HUB has to offer. Featured Gallery FCA Heritage Hub View 47 Photos News Source: FCA Alfa Romeo Fiat Lancia Automotive History Classics FCA fiat chrysler automobiles

Fiat Chrysler Automobiles targets mid-October IPO

The merged Fiat Chrysler Automobiles is targeting October 13 to launch its initial public offering on the New York Stock Exchange, CEO Sergio Marchionne told reporters assembled for a meeting in Rimini, Italy.
"The most likely date for the listing in the US is October 13," Marchionne said, according to Reuters.
Marchionne is trusting that the money made in the IPO will be contribute heavily his ambitious, $64-billion five-year growth plan, which will see FCA reboot Alfa Romeo and Maserati and expand Jeep's global presence. Should the IPO fall short, though, Marchionne has confirmed that "all decision [sic] on any capital increase will be taken by the board of FCA at the end of October."