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Fiat 500e EV LOSES $14,000 on every one sold – so please don’t buy, says Marchionne

Fiat lose $14,000 on every electric 500e The electric Fiat 500e arrived as a concept at the Detroit Auto Show in 2010 and finally arrived as a production reality at the Los Angeles Show in 2012 before going on sale in the US. The 500e is an appealing little car for zapping around town, especially if you only do a relatively low mileage every day and have somewhere to plug it in. But it is rather expensive.

De Tomaso gets an injection of Rupees to keep going

De Tomaso to get €100 million from India De Tomaso hasn’t had the most solvent history in the motoring world, and had been dormant until ex-Fiat man Gian Mario Rossignolo rescued the name – and some of the assets – from the liquidators. And he had big plans. The first of those plans was the underwhelming De Tomaso Deauville, a car which borrowed its name from a previous XJ-like saloon car from De Tomaso, but looked like the bastard child of a Porsche Cayenne and a 5-Series GT.

Kia readies new minivan after Sedona exits in 2013

Kia has dropped its Sedona minivan for the 2013 model year, but the automaker expects to return to the segment. Kia spokesman James Hope confirmed the Sedona's departure. He said Kia likely will field another people mover but he declined to say when or what it might look like.