Detroit Bureau on Twitter

Archive for the ‘Fiat’ Category

Auto Stocks Taking a Beating as Industry Prepares for Mexican Tariffs

Domestic, import automakers alike hammered by Trump plan.

by on Jun.03, 2019

GM imports more vehicles from Mexico than any other automakers, including the Chevy Silverado.

It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today.

Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in an effort to pressure that country to stem illegal immigration across the southern border. Barring any resolution, Trump said that would continue to climb to 25% by October 1.

Beyond the Headlines!

Nearly a dozen manufacturers would quickly be forced to either raise prices on vehicles imported from Mexico and risk weakening sales, or absorb the tariffs and take a hit to their bottom lines. But even vehicles produced in the U.S. would face tariffs on imported parts and components, such as engines, wiring harnesses and body and interior trim, according to industry analysts.

(more…)

Fiat Chrysler and Renault Poised to Form New Alliance

Pairing would form third-largest automaker.

by on May.26, 2019

Could another sign change be in Fiat Chrysler's future?

What appeared to be a two-horse race to partner up with Fiat Chrysler Automobiles N.V. is now just down to one – Renault SA – with a deal potentially announced as early as Monday.

The deal, which was reported first by Bloomberg News, not only provides some each company with a strong ally to shore weak areas, it also opens the door to a potential deal with the Renault Nissan Alliance.

Global News!

In late March, FCA was linked to talks with Renault as well as another French automaker, Peugeot, about a tie-up of some sort. While a deal was never consummated with either automaker at the, it appears discussions with Renault have been fruitful. (more…)

EU Auto Tariffs Deadline Fast Approaching

European and American automakers alike hope for delay.

by on May.15, 2019

President Donald Trump has until May to either enact new tariffs on EU autos or order a delay.

With one trade war already underway, the White House could kick off another battle this weekend as the May 18 deadline nears for Pres. Donald Trump to decide whether to impose tariffs on European auto imports.

Any move would follow the completion of a Commerce Department study completed last February that concluded auto imports pose a threat to America’s national security. The president has not given a clear indication of how – or whether – he will respond as a 90-day deadline approaches, though he has had harsh words about European automakers in the past, at one point threatening to banish all Mercedes products from the streets of his home city, New York.

Breaking News!

Auto imports from Europe totaled $56.4 billion last year, according to Commerce figures, Germany responsible for the bulk of that. The risk of new tariffs sent shares of German manufacturers BMW, Daimler and Volkswagen reeling in recent days. But even U.S. automakers, as well as suppliers and dealers, have been pressing the Trump Administration to hold back on launching a new front in the trade war.

(more…)

Nissan Adds Another Nail to Convertible Coffin with Plans to Kill 370Z Roadster

Choice of ragtops growing increasingly thin.

by on May.02, 2019

Nissan will still offer the Z Roadster overseas, but it's dropping the ragtop in the U.S. due to slow sales.

Nissan is pulling the plug on its 370Z Roadster at the end of the 2019 model-year, the Japanese automaker has confirmed, marking the end of one of the brand’s most iconic offerings.

The good news for roadster fans is that the coupe version of the sports car will remain in production indefinitely – which doesn’t mean it will last forever, just that there are no current plans to once again remove it from the line-up.

Product News!

The 370Z Roadster joined the Z Coupe after it was returned to the Nissan family in 2009, part of the automaker’s turnaround program. Its demise comes as automakers rethink their passenger car strategies and, in particular, cull their slow-selling convertible offerings.

(more…)

Fiat Chrysler Confidently Pays First-Ever Dividend

Payout marks optimism about rest of 2019 performance.

by on Apr.15, 2019

Fiat Chairman John Elkann told shareholders at the FCA annual meeting that he expected strong results in 2019.

The top executives of Fiat Chrysler Automobile N.V. delivered an upbeat assessment of the company’s future prospects during the company annual shareholder meeting in Amsterdam, agreeing to pay a dividend to shareholders for the first time since Fiat took effective control of the Chrysler Group in 2009 and brought it out of bankruptcy.

In the first shareholders gathering since the death of Sergio Marchionne, FCA’s longtime chief executive, it fell to John Elkann, Fiat’s chairman, to deliver an optimistic forecast for 2019 despite the drop in the company’s business in North America and the slowdown in the sales of Jeep, which has emerged as the company’s principal brand.

Global News!

Elkann, the representative of the founding Agnelli family, which has run Fiat for more than 100 years, told investors the Italo-American group was ready to play a part in the “new and exciting” era for the auto industry. (more…)

From Minicars to $4M Hypercars, Something for Everyone

Check out the debuts from the foreign makers.

by on Apr.15, 2019

The New York International Auto Show will see dozens of new model introductions this year.

There’s been plenty of talk about the end of the auto show era, and we’ve certainly seen a lot of manufacturers step back from the lavish previews that were the norm in decades past. That said, this year’s New York International Auto Show looks to be a major event, with close to three dozen vehicles making either their North American or global debut.

There’s something for everyone’s taste and budget, from the new, entry-level Nissan Versa all the way up to the special edition Bugatti Chiron Sport “110 ans Bugatti,” a hypercar expected to go for somewhere around $4 million. No surprise, there’s a particular focus on sport- and crossover-utility vehicles, reflecting the ongoing shift in the U.S. market.

Subscribe Now!

We’re waiting to hear more about some of the products coming to the 2019 NYIAS, several automakers promising to deliver some surprises – such as the all-electric concept Genesis has been hinting at. But here’s a look at the foreign automaker’s products we already know about that will debut at the Jacob Javits Convention Center this coming week. (We’ve put the American brands in a separate piece due to length.) (more…)

Fiat Taking Top Off New 124 Spider Urbana at NYIAS

Latest edition of soft top carries on long tradition.

by on Apr.12, 2019

The 2019 Fiat 124 Spider Urbana Edition will make its debut at the New York International Auto Show.

Brand new convertibles fresh out the door from the factory have become a scarce commodity but they are still around.

Fiat, however, is planning to use the New York International Auto Show to show off the new 2019 Fiat 124 Spider Urbana Edition, which carries on a classic soft-top tradition.

Auto Show News!

“With the most powerful four-cylinder turbo engine in its class, our Italian-designed Fiat 124 Spider offers an authentic top-down roadster experience with fun-to-drive dynamics,” said Steve Beahm, head of Passenger Car Brands – Dodge, SRT, Chrysler and Fiat, FCA – North America. (more…)

Fiat Chrysler Without Fiat?

Brand’s future in U.S. market increasingly uncertain.

by on Mar.19, 2019

Could FCA be ready to pull the Fiat brand out of the U.S.? There are indications it could happen.

When the Fiat brand made its return to the U.S. market after a quarter-century absence it seemed a no-brainer; after all, a weak economy and soaring oil prices had Americans trading in their big sedans and SUVs for small, fuel-efficient products like the Fiat 500.

After some initial launch problems that led to the complete shake-up of the brand’s management team, Fiat started to gain traction, sales jumping to nearly 44,000 in 2012 and growing another 5% by 2014, just as the brand began to roll out additional product. But that bubble quickly burst and, last year, Fiat brand sales fell to barely a third of their peak just four years earlier, raising questions about whether it has any staying power in a market that is largely snubbing it.

News You Can Trust!

“Fiat has certainly struggled,” said Stephanie Brinley, principal analyst at IHS Markit. “Their current products are not in line with what people want. They have to do something.” (more…)

10 Best from the 2019 Geneva Motor Show

Choices range from city cars to super cars.

by on Mar.07, 2019

This year's Geneva Motor Show was smaller than in year's past, but there were plenty of debuts for the press to cover.

It may be snowy up in the hills outside Geneva, but things were decidedly green inside Palexpo, the sprawling convention center that serves as home to the city’s annual auto show. The event wasn’t quite as busy this year, a number of automakers choosing to sit things out, as has been the growing industry trend. That said, there were some significant debuts during the Geneva Motor Show media preview.

And green really was the word, manufacturers rolling out more than a score of environmentally friendly products. That included quite a few all-electric models, but also hybrids, plug-ins and even a breakthrough gas engine.

Auto Show News!

As always, Geneva covered a broad spectrum of product segments, from little city cars, such as the Honda e, all the way up to hypercars like the 1,900 horsepower Pininfarina Battista. Here’s a look at 10 of our favorites among the new products that debuted at the 2019 Geneva Motor Show: (more…)

Fiat Concept Centoventi Offers Ultimate in Customization

New model debuted in Geneva hopes to curry favor like the 500.

by on Mar.06, 2019

The Fiat Concept Centoventi offers the ultimate in customization, right down to how far you can travel on a charge.

Fiat’s new concept, the Centoventi, looks to set a new standard for customization and simplicity for buyers, while hoping to capture the imagination of buyers the same way the Fiat 500 did starting in the 1950s.

The Centoventi, which is Italian for “one hundred and twenty,” is an electric vehicle designed more like a gizmo than a car. It comes in only one color, but can be personalized using the “4U” program which gives buyers a choice of four roofs, four bumpers, four wheel covers and four external wraps.

Product News!

Additionally, the interior can be customized with different configurations, infotainment systems and the even the size of the battery can be selected to determine how much range each Centoventi will have. (more…)