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Fiat contemplating sub-brand to compete with Dacia, Datsun

You can add Fiat to the admittedly short list of automakers considering a low-cost brand to rival Dacia. The inexpensive Eastern European brand from Renault-Nissan has performed on the balance sheet like a premium model line, and the money the alliance is taking off the table is encouraging other players to deal themselves in. Pretty soon Nissan's Datsun sub-brand will join the Dacia party, going on sale in Russia, Indonesia and India and will claim even more rubles, rupiahs and rupees for the parent company. Volkswagen recently said it will make a decision this year on a budget line for the Chinese market. With the euthanasia of Lancia and plans to move the Fiat brand upmarket, company CEO Sergio Marchionne wonders aloud to Automotive News Europe whether there could be room for a new budget brand underneath Fiat.
We're told that the initiative has been in the idea box for five years and even moved to the stage of name considerations, like Innocenti, but worries about profit kept it from realization. If such a range were to be developed, Marchionne says it couldn't be built in Italy and stay within budget, and the company is "analyzing its manufacturing capacity outside of Europe to see if a low-cost brand is viable."

Fiat ups Chrysler stake by 3.3%, inches closer to full control

Fiat is one step closer to completing a merger with Chrysler after exercising an option to acquire an additional 3.3 percent of the Auburn Hills-based automaker today. Automotive News reports that Fiat now controls 68.49-percent of Chrysler, which is up almost 10 percent since we last heard news of this deal back in February when Fiat talking to various banks to raise more capital in order to complete the acquisition.
The article says that Fiat is still able to increase its stake in Chrysler up to 75 percent over the next 12 months, but it sounds like CEO Sergio Marchinonne would rather purchase the remaining shares from VEBA - the retiree benefits trust - sooner rather than later. Unfortunately, the two sides still seem far from an agreement on a fair price for the rest of Chrysler, as Fiat has them valued at $4.2 billion compared to the $10.3 billion estimate from the unions that currently own the remaining stake in Chrysler.

Road Race Motorsports rolls out Fiat 500 M1 Turbo Tallini Competizione

We've seen some pretty radical modifications based on the Fiat 500 - from the Abarth 695 Biposto to that ridiculous idea to put a Ferrari engine in the back of a Cinquecento - but we never seem to get tired of it. On that note, we bring you the Fiat 500 M1 Turbo Tallini Competizione.
Built by Road Race Motorsports, the M1 takes a tarmac-rally approach and features an extensive list of modifications. For starters, the engine has been retuned to produce 250 horsepower and 250 pound-feet of torque, helping to knock a second off the 0-60 time (7.2 seconds from the factory). Upgraded brakes net a 20-percent improvement in stopping distance, and Road Race has put a special emphasis on high-speed stability and cornering performance.
Other modifications include a limited-slip differential, carbon-kevlar clutch and a reworked suspension with Bilstein shocks, stiffer bushings and upgraded sway bar, with 16-inch wheels wearing Toyo Proxes rubber. In addition to a full carbon-fiber widebody kit that helps cut 120 pounds off the curb weight, Road Race has given the M1 a new front air dam, side skirts, hood vents, brake ducts and rear spoiler. The interior has similarly been upgraded with racing buckets, five-point harnesses and a roll cage.