
Fiat is set to debut the high performance version of its fashionable 500 -- possibly in October at the Paris Motor Show -- and spy shots have revealed that development is well underway. If fans of the retro-mobile were let down by the Abarth model's relatively puny 133-horsepower and sub-eight-second run to 60, the SS model will improve those numbers considerably. For its range-topping city car, Fiat is likely to fit a revised turbocharged engine offering an estimated 160 horses along with the Q2 Torsen C limited slip differential from Alfa Romeo. The latest round of spy shots for the expected SS prove that the Italians are masters of restraint. Despite looking very similar to the plain-jane 500, unique cues like dual exhausts and special wheels stand to differentiate the high-performance model. We also spotted some vents in the hood of the SS which are not present on the more pedestrian Abarth. This model should be able to hold its own with the other retro hot-hatch, the MINI Cooper S JCW. Speaking of which, has Fiat noticed how well the MINI brand has been selling in the States these days?


Motor Trend is reporting that Chrysler is considering a few different options now for its 2012 midsize offerings. The first option is to stick with Project D, which is gobbling up engineering and design resources. Option two is to use either Fiat's premium midsize platform or the Nissan Altima platform, and design and engineer the rest of the vehicle from scratch. Chrysler can also decide to badge-engineer one of the vehicles, which would be a far cry from the original plan to have many vehicles spawned off one platform.
Since Fiat currently doesn't have any infrastructure in the U.S. and Nissan already has ties with Chrysler (Dodge will be building the next Nissan Titan and Nissan will be building the Hornet out of Versa parts), the Japanese automaker makes more sense.

We all know that Formula One pilots drive their cars to the very edge of their limits. What separates the godlike from the rest of the field of extremely talented drivers, however, is how close they can get to the edge without going over it. Go too far and you crash. Don't go far enough and lose. Michael Schumacher certainly falls into that rare category – tops it, even – of the exceedingly talented and accomplished, but lately, we've begun to wonder if the unprecedented seven-time world champion hasn't lost it.
Following the rumors from just a couple of days ago that Schumacher had totaled a Ferrari 430 Scuderia prototype on the Nurburgring (turns out it could have been another test driver) comes word that Shumi was involved in a traffic collision on public roads in England. A car dealer in Kent, England, reports to have been hit by a Fiat van, only to discover that it was the champion himself driving. Sound incredible? Both local police and Schumacher's spokesperson confirmed it was him. Michael reportedly cooperated with police who turned up at the scene, handed over his insurance information and was then picked up and disappeared.

The key to Chrysler LLC remaining as one of the Detroit automakers could turn out to be the rest of the world. Reuters reports that Chrysler has been chatting up both Tata Motors and Fiat as a means of survival. A deal with Tata might see the evergreen Jeep Wrangler being proffered in India by Tata, as well as the possibility of an electric vehicle partnership. The EV deal might be centered around an electron-motivated version of Tata's Ace, and those talks are running concurrently with whatever possible Jeep discussions are underway.
A little further west of Tata, in Italy, Fiat is reportedly considering leasing some of Chrysler's manufacturing capacity. A deal that puts business in Chrysler plants would certainly help rustle up some cash, while it would be mutually beneficial for Fiat as it contemplates a return to the North American market. Nobody is commenting officially, but we're likely to continue to see creative deals abound as everyone tries to keep their heads above water.

Remember the first time you moved out of your parents' house? Suddenly you were out on your own, without the security of a financial safety net. Same goes for car companies, so after Jaguar and Land Rover moved out of the Ford house and in with its new roomie Tata, suddenly the pair of British auto marques is searching for a new financial arrangement. And it's found one, thanks to the close relationship between Tata and Fiat.
Through a joint venture with French bank Credit Agricole, the Italian auto giant will be handling the financing of all new Jaguars and Land Rovers purchased across Europe. Fiat may have opted out of buying the two English automakers themselves, but the collaboration with Tata seems to be bringing them closer to Turin with each passing day.

Rumors of a new sports car from Abarth have been circulating for months, and although details are still sketchy, one thing's for sure: a mid-mounted engine is part of the package. Autocar is confirming previous rumors that Fiat's sport division has struck a deal with Lotus to use the next Elise as the basis for the new sports car.
The third generation Elise will debut in 2010, with an all-new aluminum architecture that will be slightly wider and longer than the current model. The Abarth version will feature different composite body panels, and will make use of new 240 hp, turbocharged and direct-inject four-cylinder currently being developed by Fiat. The Abarth roadster will debut in Europe a year after the Elise, and if Fiat's plans of coming to the U.S. are realized, we might even get our own version in the States.

