Latest news with #Fiat500
Miami Herald
a day ago
- Automotive
- Miami Herald
Stellantis expects first-half net loss of $2.7 billion as tariffs hit
Stellantis on Monday said it expects a net loss of 2.3 billion euros (approximately $2.7 billion at current exchange rates) in the first half of the year as it begins to feel the impact of U.S. tariffs while attempting to reorganize itself for greater long-term profitability. The report was unusual in that Stellantis released preliminary and unaudited financial information for the first half of the year, after suspending financial guidance for the full year April 30. The automaker said it took this action, considered extraordinary by financial experts, because of the divergence of analyst consensus forecast with its actual performance. Stellantis' reported net revenue of 74.3 billion euros ($86.9 billion) in the first half contrasts with 85 billion euros ($99.4 billion) and a 5.6 billion euro ($6.5 billion) net profit for the same period in 2024. It underscores the challenges still faced by new CEO Antonio Filosa, who was appointed in May after leading Stellantis' Jeep brand. Stellantis said four key factors impacted its financial performance in the first half of the year. One is the tariffs imposed by President Trump, which Stellantis estimates cost it 300 million euros ($351 million) due to lower shipments and production cuts. The automaker said its overall shipments fell to an estimated 1.4 million vehicles, down 6% from the same period in 2024. In North America, Stellantis reported that vehicle shipments declined 25% year-over-year due to reduced manufacturing and lower shipments of imported vehicles as the tariffs took hold. Last year, Stellantis imported over 40% of the 1.2 million vehicles it sold in the United States, mostly from Canada and Mexico, according to Automotive News. Stellantis also listed higher industrial costs, changes in foreign exchange rates, and roughly 3.3 billion euros ($3.8 billion) in pre-tax net costs associated with a product strategy shift that included canceling a hydrogen fuel-cell powertrain project and recommitting to hybrids in Europe and conventional internal-combustion powertrains in the U.S. Earlier this month, the automaker launched a hybrid version of the Fiat 500 in Europe, and it's announced the return of the Hemi V8 engine to the Ram 1500 pickup truck in the U.S. That's one of several moves by returned Ram boss Tim Kuniskis, along with a return to NASCAR racing and a possible passenger van, aimed at reviving the flagging brand. New CEO Filosa faces a similar task across the entire Stellantis constellation of brands. He replaces Carlos Tavares, who was ousted late last year amid poor financial performance. Stellantis' first-half 2025 net revenue was in fact up from the second half of 2024, but the results show the automaker still has a long way to go. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Boston Globe
4 days ago
- Boston Globe
From Tuscany, with love, but without our kids. (With guilt, though. But just a little.)
Here's the airplane. Here's us on the airplane. We landed! The kids are in the front of my mind all the way to Florence when they're forced to the back seat. I've discovered the cheapest rental car place in all of Italy: Ace Rental . Months earlier, we reserved a Fiat 500, a classic Italian car that fits neatly in your pants pocket. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up 'You need extra insurance. And an international driver's license. And 459 more euros.' Advertisement I looked at the man, you scab, you thief, I said with my eyes. 'OK, 400,' he said. I looked at my wife, 34 weeks pregnant, fanning herself in the airless office, and gave the man my credit card. Inside a church in Siena. Bart Tocci We drove to Siena, a beautiful city of just over 50,000 people, famous for Palio Di Siena, the biannual lawless horse race. Inside the Duomo di Siena, the city's massive cathedral, it's cool, quiet, the intricate dark stonework revealing details inside details. ' We built this,' I whisper to my wife, holding up an eyebrow, the corner of my lip, and my Italian stone mason's hands. The boys would love this , I thought. They would hate everything else; the flight, the six-hour time change, the no sleep, the long hike, the line to get in … but they would love this moment. Advertisement We drove to Poppi for our friends' wedding. 'Everything is sepia colored here,' I remarked to my wife, driving through the Tuscan hills, the late afternoon sun playing off long grass.' Or maybe it's because I'm wearing sepia-tinted sunglasses!' I removed them, laughing at myself, looking for a reaction, her eyes on the road. Siena, Italy. Bart Tocci Our comfortable logistics conversations had no place here. The kids didn't need to be here at this time, there at that time, we were not all out of milk. And without our schedule and to-do lists, what did we really need to talk about? We reached a tacit agreement that we wouldn't bring up the boys every time we thought of them. But this got easier: Once we arrived at the venue, put our belongings in the room, and stepped into the gathering reunion, the kids again slid to the background. Friday, we lounged by the pool. Taylor's belly buoyed by the cool water, my spirits buoyed by old friends, one couple moved to a shaded corner to Facetime their child. Should we do that? No, they're in daycare. 'Another Moretti?' Someone asked. Yes. This is vacationing in your waning 30s: most of us drinking spritzes like we're in our 20s, a few of us now sober, the rest of us pregnant. Would you look at that view? The foliage? The cypress, the olive tree, the castle on the hill? Built a thousand years ago, would you appreciate it, dammit? And look around you, see all these friends that you've known for 20 years? You better enjoy this or so help me. The cliches don't lie. Advertisement It goes by fast. Enjoy every moment. The pressure to enjoy parenting, like the pressure to enjoy a sunset or an expensive meal or a wedding in Tuscany with old friends. Blink and it's over. The view in the Garfagnana region of Italy. Bart Tocci After three nights of wedding joy, an extrovert's dream, I drove my introvert wife to the mountains. We stopped in Florence, just to see everyone else in the entire world. We walked. 'I'm tired,' I said, 'you must be tired. How are your feet?' 'They are swollen, thanks for asking.' Buy me leather. Feed me gelato. I ate pasta with meat sauce, varieties of which I could simply not stop consuming. Taylor had a basil-mint pesto fusilli with crumbled toasted almonds, capers the size of olives, some kind of cheese. Baby loved it. We drove northwest: the Apuane Alps. Goats, small vineyards, those little three-wheeled trucks that I could carry up my front steps like a stroller. Our agriturismo had a restaurant and breakfast and a pool where Taylor soaked her feet. What are you most looking forward to about having a girl? We asked each other. And Taylor said I don't know why I'm crying, it doesn't make sense. Her body is doing things without her command again. How do you think parenting will change? What will life look like? Significant time with the two of us so rare it feels loaded. Should we be having a significant moment right now? How about now? Advertisement A day trip to Carrara, famous for its marble, the Italian stone from which Michaelangelo brought David. An outdoor museum in the mountains, with old giant cutting tools and marble livestock and more places for a toddler to critically injure themselves than one could count. We traced the marble's story from the mountain, where whole blocks of the white stone were cut, slabs the size of Volkswagens loaded onto carts pulled by oxen, driven through treacherous mountain roads — roads that did not seem less treacherous these several hundred years later — all the way to Florence and Rome. We stopped for lunch and 2½ hours later, we left. 'No cappuccino? No dolce?' Our server asked, a little miffed. 'No, grazie.' We had already stayed two hours longer than our kids would have allowed, and total peace. No spilling, no crying, no hitting, no asking about that man's buttcrack, clearly visible from the back of his seat. This is a place where you take your time. Except on the road: Everyone is in such a hurry because they took so long to eat. I drove the stick shift Fiat 500 as if I paid 400 extra euros for the car. Hard on the gas, hard on the brakes, hit the apex of the turn, my wife holding onto something, anything, not saying a word, not mad, just concentrating like me. 'It's a good thing I trust you,' she said. Despite my deftness, I was passed multiple times in the most appalling ways, on the most dangerous roads with the most fruitless outcomes. Whipping around a corner, a tiny minivan on my tail, now at my window, a man with white hair and four passengers rips past me, over a hill. Advertisement Naturally I thought about death. Who would take care of the boys? Would they remember us? We made recordings on their Yoto player so they could hear our voices. Wild that my last words to these boys could be me reading, 'Goodnight Brew: a parody for beer people.' Maybe I should have picked a more serious book? I would simply have to return alive. We stopped in Forte dei Marmi, a beach for rich folks, dipped our toes in the Mediterranean, the mountains behind us, you'd think they were snow-capped — it was Carrara marble. 'Are you glad we came?' It was our last dinner in Italy, the week we had looked forward to for a year was here and gone. Guilt asks a simple question: Why do I feel guilty? And my initial answer was, because I left my kids so I could have fun without them. But now, I feel motivated, refreshed, excited to return to our normal, chaotic life. Of course we were glad we came; but now we were glad to be going home.
Daily Mirror
5 days ago
- Automotive
- Daily Mirror
Expert names exact date to sell or part-exchange your car before 'boiling point'
UK motorists considering flogging or part-exchanging their vehicles have been urged to act swiftly to cash in on heightened demand and competitive prices - but there's not long left Brits thinking of selling their car have been urged to act quickly - or risk losing out on sky-high profits. A car finance expert has revealed the best time to sell or part-exchange your car to secure a substantially better deal. According to inside analysis, the used car market is right on the cusp of reaching peak demand, so owners have a brief window to maximise their returns before sales conditions cool off after reaching the 'boiling point'. Motor Finance Expert at Ocean Finance, Lorna Macpherson, pinpointed this month as the optimal moment to act. So, if you've been thinking about upgrading or getting some extra cash for your current vehicle, she suggests now is the best opportunity to benefit from heightened buyer interest and increased offers. In a statement sent to the Mirror, the expert said: "July is one of the strongest months for selling or part-exchanging. There's more demand for cars during the summer, especially from families getting ready for holidays or young drivers preparing for university in the autumn. "That pushes prices up, especially for fuel-efficient or family-friendly cars, and mid-July is when that demand really peaks. If you're planning to switch or cash in, I'd aim for Saturday, July 19. Waiting until later in the year could mean a lower offer and less money in your pocket." Pricing fluctuations in the used car market are influenced by a number of factors, including consumer demand, availability of stock and broader economic conditions. Right now, these factors are aligning to create a strong seller's market, but such favourable conditions may not last much longer. Delaying the decision to sell or part-exchange could mean buyers lose interest or shift their focus elsewhere, particularly as we move towards the end of the summer and run-up to new vehicle registration in September — when the new 75 plate arrives. Lorna's advice serves as a timely warning for those postponing their decision. Acting on or before Saturday, July 19 not only increases the chances of getting a quicker sale, it could also add hundreds of pounds to the price. For drivers looking to optimise the value of their vehicles, carefully timing the sale is crucial — those who wait too long risk missing out. If you're on the receiving end of this, and you're looking to purchase a second-hand car — it's worth shopping around to make sure you get the best deal possible, and avoid buying any unreliable models that can be costly to repair. As previously reported, veteran car dealer Tom Kershaw warned against buying three popular brands or risk ending up with a 'money pit'. The expert's don't touch list includes Fiat, particularly the iconic Fiat 500, BMW, and Land Rover. You can read more about why Tom refuses to buy vehicles from these brands here.
Yahoo
6 days ago
- Yahoo
Arrest after car involved in two crashes and driven away both times
A Swindon driver crashed into another vehicle and then left the scene before ending up becoming involved in another crash. Police are appealing for information about a road traffic collision involving a Fiat 500 which happened at around 6.45pm on Alexandra Road on Sunday, June 22. A spokesperson said: 'The driver then reportedly reversed away from the scene and was involved in another collision before driving away, the wrong way down a one-way street.' Be the first to know with the Swindon Advertiser! 📱 💡 Our flash sale brings the latest local happenings directly to you. Save over 50% on an annual subscription now. 🔗 #SpecialOffer — Swindon Advertiser (@swindonadver) July 4, 2025 Officers investigating the circumstances of these incidents later arrested a 42-year-old man on suspicion of dangerous driving, failing to provide a specimen for analysis and driving without insurance The Wiltshire Police spokesperson said: 'We would like to hear from anyone who may have recorded footage of either incident on a dashcam. 'If you can help, please contact us on 101 quoting log 54250076204.'
Daily Mirror
11-07-2025
- Daily Mirror
Chilling moment man ran past airport staff before throwing himself into engine
Andrea Russo, 35, horrified onlookers at Milan Bergamo Airport after he threw himself into the blades of a plane engine - airport employees were seen holding their heads in shock Photos have captured the chilling moment a man ran past airport employees before throwing himself into a plane engine. Andrea Russo, 35, from Calcinate, near Bergamo, Italy, entered Milan Bergamo Airport after abandoning his ref Fiat 500 car on Tuesday morning. He arrived at the airport without a ticket and raced into a restricted area leading to the runway before Border Police tried to stop him. But Russo managed to evade officers and made his way onto the tarmac before "throwing himself into one of the two turbofans" of the Volotea Airbus A319 flight V73511 from Milan to Asturias, in Spain. New footage captured the moment Russo was jogging toward the plane and as he jumping towards the port side engine. He then leaped into the engine's blades with airport employees on the runway holding their heads in horror. Russo's body fell lifeless to the floor shortly afterward. The Mirror has chosen not to show this footage due to the graphic nature. A Spanish passenger on board the plane at the time told La Nueva España said: "Suddenly, we heard a noise and a bang. Some people saw something through the window and put their hands to their heads. They told us it was best not to look out, because what was happening was very unpleasant." The woman, from Asturias, said the plane was preparing to take-off. She added: "We don't know exactly what happened." The pilot later addressed passengers in a "shaken" voice and told them there had been a "very serious problem involving a person." Officers arrived at the scene to carry out an investigation of the site. Sources told local outlets said Russo had a history of "drug problems." A witness told Italian outlet La Repubblica that a man ran toward the aircraft. He added: "I wasn't on that plane, I was boarding another plane next to it and we saw everything. He ran towards the right side. The he ran and [was] sucked by the left side motor. I can't describe it as pleasant." A statement shared to X/ Twitter by Volotea said: "We regret to confirm flight V73511 from BGY-OVD was involved in an incident at Milan-Bergamo Airport at 10:35h. One person not onboard and not affiliated with the company was seriously injured. All 154 passengers and 6 crew are safe. A new flight is scheduled for 15:55." The incident caused on flight to be diverted to Bologna with two others being sent to Verona and another six redirected to Milan Malpensa. In an earlier updated posted to X, the Lombardy Airports Association wrote: "Traffic to and from #orio #Bgy is suspended due to a serious issue on the apron. Possible delays, diversions, and cancellations throughout the morning. Updates will follow." In response to the incident, Giovanni Sanga, CEO of the group which operated Milan Bergamo Airport, expressed his "personal condolences" to the man's family. He added that the man actively "approached the aircraft of a scheduled flight" in the harrowing final moments before his death. Mr Sanga said: "The dramatic event has shocked the entire airport community. First of all, I would like to express my personal condolences and those of the company to the victim's family, to whom we are close in this terrible moment." Mr Sanga added: "From the very beginning, in addition to ensuring the immediate management of the emergency and assistance to passengers and crew, we turned our attention to the colleagues who witnessed the episode and were deeply affected by it. "At 10:35am on July 8, at Milan Bergamo airport, a person, neither a passenger nor an employee of companies operating at the airport, despite the prompt counteraction of the police forces present, managed to enter the aircraft apron, then reaching the taxiway. Here he approached the aircraft of a scheduled flight, stationary and with its engines running, losing his life. "The exact dynamics of the incident are being examined by the judicial authorities to whom SACBO (The Bergamo Milan airport authority) continues to provide all the necessary collaboration. The company, in coordination with the relevant bodies, immediately activated emergency procedures and assistance to the flight passengers, crew and ground personnel involved, also making psychological support services available."
