O1t1619 1972-1980 55 Hp Johnson Seahorse Engine Cover Pn 316026 0316026 on 2040-parts.com

Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.

MINI Paceman: First production car photo leaks

With the production version of the MINI Paceman due to debut at Paris 2012 we have the first leaked photo of MINI’s Evoque challenger. It could be argued that the Range Rover Evoque has created a new premium SUV niche all for itself, but that’s not going to stop MINI going after a piece of the action. So the MINI Paceman Concept from the 2011 Detroit Motor Show is going in to production as the stylish coupe version of the MINI Countryman, and MINI has been busy teasing it ahead of the Paris reveal.

Honda Fit EV prices drop

Responding to price-dropping offers from other automakers on their electric vehicles, Honda will slash the lease deal for its Fit EV starting in June. From the current level of a zero-down, $389/month lease, Honda has lowered the price to zero down and $259/month. Also, for any current holder of a Honda Fit EV lease, effective June 1, their monthly lease payment will also drop to $259 a month.