2014 Fiat 500c Abarth on 2040-cars

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Fiat Chrysler's Marchionne is done talking about alliances

AMSTERDAM (Reuters) - Fiat Chrysler Chief Executive Sergio Marchionne rowed back on his search for a merger on Friday, saying the car maker was not in a position to seek deals for now and would focus instead on following its business plan. Marchionne had repeatedly called for mergers in the car industry and a tie-up has long been seen as the ultimate aim of his relaunch of Fiat Chrysler, which he is due to leave in early 2019 after 15 years at the helm. He sought a merger with General Motors two years ago but was rebuffed. Only last month he said Volkswagen - the market leader in Europe - may agree to discuss a tie-up with FCA in reaction to rival PSA Group's acquisition of Opel. Marchionne told the annual general meeting in Amsterdam he still saw the need for car companies to merge to better shoulder the large investments needed, but said Fiat Chrysler was not talking to Volkswagen. "On the Volkswagen issue, on the question if there are ongoing discussions, the answer is no," he said. He added, without elaborating, that Fiat Chrysler was not at a stage where it could discuss any alliances. "The primary focus is the execution of the plan," he said. FCA has pledged to swing to a 5 billion euro net cash position by 2018, from net debt of 4.6 billion euros at the end of 2016 - an achievement that Marchionne has said would put it in a better position to strike a deal in the future. Volkswagen, which is still reeling from an emissions scandal that hurt its profits, initially spurned FCA's approach. However, CEO Matthias Mueller said last month the group had become more open on the issue of tie-ups and invited Marchionne to speak to him directly rather than with the press. Fiat Chrysler Chairman John Elkann underlined the message that finding a merger partner was not a priority. "I'm not interested in a big merger deal," he said. "Historically, deals are struck at times of difficulty ... we don't want to be in trouble." Elkann is the scion of Fiat's founder and top shareholder the Agnelli family. He has said in the past he was prepared to have the Agnelli's stake severely diluted in exchange for a minority holding in a larger auto group. "I believe the priority for FCA is to press ahead with this ambitious (business) plan despite the difficult environment," he said. FCA pledged in January to nearly halve net debt this year, as part of the 2018 plan. Doubts remain about its exposure to a peaking U.S.

Fiat 500X Abarth could pack 200 horsepower

Enticing as some of its products might be, Abarth has been rather limited. Fiat revived the name to serve as its performance sub-brand in 2007, tasking it with producing hot versions of the 500 and Punto. The Punto never even made it to America, and isn't even offered overseas anymore, either. But don't think that Fiat Chrysler is just going to let the Scorpion marque skate by on just one model for much longer. Abarth is expected to offer its own performance version of the upcoming Fiat 124 Spider that's based on the Mazda MX-5 Miata. But that's not all. According to Alfredo Altavilla, FCA's COO for Europe, Africa and the Middle East, the company is closely evaluating a performance version of the 500X (pictured here with Mopar accessories). "Besides the 124 and 500, we are thinking about an all-new addition to the line-up," Altavilla told Auto Express. "The 500X is one of the options being considered." If approved for production, the 500X Abarth would target the likes of the Mini Countryman JCW and Nissan Juke Nismo. It may be too early to make the call on powertrain options, but we could be looking at a retuned version of the adaptable 1.75-liter turbo four in the Alfa Romeo 4C that's also tipped to power the Abarth 124, with around 200 horsepower. That'd put it right in line with the 197 hp in the Juke Nismo, 215 hp in the Juke Nismo RS, and 208 hp in the Countryman JCW. This isn't the first time we've heard the prospect of an Abarth 500X brought up. The last time was the better part of the year ago, when we we hoped the project would lead to an amped-up Jeep Renegade as well. The Italian-American automaker has no intention of phoning it in with the Abarth 500X. "We went a bit too far with the Punto Abarth. Now our customers won't buy a fake. If the 500X becomes the addition to the Abarth line-up, it will be everything but a family version," said Altavilla. "Any new version of an Abarth car should deliver some sort of a performance enhancement, otherwise it is useless."

2016 Fiat 500X configurator is live, $20,000* to start

Fresh off an entertaining commercial during the 2015 Super Bowl, Fiat has unleashed the configurator for its all-new 500X CUV. And like its brother, the Jeep Renegade, the 500X starts cheap, but can get expensive in a hurry. Prices for the base 500X start at an even $20,000, not counting a $900 destination charge. That'll get you the front-drive-only, base-level Pop trim, with a 1.4-liter, turbocharged four-cylinder, six-speed manual transmission, 16-inch steelies with wheel covers, a four-speaker stereo and unlike its Jeep-branded sibling, standard air conditioning. Next up is the $22,300 Easy, and its standard nine-speed automatic transmission and 2.4-liter four-cylinder. 17-inch wheels come standard, as does a 5.0-inch touchscreen infotainment system with six-speaker stereo and Bluetooth connectivity, a Dynamic Selector Traction Control system, cruise control and remote start. For those that want to butch up the 500X's cutesy interior, the $23,100 Trekking trim adds a more aggressive front fascia with integrated fog lights and brawny 17-inch wheels. In the cabin, "premium" cloth seats replace the standard thrones. The luxurious Lounge trim starts at $24,850 and adds a 6.5-inch touchscreen with navigation, standard heated and powered cloth seats, optional leather seats, a heated steering wheel, an auto-dimming rear-view mirror, a 3.5-inch color display in the instrument cluster, a rear-view camera and four different interior color options. At the very tip-top of the range, we have the Trekking Plus, starting at a lofty $28,100. Adding basically everything from the Lounge trim with the aesthetics of the Trekking, if you really want the best 500X available, this is your CUV. This was the priciest model we could configure, hitting $33,500 with all-wheel drive, the $2,600 Trekking Plus Collection 2 (forward collision warning, auto high beams, lane departure warning and a dual-pane sunroof) and the stylish, $1,000 Giallo Tristrato paint. The prices listed above are for front-wheel drive only – adding all-wheel drive bumps up the 500X's price by $1,900. Beyond that, there are a plethora of option packages available on everything from the Easy to the Trekking Plus, meaning you'll be able to drive your out-the-door price beyond even what's listed here. These packages, like on the Renegade, will add everything from luxury features, like a heated steering wheel/seats and a panoramic sunroof, to safety items, like blind-spot monitoring and a rear-view camera.