{"id":5411,"date":"2019-07-11T08:29:06","date_gmt":"2019-07-11T13:29:06","guid":{"rendered":"http:\/\/planesintheair.com\/?p=5411"},"modified":"2019-07-11T08:29:08","modified_gmt":"2019-07-11T13:29:08","slug":"fiat-bets-on-electric-500-as-it-moves-on-from-renault","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=5411","title":{"rendered":"Fiat Bets On Electric ‘500’ As It Moves On From Renault"},"content":{"rendered":"\n
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FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at the U.S. headquarters in Auburn Hills, Michigan, <\/figcaption><\/figure>\n\n\n\n

TURIN, Italy (Reuters) – Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France’s Renault.<\/p>\n\n\n\n

FCA’s chief operating officer for Europe, Middle East and Africa, Pietro Gorlier, announced the investment – the Italian-American company’s biggest single bet on an electric vehicle – at its Mirafiori plant in Turin, northern Italy.<\/p>\n\n\n\n

“The plan is confirmed,” Gorlier told reporters, when asked if FCA’s investment in electric vehicle technology would remain unchanged after its $35 billion plan to merge with Renault, an electric car pioneer, collapsed last month.<\/p>\n\n\n\n

He said FCA would invest the 700 million euros to build a new production line at Mirafiori to turn out 80,000 of the new 500 BEV, its first battery electric vehicle to be marketed in Europe after a smaller, initial foray in the United States.<\/p>\n\n\n\n

Production will start in the second quarter of 2020, with capacity to be expanded later, Gorlier said.<\/p>\n\n\n\n

The 500 compact car is one of the group’s most famous models, launched by then Fiat in the late 1950s and quickly becoming a symbol of Italian urban design.<\/p>\n\n\n\n

The 700 million euros investment is part of a plan announced last year to invest 5 billion euros in Italy up to 2021.<\/p>\n\n\n\n

In abandoning its merger offer for Renault, FCA blamed French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker.<\/p>\n\n\n\n

($1 = 0.8878 euros)<\/p>\n\n\n\n

(By Giulio Piovaccari; Editing by Mark Bendeich and Mark Potter)<\/p>\n\n\n\n

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Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3794,5637,2303,2203,4059,1397,868],"tags":[930,116,1830,4856,2315,5274,3160,5265,1350,463,1767,5266,207,1631,5673,5204,2063,1931,1795,5743,5110,5744,718,412,3172,1247,5745,515,5273,1288,3076,1093,1691,1658,3210,444,3112,1272],"class_list":["post-5411","post","type-post","status-publish","format-standard","hentry","category-auto-news","category-business-news","category-electric-vehicle-news","category-finance-news","category-green-energy-news","category-stock-news","category-transportation-news","tag-930","tag-american","tag-auto","tag-automaker","tag-battery","tag-bev","tag-bid","tag-chrysler","tag-design","tag-electric","tag-europe","tag-fiat","tag-france","tag-french","tag-iconic","tag-invest","tag-italian","tag-italy","tag-line","tag-makeover","tag-merge","tag-mirafiori","tag-new","tag-news","tag-northern","tag-plant","tag-politics","tag-production","tag-renault","tag-reuters","tag-states","tag-technology","tag-transport","tag-transportation","tag-turin","tag-united","tag-urban","tag-vehicle"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5411"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5411\/revisions"}],"predecessor-version":[{"id":5414,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5411\/revisions\/5414"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}