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Archive for the ‘Fiat’ Category

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.

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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.

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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.

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“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.

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“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.

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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.

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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…)

FCA’s New Benefit Helps Employees With Big Tuition Bills

Workers find a CommonBond through new program.

by on Jan.29, 2019

Fiat Chrysler is making it easier for employees to manage student debt through its tie-up with CommonBond.

With automakers pressing ahead with new technology manufacturers are eager to bring in new talent to exploit it.

Fiat Chrysler Automobiles N.V. is adding a new wrinkle to its benefit package to help salaried employees saddled with student loans and help bring in new recruits.

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The new benefit helps FCA employees refinance their student loans through CommonBond. It is in addition to the tuition assistance program offered to employees working on an additional degree while employed by the company, FCA spokesman Michael Palese said in an e-mail. (more…)

Honda Confirms Plans to Debut Urban EV Concept in Geneva

“Electric Vision” model to usher in massive shift to battery power.

by on Jan.23, 2019

Honda will bring a production version of the Urban EV Concept to Europe in the coming year.

Honda plans to use battery power of one form or another in two-thirds of the vehicles it sells by the end of the next decade, and the Japanese automaker plans to give a sense of where its “Electric Vision” is going at the upcoming Geneva Motor Show.

The Honda Urban EV Concept builds on an early prototype shown at the 2017 Frankfurt Motor Show and is little more than a thinly disguised version of the battery runabout it soon will be launching in Europe.

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“Honda’s new electric vehicle is developed with a focus on functionality and purpose and the prototype sketch demonstrates this through its clean, simple and unique design,” the automaker explained in a statement accompanying this teaser shot. “A mass production version of the car will be on sale later in the year.”

(more…)

No-Shows, But Tesla and Musk Still Have Strong Presence at NAIAS

But can California carmaker survive the new onslaught of competition.

by on Jan.17, 2019

Tesla CEO Elon Musk showed off a prototype Model S in 2010, the last time he attended the NAIAS.

Battery-electric vehicles may still account for less than 1% of the U.S. new vehicle market, but they have had a notable presence at this year’s North American International Auto Show – something that many credit to a manufacturer that was notably absent from Detroit’s Cobo Hall convention center: Tesla.

Cadillac made a major splash during the first media preview of this year’s show, when it not only revealed the new XT6 utility vehicle but announced that it will be the first General Motors brand to use the automaker’s new all-electric platform for another SUV debuting in 2021.

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Electrifying!

Throughout the show, automaker’s either revealed new battery cars and concepts or outlined their plans for an electrified future. Volkswagen, for one, announced plans to invest $800 million to add production of two new all-electric models at its plant in Chattanooga, Tennessee.

(more…)

Detroit Auto Show Not Ready to Wave Goodbye to Winter

Final January run to see over 30 new models debut.

by on Dec.10, 2018

Toyota showed us a well-camouflaged Supra with chief engineer Tetsuya Tada at the Goodwood Festival.

The Detroit Auto Dealers Association has inked a seven-year deal with the City of Detroit that will ensure that the North American International Auto Show keeps running through at least the latter part of the next decade.

The deal also locks down the move from January to June that DADA, the sponsor of the show, announced earlier this year. That is expected to prove critical if the Detroit Auto Show is to regain its former glory or, at the very least, keep from slipping into second-tier status, something that seemed all too likely in the wake of a painfully quiet 2018 event that saw a single official media day wrap up the new car debuts shortly after noon.

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The 2019 North American International Auto Show will clearly not have the luster of years past. Virtually the entire European contingent – including brands like Audi, BMW, Jaguar and Meredes-Benz – plan to sit it out. But there will still be enough on the calendar to keep the spotlight lit. Among the products set to make their official debut at the Cobo Hall convention center are the long-awaited Toyota Supra and the Lexus RC F which is being hailed as the brand’s fastest and most powerful model ever, save for its limited-edition LFA supercar.

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