Ferrari CEO Made €8.7 Million in 2010 or Twice as Much as Fiat Group CEO Sergio Marchionne

It's no secret that top car executives make big money, but the situation at the Fiat Group is particularly interesting. How else could one describe the fact that in 2010, Ferrari's chairman, Luca Cordero di Montezemolo, was paid more than twice the amount of money than the CEO of the entire Fiat Group, Sergio Marchionne?

The Ferrari boss pocketed €8.7 million in 2010 (US$12 million), while Marchionne received a paycheck of €3.5 million ($4.8 million). For his role at Ferrari, di Montezemolo received €7.549 million, with the rest of the amount being awarded for his contribution as Fiat CEO between 2004 and 2010. Marchionne's compensation was €3.05 million as head of Fiat and €423,300 for his role at Fiat's Swiss branch.

Let's face it, running a business like Ferrari can't be twice as difficult as running the entire Fiat Group. But it sure pays a whole lot better. The third best paid executive in the group last year was Angelli heir and Fiat Group chairman, John Elkann, who earned €589,000, while all other board members made between €65,000 and €95,000 each.

By Dan Mihalascu

Source: AutonewsEurope

Très Chic: New Special Edition of the Fiat 500 by Gucci Heads to Geneva

As they say, good marketing always finds a reason to celebrate. This time, Fiat's marketing team is feeling festive about the 150th anniversary of the unification of Italy and Gucci's 90th anniversary. As a result, the automaker has joined forces with Gucci for the creation of a new special edition version of the 500 mini that will be showcased at next week's Geneva Salon in a dedicated Gucci pop-up store within the Fiat stand.

The limited edition version of the 500 was customized by Gucci Creative Director Frida Giannini in partnership with Fiat's Centro Stile. It will be available in two flavors, either in black with detailing in shiny chrome, and a two-tone black and white interior, or with a white exterior paint with satin chrome detailing, and ivory and black interior.

Both versions get 16-inch alloy wheels wrapped around 195/45 R16 tires with the hubcaps featuring the interlocking GG logo in the same color of the body of the car, plus the Italian fashion house's signature on the rear hatch and B-column, and Gucci’s signature green-red-green stripe, which runs along the entire perimeter of the car. In addition, the version equipped with the 100HP 1.4-liter engine comes with rear break callipers in Gucci green.

The Italian fashion house's stripe also appears inside on the seats, on the gear shift, the key-cover, the carpets, and on the seatbelts.

The new '500 by Gucci' will be initially be available from April 1st to June 30th exclusively by pre-order online at www.500bygucci.com, with pricing in Italy starting from €17,000 (equal to US$23,300). Regular sales will start in Europe in July, followed by the rest of the world at the end of 2011.

And for those buyers that would like complete the look with some personal goodies, Fiat has also collaborated with Gucci to create a special collection for the 500, including travel accessories, small leather goods, drivers, tracksuits, driver gloves, sunglasses and a watch, which will all be available in select Gucci stores and online at www.gucci.com from April 2011.

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Très Chic: New Special Edition of the Fiat 500 by Gucci Heads to Geneva

As they say, good marketing always finds a reason to celebrate. This time, Fiat's marketing team is feeling festive about the 150th anniversary of the unification of Italy and Gucci's 90th anniversary. As a result, the automaker has joined forces with Gucci for the creation of a new special edition version of the 500 mini that will be showcased at next week's Geneva Salon in a dedicated Gucci pop-up store within the Fiat stand.

The limited edition version of the 500 was customized by Gucci Creative Director Frida Giannini in partnership with Fiat's Centro Stile. It will be available in two flavors, either in black with detailing in shiny chrome, and a two-tone black and white interior, or with a white exterior paint with satin chrome detailing, and ivory and black interior.

Both versions get 16-inch alloy wheels wrapped around 195/45 R16 tires with the hubcaps featuring the interlocking GG logo in the same color of the body of the car, plus the Italian fashion house's signature on the rear hatch and B-column, and Gucci’s signature green-red-green stripe, which runs along the entire perimeter of the car. In addition, the version equipped with the 100HP 1.4-liter engine comes with rear break callipers in Gucci green.

The Italian fashion house's stripe also appears inside on the seats, on the gear shift, the key-cover, the carpets, and on the seatbelts.

The new '500 by Gucci' will be initially be available from April 1st to June 30th exclusively by pre-order online at www.500bygucci.com, with pricing in Italy starting from €17,000 (equal to US$23,300). Regular sales will start in Europe in July, followed by the rest of the world at the end of 2011.

And for those buyers that would like complete the look with some personal goodies, Fiat has also collaborated with Gucci to create a special collection for the 500, including travel accessories, small leather goods, drivers, tracksuits, driver gloves, sunglasses and a watch, which will all be available in select Gucci stores and online at www.gucci.com from April 2011.

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Geneva Preshow: Jeep Adds New 3.0-liter V6 Turbo Diesel to Grand Cherokee Range

Given that over forty per cent of all cars sold in Europe are diesel-powered, any brand that wants to be successful in the market must have diesel options in its range. Following the presentation of its new 3.0-liter V6 turbo diesel on the Chrysler 300's European clone, the Lancia Thema, the Fiat Group is now introducing the oil-burner to the Jeep Grand Cherokee range for Europe and other diesel markets around the world.

The new V6 diesel engine is built by VM Motori and has been developed together with Fiat Powertrain, which is a subsidiary of the Fiat Group. The 3.0-liter unit features Fiat's MultiJet II system which enables up to eight injections per cycle, with the possibility of managing the two main injections in a single modular profile (IRS – Injection Rate Shaping). It is also fitted with a single Garrett VGT 2056 turbocharger with variable turbine geometry.

In the Grand Cherokee, the 3.0-liter V6 diesel is offered in two guises, the most powerful of which produces 241HP at 4,000 rpm and 550 Nm (406 lb-ft) of peak torque at 1,800-2,800 rpm, with the company claiming a 10 percent gain in power and eight percent more torque than the engine it replaces.

Despite the improved performance, Jeep said fuel economy for the 241HP version returns 8.3 lt/100km (equal to 28.4 mpg US) on the combined European cycle, an improvement of 17 percent over the prior diesel engine. CO2 emissions (are also reduced by 17 percent, now at 218 g/km.

Jeep will also offer a lower-output version of the 3.0-liter V6 turbo diesel rated at 190HP at 4,000 rpm and 440 Nm (324 lb-ft) of peak torque available from 1,600 to 2,800 rpm. The low-output version of the turbo diesel engine will be standard on Laredo models and optional on the Limited

The new 3.0-liter turbo diesel variants of the Grand Cherokee will receive their world premiere at the Geneva Motor Show next week and be available in Europe by the end of the first half of 2011.

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Geneva Preshow: Jeep Adds New 3.0-liter V6 Turbo Diesel to Grand Cherokee Range

Given that over forty per cent of all cars sold in Europe are diesel-powered, any brand that wants to be successful in the market must have diesel options in its range. Following the presentation of its new 3.0-liter V6 turbo diesel on the Chrysler 300's European clone, the Lancia Thema, the Fiat Group is now introducing the oil-burner to the Jeep Grand Cherokee range for Europe and other diesel markets around the world.

The new V6 diesel engine is built by VM Motori and has been developed together with Fiat Powertrain, which is a subsidiary of the Fiat Group. The 3.0-liter unit features Fiat's MultiJet II system which enables up to eight injections per cycle, with the possibility of managing the two main injections in a single modular profile (IRS – Injection Rate Shaping). It is also fitted with a single Garrett VGT 2056 turbocharger with variable turbine geometry.

In the Grand Cherokee, the 3.0-liter V6 diesel is offered in two guises, the most powerful of which produces 241HP at 4,000 rpm and 550 Nm (406 lb-ft) of peak torque at 1,800-2,800 rpm, with the company claiming a 10 percent gain in power and eight percent more torque than the engine it replaces.

Despite the improved performance, Jeep said fuel economy for the 241HP version returns 8.3 lt/100km (equal to 28.4 mpg US) on the combined European cycle, an improvement of 17 percent over the prior diesel engine. CO2 emissions (are also reduced by 17 percent, now at 218 g/km.

Jeep will also offer a lower-output version of the 3.0-liter V6 turbo diesel rated at 190HP at 4,000 rpm and 440 Nm (324 lb-ft) of peak torque available from 1,600 to 2,800 rpm. The low-output version of the turbo diesel engine will be standard on Laredo models and optional on the Limited

The new 3.0-liter turbo diesel variants of the Grand Cherokee will receive their world premiere at the Geneva Motor Show next week and be available in Europe by the end of the first half of 2011.

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Abarth Scorp-Ion Sports Coupe Concept by IED Turin Students to Debut at Geneva Motor Show

Even though Fiat executives have been coy on a stand-alone sports car for the Abarth brand, the Italian firm went ahead and collaborated with the Istituto Europeo di Design of Turin (IED) for the creation of design study that will receive its grand premiere at the Geneva Motor Show in about a week's time.

The sports coupe is named Abarth Scorp-Ion and it was designed by seven IED students who worked under the supervision of designers Luca Borgogno from Pininfarina, and Luigi Giampaolo from Maserati.

The goal was to design a bespoke compact-sized sports car with lines that evoke the scorpion (the official symbol of Abarth) without any references to the Fiat brand, with which Abarth is often identified.

The result is a futuristic looking two-seater coupe that measures 4,010 mm in length, 1,905 mm in width, 1,192 mm in height, and rides on a 2,350 mm long wheelbase.

The Scorp-Ion is motivated by four electric motors, one on each wheel, but that's about all Abarth had to share with us for now. Further details are to be released at the Geneva Motor Show.

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Abarth Scorp-Ion Sports Coupe Concept by IED Turin Students to Debut at Geneva Motor Show

Even though Fiat executives have been coy on a stand-alone sports car for the Abarth brand, the Italian firm went ahead and collaborated with the Istituto Europeo di Design of Turin (IED) for the creation of design study that will receive its grand premiere at the Geneva Motor Show in about a week's time.

The sports coupe is named Abarth Scorp-Ion and it was designed by seven IED students who worked under the supervision of designers Luca Borgogno from Pininfarina, and Luigi Giampaolo from Maserati.

The goal was to design a bespoke compact-sized sports car with lines that evoke the scorpion (the official symbol of Abarth) without any references to the Fiat brand, with which Abarth is often identified.

The result is a futuristic looking two-seater coupe that measures 4,010 mm in length, 1,905 mm in width, 1,192 mm in height, and rides on a 2,350 mm long wheelbase.

The Scorp-Ion is motivated by four electric motors, one on each wheel, but that's about all Abarth had to share with us for now. Further details are to be released at the Geneva Motor Show.

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