On August 19th at Laguna Seca Golf Ranch, Monterey California, Concorso Italiano will open the traditional Monterey/Pebble Beach Weekend. The event will feature more than 800-1000 beautifully designed Italian cars on display. Enthusiasts can engage in conversations with fellow car lovers and enjoy Italian fashion, food and art. There will no doubt be an astonishing variety of Ferrari’s,...
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Avid collectors of special edition Fiat 500’s may have to travel all the way to Japan to get their hands on one of 50 limited Pop-Bi 500s, for around $26,000. The exterior features a bumble bee-themed black and yellow finish and comes with either a fixed roof or retracting canvas panel. The black and yellow...
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Fiat, has offered Canadian government $125 million for its 1.7 percent stake in Chrysler. Last week, Fiat made a $500 million offer to the U.S Treasury to buy out the remaining 6 percent stake held in Chrysler, according to Reuters. With the involvement of the U.S Treasury, Fiat hopes to increase its ownership of Chrysler...
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They made the threat before, but now it’s official: Fiat controls 52% of Chrysler, and just like in 1998 The House That Walter Built resides mostly in Europe. Late Thursday night the US Treasury Department agreed to sell its remaining 6% stake in Chrysler to Fiat, with a price tag of $500 million. And with...
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It’s been a dramatic week at Chrysler‘s financial department. Now that Chrysler’s paid off its bailout loan from the government, Fiat is looking to step in and take the government’s remaining share off its hands. Fiat already holds a not-insubstantial 46 percent share in Chrysler. But even though Chrysler and the U.S. and Canadian governments...
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After years of Citroen dominating the World Rally Championship, Fiat is getting ready to challenge the French automaker’s dominance with their own entry, based on the Punto Abarth. The Abarth has been racing in the International Rally Challenge and national rally championships with the Punto S200. The S2000 has done considerably well in a number...
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At this year’s International Engine of the Year awards, Italian powerplants claimed half of the awards handed out. Fiat managed to win four of twelve awards with the company’s 875-cc TwinAir mill. The Fiat engine achieved: Best New Engine of 2011, Green Engine of the Year, 1.0-liter Engine of the Year and International Engine of...
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The Chrysler Group LLC is expected to announce today that it has reached a deal to refinance its debt. The Auburn Hills based company plans to repay $7.5 billion in government loans to both the U.S and Canadian governments by May 24th. Chrysler owes $5.9 billion to the U.S and $1.6 billion to Canada....
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The movers and shakers of China are buying up luxury cars, and cars in general, at a dizzying pace. And Maserati is nothing if not on fire intuitive, so the skyrocketing sales in China are motivating the Italian company to expand even faster. There have been past murmurs of a “baby” Quattroporte, but the current...
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Chrysler filed documents with the Security and Exchange Commission that revealed that parent company Fiat has a one year option to increase its stake in the American automaker to as much as 70 percent. The increase is contingent on Chrysler repaying its government loans, and the automaker will be issuing new debt in a bid to allow...
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According to a tweet from Ward’s Auto, Chrysler CEO Sergio Marchionee has confirmed the existence of two new models in the pipeline, the Dodge Charger Super Bee and a Gucci-branded edition of the Fiat 500. The last generation Super Bee was mechanically identical to the Charger SRT-8, although it came in unique pastel colors and...
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Proving that you might actually be able to stop a train wreck that’s already in progress, under the stewardship of Fiat CEO Sergio Marchionne, Chrysler has posted a profit. Blaming high interest rates on its government loans for not climbing into the black earlier, Marchionne today reported a net income of $116 million, compared to...
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We don’t know if he read Forbes’ list of worst cars for 2011. All we do know is that he’s made his own list, and that he is called the Stig. That’s right, Top Gear’s ‘the Stig’ has released his list of the worst five cars he’s ever driven, with some shocking surprises and some...
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Chrysler Group LLC has just announced that it plans to fully repay the loans it took from the U.S. and Canadian governments by the middle of this year. In a statement from the auto maker, it says “Chrysler Group intends to complete the repayment during the second quarter of 2011 from proceeds of a new...
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Chrysler is preparing to pay back $6.6 billion on government loans, but the company will do so not from its own cash but by re-financing existing debt. Current terms of the government loans have Chrysler paying 12 percent interest per year. While Chrysler would not be out of debt, they would theoretically free themselves from...
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[vs-jwplayer movieid=”FRvdY9U_VDY” width=”640″ height=”390″ autoplay=”0″] After re-launching in North America last year, Fiat has just introduced its second model to our shores, the 500 Cabrio. A ‘convertible’ version of the 500 hatchback, the Cabrio is a different sort of drop-top as it retains the factory roof structure, but with a retractable material top instead of...
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We think if you ask nicely, your wife will let you decorate your home with pieces from the Fiat 500 Design Collection. And just like the car, this furniture collection is designed to save space while making a bold style statement. This uber-cool collection is sleek and modern, and it’ll be hard for your wife...
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After re-launching in North America last year, Fiat has just introduced its second model to our shores, the 500 Cabrio. A ‘convertible’ version of the 500 hatchback, the Cabrio is a different sort of drop-top as it retains the factory roof structure, but with a retractable material top instead of sheetmetal. Because of that structure,...
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Fiat has just released photos of their 500 Cabrio, the open-top version of their much-lauded 500 hatchback, a week ahead of its official debut at the New York Auto Show. Rather than a traditional convertible body style like the MINI Cooper, the 500 uses a retractable canvas roof panel that still retains the overall shape...
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In a joint statement Fiat and Chrysler have announced that the Italian automaker has now solidified a 30 percent stake in the American brand, up from the 25 percent share previously held. The increased ownership comes as Fiat achieved its latest milestone in resurrecting Chrysler after saving the company from bankruptcy in 2009. Fiat is...
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Those who have been eagerly awaiting the return of the Alfa Romeo brand to North America will have to continue to be patient as the premium Fiat group brand won’t arrive in 2012 as previously planned. According to sources inside Alfa, the brand’s launch in the U.S. and Canada has been pushed back until 2013....
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Fiat is set to increase ownership in Chrysler, from 25 to 30 percent, within the next few weeks, assuming regulatory bodies are satisfied with Fiat’s ability to meet specific demands for Chrysler. Fiat has already been able to generate $1.5 billion in revenue for Chrysler outside of North America, but still needs to build a...
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Gas prices are getting higher and Chrysler would like to sell you its Fiat 500 EV that uses no gas for $10,000 below cost. What’s the catch? No catch, except its cost could be three times higher than a $15,995 gasoline-powered version. Citing the high price of developing an all-electric city car, Chrysler Fiat CEO...
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Chrysler will have a short 2011 model year, as its revamped efforts for this year haven’t even finished arriving, while ordering for the 2012 model year cars will begin in just over a month. After its 2009 bankruptcy, Chrysler doubled down to bring out a slate of revised products for 2011. A total of 16...
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