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The tiny Italians are coming! That's right gentle readers, Fiat has dropped two little baby 500s off inside COBO Hall – and one of them's electric. Let's start with that one, the uninspiringly titled Fiat 500 BEV (background). The suffix stands for "Battery Electric Vehicle." Let's call it truth in advertising. The powertrain is carried over from the work Chrysler's now defunct ENVIgroup had been working on for the past couple years. We can't say too much more (hint, hint), but rumor has it that this sucker is fast. Also, no tail pipe(s).

Fast is good, however, and the Cinquecento that sets our hearts all a flutter is (obviously) the 500 Abarth SS. Or as they say in Italy, Abarth Esse Esse. That last part of the name is significant, as it indicates this particular 500 doesn't have 133 horsepower, but rather 160 hp. The beauty part? After standing next to the Abarth for a few moments it becomes uncomfortably obvious that its much smaller than the Mini. Meaning... all sorts of wonderful things.

Other than that, the Abarth SS has five-point harnesses tied into racing seats and perhaps the best badging in the industry. Scorpions are every where. Take a close look at the shot of the wheel. Not only does the center cap sport a scorpion, but the valve-stem cap does, too. It's all about sweating the small stuff. Lusting over it, too. No specific information is available on the time line/likelihood of either car ever showing up in a Chrysler dealer near you.

With every passing week comes another report of how Fiat and Chrysler will be sharing products. If it's not Chrysler-badged Lancias then it's Lancia-badged Chryslers or an Alfa-badged Jeep. As for the Fiat division itself, the emerging strategy appears to be to bring the 500 retro-mini over and set it up as something of a brand of its own, with sights set squarely on BMW's Mini and forgoing the rest of the Fiat line-up.

Earlier reports indicated that we'd be getting four versions of the 500 Stateside, including basic hatch, cabrio and upcoming wagon in addition to the Abarth performance model. But rather than start with the basics and work its way up, or launch the entire range simultaneously, the latest news suggests that Fiat is preparing to hit U.S. soil running by starting off with the 500 Abarth. According to WardsAuto, the Fiat 500 Abarth – complete with 133-horsepower turbocharged four, upgraded suspension and all the sporty touches that make an Abarth an Abarth – will arrive at Chrysler dealers in 2011 with an $18,000-$19,000 price tag. Fiat reportedly targets selling 20,000-25,000 units of the 500 Abarth in the first year.

By the time the 500 Abarth arrives, we'll likely be looking at an updated version with even more oomph. With the standard hatch, the open-top 500C and the upcoming Gardiniera wagon expected to follow, there's no telling if the initial model will be the only Abarth on offer, or whether Fiat will follow up with the even hotter EsseEsse version (pictured above), racing models like the Assetto Corse or R3T, an Abarth convertible or specials like the 695 Tributo Ferrari or an Opening Edition of our own.

[Source: WardsAuto.com]

The battle has been raging since time immemorial. From Point A to Point B, which is faster: a big exotic supercar or a nimble li;' hatch? Fiat's two performance divisions, Abarth and Ferrari, ask why you can't have the best of both worlds with the new Abarth 695 Tributo Ferrari.

The special-edition 500 packs a 180+hp 1.4-liter 16-valve turbo four, a retuned suspension, paddle-shift transmission, 17-inch rims, Brembo brakes and unique touches in every nook and cranny of the diminutive retro hatchback, from the Sabelt seats and Jaeger instruments to the 430 Scuderia paintjob and carbon fiber everything. It's a package that punches far above its weight, but we're waiting for our invitation to flog it around Fiorano against the new 458 Italia.

Still waiting for that baby Ferrari to come along? This may be as close as you'll get. Confirming earlier reports, Fiat's Abarth and Ferrari subsidiaries have gotten together to collaborate on a special 500 to honor Maranello. We first heard about a special Ferrari edition 500 last year when we were in Italy test driving the new Alfa MiTo. But while the previous 500 created for Ferrari was used solely as a courtesy car for Ferrari owners bringing in their cars for service, this new Frankfurt-bound special edition will actually be available for purchase by the general public.

Called the 695 Tributo Ferrari, the special Cinquecento packs a 1.4-liter 16-valve turbo four tuned by Abarth and Ferrari engineers to produce over 180 horsepower, snorting through a variable exhaust system and mated to a paddle-shift automated manual transmission. 17-inch rims crowd the little wheel wells, mounted to a sport-tuned suspension and packing 284mm Brembo brake discs.

The most attention-getting detail, of course, is the paint scheme, decked out in Scuderia Red with Racing Grey stripes to mimick the outgoing 430 Scuderia. All we've got on the interior so far is that Jaeger has been commissioned to make the special instruments and Sabelt provides the bucket seats (probably similar to the ones we reported on recently).

This isn't the first time the Prancing Horse and the Scorpion marques have come together, Fiat pointing to the 1953 Ferrari 166/250 MM Abarth for reference. And whether this proves to be more of a marketing ploy or a serious set of wheels remains to be seen, but it's got to be better than the Michael Schumacher edition Fiat Stilo from a few years ago. For our part, we wouldn't mind pitting this against the upcoming Toyota iQ-based Aston Martin Cygnet to determine who'll be king of the exotic-branded superminis

PRESS RELEASE

The Abarth 695 "Tributo Ferrari"

The Abarth 695 "Tributo Ferrari" makes its world debut at Frankfurt. This new performance version of the Abarth 500 confirms the link between Abarth and Ferrari based on shared values that include a passion for performance, a racing soul, attention to detail and Italian style.

Abarth and Ferrari are two great names that have contributed, with conviction and dedication, to the legend of Italian racing that is known around the world. The legendary men behind both marques followed very similar careers: first drivers, then tuners and finally heads of companies that command genuine respect in the world of motor racing. These extraordinary men were associated in the past: in 1953, for example, a unique Ferrari-Abarth was born, the Ferrari 166/250 MM Abarth. The car raced in various international trophies including the legendary Mille Miglia. The tie between the two companies has been reinforced above all by the exhaust systems designed by Abarth specifically for the cars built at Maranello: numerous exhaust systems have been made for various Ferrari models, some of which have won World Championship titles.

The two brands have recently renewed their collaboration. The first result of this was the supply of a limited and numbered series of Abarth 500's to Ferrari's European dealers in recent months for use as "courtesy cars".

Now, attention turns to the new Abarth 695 "Tributo Ferrari", an exclusive vehicle that not only enables Abarth to extend its range by entering into the luxury sports car market, but also offers Ferrari customers a small but exciting small car for all their mobility needs, including practical urban mobility.

The new Abarth 695 "Tributo Ferrari" is distinguished by a number of stylistic changes, but more importantly by substantial modifications developed by Abarth and Ferrari engineers. The engine, for a start, is a 1.4 Turbo T-Jet 16v, tuned to develop over 180 HP. This is combined with an MTA (Manual Transmission Automated) electromechanical gearbox with race-inspired paddle gearshift that makes full use of the engine's performance by reducing gearshift times.

To improve acceleration, the car is fitted with performance tyres on 17'' alloy wheels featuring a design inspired by Ferrari wheels. The suspension and braking systems have also been strengthened to cope with the extra power: 284 mm multi-section discs with fixed four-piston calipers, both by Brembo, and special shock absorbers let you enjoy performance in total safety.

And of course there is a "Record Monza" variable back-pressure "dual mode" exhaust, designed to improve engine performance and deliver an inspiring sound over 3,000 rpm.

On the outside, the car is finished in Scuderia Red, with carbon fibre door mirrors and with details like the wheels and rear air intakes in Racing Grey. This new Abarth is equipped with Xenon headlights with dipped and main beam functions for improved light emission and excellent efficiency under all weather conditions. Made by Magneti Marelli Automotive Lighting, these elements deliver three times the light intensity and duration of standard halogen lamp headlights.
The interiors are also personalised and demonstrate the attention to detail and the sporting style that are common to both brands. "Abarth Corsa by Sabelt" seats are fitted and finished in black leather with a shell and seat base in carbon fibre. These seats offer a perfect blend of racing characteristics – light weight (10 kg less than the standard seat) and the ability hold the body steady against lateral and longitudinal forces, thanks to body support elements filled with crush-resistant foam – with the ergonomics and comfort of road seats.

The black leather steering wheel is characterised by red leather inserts and a tricolour hub on which the MTA gearshift paddles are mounted, while the instrument panel is specially made by Jaeger, and inspired by typical Ferrari instrumentation. Attention to detail has gone into the floor too: the foot wells are covered entirely in non-slip aluminium and the racing pedals are personalised with the Scorpion logo. The interior is embellished with other details too, like special kick plates and a plate bearing the vehicle series number.

When the American Foundation for AIDS Research kicks off its seventeenth annual Cinema Against AIDS Gala later this month at the Cannes Film Festival, they'll be shooting to raise major coin and in the process, hopefully break their record of $7 million taken in at last year's event. Big names like former President Bill Clinton, actress Sharon Stone, movie producer Harvey Weinstein and singer Annie Lennox will be on hand to help the foundation achieve its goals, along with the special one-of-a-kind car you see here.

Melding the best elements from the Fiat 500C unveiled in Geneva this past March and the Fiat 500 Diesel Edition unveiled last fall in Paris, the Fiat 500C by Diesel features a special dark green metallic paint job and special detailing inside and out, topped by the Italian automaker's retro folding fabric roof. The plethora of Diesel logos and special denim interior trim are motivated by Fiat's 100-horsepower 1.4-liter engine in the place of the fixed-roof Diesel Cinquecento's 75hp 1.3-liter unit. Only one example will be made, and the bubble bauble will go home with the highest bidder at the charity event on May 21.

[Source: Fiat]

We all know by now that Fiat will take an initial 20% stake in Chrysler in exchange for supplying the bankrupt automaker small-car platforms and fuel efficient drivetrains. Further down the road, Fiat will have the opportunity to purchase a large stake in Chrysler, upping its ownership to 35% and between 2013 and 2016, the Italian automaker can take an additional 16% share of Chrysler, bringing its total to 51% and gaining majority control. However, until Chrysler repays its loans to the U.S. Treasury, Fiat's share must be kept at 49%. For Fiat to take control of Chrysler, the crew from Auburn Hills will need to pay back over $10 billion in loans, and we remain suitable skeptical that Chrysler will be able to return the cash – particularly with new products from Fiat still 18 months away, at least.

[Source: SMH]

For Chrysler, the cornerstone of its proposed alliance with Fiat is for the Italian automaker to supply its domestic partner with smaller, more fuel efficient platforms and drivetrains. It's been assumed that the Fiat 500 would be one of the vehicles Chrysler plans to market in the U.S., but according to a the Wall Street Journal, it may have more than a subcompact up its sleeve.

According to the report, Chrysler showed its (troubled) dealers the automaker's future products today in Auburn Hills, Michigan, and along with the all-new 2011 Jeep Grand Cherokee and a revised Chrysler 300, a "sporty little sedan" produced by Fiat was in attendance.

Chrysler's head of design, Ralph Gilles, told dealers that the automaker intends to have its own version of the car, with Fiat providing the chassis and Chrysler designing the exterior.

Although the WSJ's source didn't specify which Fiat was shown, informed speculation says that it was likely the Fiat Bravo, which would make a killer Dodge Caliber replacement and would finally provide Chrysler with a true successor to the Neon after its demise in 2006.


[Source: WSJ]

Marking the first time in a long time that an Italian vehicle other than a Lamborghini or Ferrari has appeared at a U.S. auto show, Chrysler Vice Chairman Jim Press showed up at his company's press conference this morning in a Fiat 500. "We're not announcing anything," he made sure to say as he exited the vehicle and took his place on stage to start the presser, though the act speaks for itself. Chrysler's future hinges largely on whether it can broker a partnership deal with Italian automaker Fiat before the government's newly imposed deadline that arrives in less than a month. Before he began reciting reassurances that Chrysler's OK to the crowd of journalist, Press remarked, "Wouldn't that make a great company car." Indeed it would, Jim.

Making a convertible out of a fixed-roof car inevitably takes its toll on structural rigidity, though every automaker under the sun has tried to come up with a solution. For the 500, Fiat has reached back into its history to the original 1957 Cinquocente and fitted the new one with a canvas roof folding back between solid roof rails. The resulting 500C lets the sunshine in – at least, some of it – while keeping the retro hatchback's profile, which promises a uniquely Italian answer to the cabrio equation.

As promised Fiat offered today a preview of its future 500C set to be revealed in March at the Geneva Motor Show.

The 500C has the same dimensions as the coupe version: 3.55 m x 1.65 m x 1.49 m. It is also powered by the same three engines available in the hardtop: a 1.3-liter 75 hp Multijet turbodiesel, 1.2-liter 69 hp gad unit, or 1.4-liter 100 hp gas engine. The big difference is what Fiat calls, "a fully fledged window to the sky."

The 500C follows in the tradition of the original Fiat 500 and uses a rolling roof design that allows the car to retain the shape of the coupe. Because the car does not lose its B or C pillars, structural rigidity that can easily be lost when turning a car into a convertible should be minimized here. The soft top will be available in three colors (ivory, red and black) and sales should begin in Europe in the spring.