
Italian-based auto maker, Fiat which is being linked with BMW to co-develop platforms for small sized vehicles has released the Fiat Grande Punto X-Factor, specially for the Dutch market. And, yes, as the name suggests, its a special model inspired by the hit reality TV show, X-Factor.
X-Factor, as many of you would know is a U.K-based singing contest which has helped bring people like Leona Lewis into the music scene. She is also the voice behind the “A Moment Like This” hit number. Anyway, enough of Leona Lewis and back to the Punto Grande.
With a price tag of 14,595 Euros, the Fiat Grande Punto X-Factor comes with a number of features such as a CD/MP3 radio with 6 speakers and control commands on the steering wheel, air conditioning, alarm with remote control, seat covers with special “Sport” padding, 16 inch alloy whees, rear spoiler and fog lamps. Buyers of this model will also receive free tickets to attend the X-Factor TV show. Imagine a Proton Saga One In A Million.







Fiat S.p.A today confirmed that it has signed a “a non-binding term sheet to establish a global strategic alliance” with Chrysler and Chrysler’s majority shareholder Cerberus Capital Management. Initial details of the alliance have been revealed. It includes Fiat taking up a 35% stake in the American automaker as well as allowing Chrysler to use “competitive and fuel-efficient” vehicle platforms, components and powertrains to be produced at Chrysler manufacturing bases.
Fiat will also allow Chrysler access to its distribution network in areas that are key for growth, and you could probably assume Chrysler would be the way for Alfa Romeo to get back into the American market. The word is that the Italian company plans to increase this 35% up to 55% over time. Fiat will also assist Chrysler with the viability plan it needs to support to the U.S. Treasury. And apparently the 35% deal does not involve any money. In return for the platforms and management consultancy help with restructuring, 35% of Chrysler will be handed over to Fiat for free.
