Sergio Marchionne (photo above), CEO and architect of the merger that created Fiat Chrysler Automobiles NV, triumphantly rang the closing bell on the New York Stock Exchange last week to mark the company’s debut. Wall Street investors weren’t really listening.
Fiat is touting the 500x’s Italian styling as a standout feature that will help the car win sales in the booming but hotly contested subcompact crossover segment.
The 500X’s styling reflects the cute iconic design of the 500 minicar from the 1960s and “when you buy a 500, you buy a little piece of Italian lifestyle”, said Olivier Francois, Fiat brand global boss, at the car’s unveiling at the Paris auto show.
A tax concession that Luxembourg authorities granted to a subsidiary of Fiat Chrysler Automobiles may constitute illegal state aid, the European Commission said today.
An Italian consumer group is inviting car buyers to join a class action lawsuit against Fiat and Volkswagen over allegations that the companies exaggerated the fuel-saving credentials of their vehicles.
After conducting tests on Fiat’s Panda 1.2 and Volkswagen’s Golf 1.6 TDI models, Altroconsumo said on Tuesday the two models were between 18 and 50 percent less fuel efficient than stated by the two manufacturers in their marketing and sales material.
Fiat Chrysler will source a new midsize pickup for Europe and Latin America from Mitsubishi Motors.
The truck will be based on the next-generation Mitsubishi L200 model, Fiat and Mitsubishi said in a statement.
