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Chrysler IPO to be filed as early as this week

An initial public offering for the Chrysler Group could happen this week, following Sergio Marchionne's comments to Financial Times in London, according to a report from The Detroit News. Fiat, which owns 58.5 percent of Chrysler, has been in a battle with the UAW retiree healthcare trust over its minority stake in the company. While the automotive union recognizes its role as a temporary shareholder, the two couldn't come to an agreement on how the shares should be priced.
As Marchionne explained to FT, a Chrysler IPO allows the market, rather than the two competing sides, to determine the value of the shares. The public offering is a risky move, which could potentially hang one side out to dry - if the shares go high, it's bad news for Fiat, but if they go low, the UAW stands to lose. Regardless of where the stock prices go in an IPO, though, it's a move that's being supported by analysts, who are quick to cite Chrysler's near-constant growth and a product lineup that is getting healthier with each new introduction.

2015 Fiat 500X offers Italian Renegade spirit

The 500X will be built alongside the Jeep Renegade at Fiat's Melfi, Italy factory, with sales to begin during the first half of 2015.
Fiat is following up on the March unveiling of the Jeep Renegade with its own compact crossover, the oft-rumored and teased 500X, which is making its big debut later today at the 2014 Los Angeles Auto Show.

This Fiat 500 covered in human hair is a world record holder

Are you the type of person picks up little pieces of lint or hair in your car to keep things clean? If so, then this Fiat 500 in Italy might just drive you insane. An Italian women and her classic Fiat 500 have received two Guinness World Records for creating the world's hairiest car.
Maria Lucia Mugno grabbed her first record in 2010 after she covered her Fiat in 220 pounds (100 kilograms) of human hair, according to Guinness. But apparently that wasn't enough, because she recently set a new milestone by increasing the car's tresses to 265 pounds (120kg). It reportedly took 150 hours to create her follicle Fiat art car.
Covering your vintage Fiat in human hair would certainly be odd enough, but the story takes an even weirder turn. According to World Car Fans, Mugno reportedly imports the locks from India because the hair there is supposedly stronger than what's available from Europeans. We just hope that the stuff is getting washed somewhere in the process.