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Fiat Chrysler's London offices will be small, with financial focus

Fiat Chrysler's decision to locate its new corporate headquarters in jolly old London won't herald a sprawling relocation effort. Instead, it's very likely that the FCA outfit will be a small one, primarily focused on finance.
The report comes from Automotive News Europe, which claims FCA's London office will employ about 50 people with backgrounds in finance. CEO Sergio Marchionne and Fiat Group Chairman John Elkann will both have offices at the corporate headquarters, as well.
ANE cites an anonymous source that claims the people employed at the London office will focus primarily on treasury operations. It's unlikely that FCA will take on any additional employees specifically for its UK offices. That said, FCA isn't likely to downsize either its Turin or Auburn Hills offices once London comes online.

Fiat 500X coming in early 2015, 'specialty' product later that year

With its name freshly on the mailbox at the Chrysler Technical Center, Fiat took its turn on the stage for Fiat Chrysler's five-year plan. Unlike the other members of FCA, though, the maker of the mustachioed minicars didn't have a great deal to talk about.
The big (and most heartbreaking) news is the announcement that Fiat will begin selling a trucklet. There was no mention of specifics, although we are sad to report that it will be reserved for Latin America alone. Sigh.
For US Fiat consumers, you can look forward to the rumored 500X, which as we've reported before, will be quite closely related to the Jeep Renegade. We can expect the bigger, all-wheel-drivier 500 to hit showrooms in early 2015 after the 500X makes its debut in Paris.

Marchionne's pay as Fiat CEO falls to $5M

Sergio Marchionne will be buying fewer of his iconic sweaters, as his 2013 pay from Fiat took a dip from $6.24 million to an even $5 million. Marchionne, who was also CEO of Chrysler, made $307,989 thanks to some stocks and benefits from the American company, although he didn't take a salary. Of that $5 million paid by Fiat, $3.19 million came from Marchionne's fixed salary while the remaining $1.8 million was paid for hitting unspecified performance targets.
The news comes from Fiat's compensation reports, which also showed that the 61-year-old, who already owned three million shares in Fiat at the end of 2013, was able to receive an additional 2.3 million shares through a stock incentive program. According to Automotive News Europe, the additional shares would be worth about $25 million at today's prices, although so far, Marchionne has declined to claim the extra shares.
According to ANE, Fiat reported a 2013 trading profit of $4.7 billion.