FCA to invest $788M to build new 500 EV in Italy

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Thread: FCA to invest $788M to build new 500 EV in Italy

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    FCA to invest $788M to build new 500 EV in Italy

    FCA Investing $788 Million To Build All-New Fiat 500 EV In Italy
    BY DAN MIHALASCU
    JULY 11, 2019
    carscoops.com

    Fiat Chrysler Automotive is putting behind its failed bid to merge with Renault with an uplifting announcement for the future.

    The Italian-American carmaker said it plans to invest €700 million ($788 million) in the all-new, all-electric Fiat 500. That’s FCA’s biggest single bet on an electric vehicle to date.

    FCA’s COO for the EMEA (Europe, Middle East, and Africa) region, Pietro Gorlier, announced the investment at the Mirafiori plant in Turin, Italy which turns 80 this year. “The plan is confirmed,” Gorlier told the media when asked if FCA remained committed to investing in electric vehicle technology after the plan to merge with EV specialist Renault collapsed.

    CONTINUE AT LINK ABOVE
    Last edited by nadepalma; 07-11-2019 at 03:33 PM.
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    Re: FCA to invest $788M to build new 500 EV in Italy

    “This car was entirely conceived, designed and engineered here. It is a genuine product of ‘Made at Fiat’ and ‘Made in Turin’ ingenuity. It is another excellent example of the ability to create and innovate which abounds in our company and in this city,” Gorlier said.

    LOLZ. Thanks, I'm still laughing. This guy do The Comedy Club on weekends?

    I won't mention how it would've been smarter to buy Volt plans and drorrings and tooling from GM and go with what actually worked, except in the Volt tragedy the parent was too freakin stupid to know how to sell or update it.
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    Wow an electric 500.... 12 people in the world will rejoice

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    Re: FCA to invest $788M to build new 500 EV in Italy

    But they already announced a new Panda Electric at Geneva in March. That Centoventi concept was a Panda. That car will pay for this investment, I would think. European appetite for a Panda-sized electric should be bigger, right?

    I am just a guy in Midwestern America, where all of this seems dubious at best.

    The 500 needs friends. I get that. But I would hope this is piggybacked onto something larger. Electric Panda sounds cool...

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by jzchev28 View Post
    Wow an electric 500.... 12 people in the world will rejoice
    From what im told, In California, the 500E is the best seller of the 500 trims... Its actually the Best 500 Built.

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by Chassis Guy View Post
    But they already announced a new Panda Electric at Geneva in March. That Centoventi concept was a Panda. That car will pay for this investment, I would think. European appetite for a Panda-sized electric should be bigger, right?

    I am just a guy in Midwestern America, where all of this seems dubious at best.

    The 500 needs friends. I get that. But I would hope this is piggybacked onto something larger. Electric Panda sounds cool...
    Especially considering City/Subcompacts usually get worse Mileage than you think when Gas powered.

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by jzchev28 View Post
    Wow an electric 500.... 12 people in the world will rejoice
    the 500 WAS a popular seller in the UK and I believe all of europe

    Quote Originally Posted by 69gtsdart View Post
    Especially considering City/Subcompacts usually get worse Mileage than you think when Gas powered.
    often in the USA the "C" segment cars are the best fuel economy due to better aero and better powertrains with LESS cost cutting to get to a price point - cruze out performs the SONIC

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    Quote Originally Posted by 69gtsdart View Post
    Quote Originally Posted by jzchev28 View Post
    Wow an electric 500.... 12 people in the world will rejoice
    From what im told, In California, the 500E is the best seller of the 500 trims... Its actually the Best 500 Built.
    Still nothing worth bragging about, with their small amount of sales they probably only had to sell 25 500E's last month in California to be a it's top trim

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by jzchev28 View Post
    Wow an electric 500.... 12 people in the world will rejoice
    As Fritz Mondale famously commented about the people who gave him a great job, "Minnesotans like ****ty haircuts." And some people like ****ty cars. Yes we can!
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    Re: FCA to invest $788M to build new 500 EV in Italy

    Poor ChryCo.....suffering in anguish so they can be raped and pillaged for products like this.....

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    Re: FCA to invest $788M to build new 500 EV in Italy

    They fund the development of crap like this, yet starve Dodge and Chrysler for product. It's such a shame.

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by Neanderthal View Post
    “This car was entirely conceived, designed and engineered here. It is a genuine product of ‘Made at Fiat’ and ‘Made in Turin’ ingenuity. It is another excellent example of the ability to create and innovate which abounds in our company and in this city,” Gorlier said.

    LOLZ. Thanks, I'm still laughing. This guy do The Comedy Club on weekends?

    I won't mention how it would've been smarter to buy Volt plans and drorrings and tooling from GM and go with what actually worked, except in the Volt tragedy the parent was too freakin stupid to know how to sell or update it.
    So true. I think the second generation was a seriously handsome looking car and they should have expanded on the technology by putting it in other products like the pickups or an SUV/CUV or two.
    Quote Originally Posted by DequindreToo View Post
    They fund the development of crap like this, yet starve Dodge and Chrysler for product. It's such a shame.
    It's almost like every new owner is secretly trying to kill what they bought then rearrange it and call it their own. Thank God for Jeep though I sometimes fear for it too. Infest the world with little electric 500's that remind me of those little cars on the track in a pricing game on TPIR.

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by 1958carnut View Post
    So true. I think the second generation was a seriously handsome looking car and they should have expanded on the technology by putting it in other products like the pickups or an SUV/CUV or two.


    It's almost like every new owner is secretly trying to kill what they bought then rearrange it and call it their own. Thank God for Jeep though I sometimes fear for it too. Infest the world with little electric 500's that remind me of those little cars on the track in a pricing game on TPIR.

    FIAT owners love their cars, but they have to admit they leak, and **** fails that should never fail in warranty. FIAT and Alfa both are so far behind in Quality and responsiveness, that they just don't belong. Embarrassed to have them in the Chrysler family...

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by DequindreToo View Post
    They fund the development of crap like this, yet starve Dodge and Chrysler for product. It's such a shame.
    I read a comment on an EV forum that make sense
    FCA needs to BUY carbon credits from Tesla in Europe so FCA is faced with
    option
    "A" keep paying Tesla
    "B" build an EV to lower their carbon footprint to REDUCE the fines/credits
    the 500 is a decent seller in European cities and commands a good mark up compared to the Panda + being a compact reduces the chance of LONG trips being a primary concern and small and pricy = a good way to cover the cost of a battery EV

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    Re: FCA to invest $788M to build new 500 EV in Italy

    Quote Originally Posted by Neanderthal View Post
    “This car was entirely conceived, designed and engineered here. It is a genuine product of ‘Made at Fiat’ and ‘Made in Turin’ ingenuity. It is another excellent example of the ability to create and innovate which abounds in our company and in this city,” Gorlier said.

    LOLZ. Thanks, I'm still laughing. This guy do The Comedy Club on weekends?

    I won't mention how it would've been smarter to buy Volt plans and drorrings and tooling from GM and go with what actually worked, except in the Volt tragedy the parent was too freakin stupid to know how to sell or update it.
    Volt and Voltec was an abject lesson in how to not build an EV
    or at least, don't start out with a pure BEV and change the plan
    to include a gas engine simply to to get approval and allay any
    fear of another EV1 by the GM board
    .


    Had Lutz stuck to his BEV conviction and faced down the fears of GM's board
    that a BEV Volt was another EV1 tragedy, I think that GM would be miles ahead with BEVs today.
    Last edited by jpd80; 07-17-2019 at 05:08 AM.

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