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The Fiat Panda is just one of several cars that will be sold in the U.S. under the Chrysler/Fiat alliance. It will most likely be badged as a Jeep.
There has been plenty of speculation as to which Fiat vehicles will make it on to North American roads as a result of the merger with Chrysler, but thanks to bankruptcy filings, the mystery has been solved.
In total, it looks like five or six Fiat and Alfa Romeo models will make their way over, as well as two engines and one impressive transmission.
Robert Manzo, the executive director of Capstone Advisory Group LLC, a company that is working with Chrysler during the Chapter 11 filings, stated clearly that the vehicles are the Fiat 500 and Panda, the Grande Punto and Alfa MiTo as well as the C-Evo based sedan and Milano 940.
The Fiat 500 and and Panda will fit into the micro-car category, although the Panda isn’t exactly micro. As more of a compact crossover, it will likely be branded as an entry-level Jeep.
The Alfa Romeo MiTo, will come over as a sporty sub-compact, and the Fiat Grande Punto will be a sub-compact hatchback.
From left: Alfa Romeo MiTo and Fiat Grande Punto
The only thing that isn’t entirely clear is the talk of the C-EVO platform and the Milano 940. While these two vehicles would be more mid-sized, they may actually only be one vehicle. The C-EVO is a platform, expected to underpin the successor to Alfa’s 147 (likely the 149), whereas the Milano 940 is a concept car based on the platform. We expect to know more when Alfa brings new products to the Frankfurt Auto Show in September.
In terms of engines, the agreement would see two Fiat motors travel across the ocean. The first is a 3.0-liter diesel and the second is a 1.4-liter gasoline powerplant. The deal will also see a new state-of-the-art double-clutch transmission come over for use in many of these new models.
*** UPDATE *** Moments after Chrysler released an announcement that a partnership with Fiat was a done-deal, the American auto manufacturer released another statement with slightly revised wording stating that it had just a “framework” of a deal in place. *** UPDATE ***
Hours after President Barak Obama gave Chrysler a deadline of 30 days in which to solidify a partnership with Fiat, a deal has indeed been made.
“We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a framework of a global alliance, supported by the U.S. Treasury,” said Chrysler Chairman and CEO Bob Nardelli in a press release issued by Chrysler. “Chrysler has consistently said that the alliance with Fiat enhances its business model that expands its global competitiveness. We appreciate the willingness of the Task Force, along with industry and financial experts, to consult closely with us in order to achieve this significant step”
The new partnership will see Fiat provide Chrysler with technology, products and several vehicle platforms for global distribution.
“Fiat strengthens Chrysler’s ability to create and preserve U.S. jobs; gives U.S. consumers more choices for environmentally advanced vehicles; gives its dealers more of the products they need to be successful; helps stabilize the supplier base; and allows Chrysler to pay back government loans sooner,” continued Nardelli.
“I want to personally assure all of our customers, dealers, suppliers and employees that Chrysler will operate ‘business as usual’ over the next 30 days. While we recognize that we still have substantial hurdles to resolve, Chrysler is committed to working closely with Fiat, the Administration, U.S. Treasury and the Task Force to secure the support of necessary stakeholders.”
The final details of the Chrysler and Fiat partnership (whether it be a merger or ownership) must still be worked out over the next 30 days, after which Chrysler is still seeking $6 billion to get the new Chrysler on its feet.