2014 Fiat 500l Trekking on 2040-cars

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Fiat loses $14k on every 500e it builds, Marchionne doesn't want you to buy one

Fiat Chrysler Automobiles CEO Sergio Marchionne made some interesting comments during a frank and entertaining talk at the Brookings Institution earlier today, saying he hoped that no one bought the Fiat 500e, the well-received EV based on the adorable Italian car.
"I hope you don't buy it," said Marchionne, during a talk and question-and-answer session that focused on the aftermath of the automotive bailouts, "because every time I sell one, it costs me $14,000."
"I'm honest enough to tell you that I'll make the car, I'll make it available, which is my requirement. I'll sell the limit of what I'm required to sell and not one more," Marchionne said. "If we build just those vehicles, we'll be back in Steve [Rattner's] successor's office in Washington asking for a second bailout, because we'll be bankrupt by Christmas"

Fiat board makes Chrysler merger official, approves $5.4B bond sale

Fiat's board of directors has officially approved the merger plan that will see the conglomerate's automotive operations merged with Chrysler into the new Fiat Chrysler Automobiles.
The plan essentially provides a road map for the structure of the new company. It includes provisions for Fiat shareholders - one Fiat share will translate to one share of FCA common stock. The new company will also include a loyalty voting structure, which will provide for shareholders of Fiat stock or those that have held FCA stock for at least three years. According to the plan, these shareholders would see their voting power double, with two votes for every share of FCA's common stock. The overall merger plan still needs to be approved by the company's shareholders.
In other Fiat-related news, the company's board has announced a bond issuance of four billion euro ($5.4 billion). The new bonds should provide the company with a degree of flexibility in refinancing debts associated with the merger plan.

The Fiat 500 GQ Edition is not all that it appears to be

With Fiat's business model effectively previewed by rival Mini's moves toward success throughout the years, it's certainly no surprise to see the Italianate 500 start to cough up some limited edition models. The 500C has already, and famously teamed with Gucci (via a small J.Lo kerfuffle) and now Fiat has brought a 500 GQ Edition to Geneva, presumably for gentlemen drivers with style.
The co-branding with Gentleman's Quarterly includes orange GQ badges that match 500 logos of the same color. The show car seen here is presented in a matte grey and carbon black paint scheme that will not be offered for the public when the car goes on sale in Europe (500 Bait and Switch Edition is more like it). Instead, European customers will get a two-tone metallic grey/black 500S, with chromed mirror caps, unique 16-inch wheels, orange brake calipers. Inside we're told the car will offer unique leather seats and a leather-covered gear knob.
See the show car in our gallery above, and scroll down below for the press release.