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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Fiat previews production 500X on Melfi assembly line

The Fiat assembly plant in Melfi, Italy, may not be one that appears on our radar that often. It's been in operation since 1993, but until recently only built the Punto - a model that's been around in its current form with few modifications for the better part of a decade, but hasn't warranted the transatlantic voyage to American showrooms. Fiat recently added to the Punto assembly line in Melfi the production of the new Jeep Renegade, but that's not all.
Soon the Renegade (which you can see being built in the background of the image above) will spawn the 500X, a small crossover based on the same platform but with what you can see will be a more rounded shape. Replacing the Sedici (a.k.a. SX4) that was jointly developed with Suzuki, the 500X will join the Cinquecento family alongside the 500 hatch, 500C convertible and 500L minivan, the latter on whose design we hope the 500X will prove a marked improvement.
Expect the 500X (or so it's expected to be called) to be revealed on July 4, which will mark not only the 238th anniversary of the US Declaration of Independence but also the 57th anniversary of the original 500's debut.

2014 Fiat 500L [w/video]

Practicality From The Italian Ministry of Cute
As seen in the correct Italian/European light, Fiat is rightly dubbed a small car kingdom. This is not the marque's whole story, though, and it's certainly not a way Fiat appreciates being pigeonholed. But even the brand itself sort of has to admit that, in the end, without clever and right-priced smaller cars in its lineup, it might not even exist today.
Between the early 1980s and the dawn of the 21st century, however, the Fiat brand seemingly did everything it could to wreck itself and its core compact-car reputation by producing a series of certifiably unamazing cars that mostly looked drab and behaved below average. Just go have a gander at the Ritmo, the Uno, the Duna, the 1992-98 Cinquecento, 2004-07 Seicento/600, and the most recent European mega-flop, the Stilo, discontinued in 2008. Thankfully, almost right out of the gates since the mid-aughts, however, that has no longer been the case.