This cellphone image caught by a tipster may be a bit fuzzy, but we can definitely see that this is the Fiat 500 caught in action. This image was captured on Saturday near Fort Collins, CO. The lead vehicle, a Mini Cooper, was also likely part of the trip, since both vehicles wore manufacturers plates from Michigan.
Bosch has long been a major supplier of many different automotive components to Fiat, and the company is hoping to leverage that association with the new Chrysler. Bosch provides a higher proportion of the parts and systems that go into the Italian cars than they ever have had at Chrysler. However, as new upcoming Chrysler vehicles move to Fiat-based platforms (and, presumably, powertrains), Bosch parts may further infiltrate Auburn Hills.
General Motors and Chrysler have been in meetings with the U.S. Treasury this week to discuss how and when the Detroit automakers can again become viable. Both companies are asking for additional billions to fund their perspective turnarounds, but Chrysler is also defending a proposed partnership with Fiat. Fiat's pending 35% ownership stake would provide Chrysler with small and mid-size cars and more fuel efficient powertrains, but no cash.
The conference room where Chrysler and Fiat worked out Fiat's 35% stake in the Pentastar probably still smells like hors d'oeuvres and bottled water, and already a Congressman is thinking about making Chrysler return its $4 billion dollar bridge loan.