Fiat Chrysler Automobiles NV is showing the world that it is all ready to take on the global market with its news Fiat 500X crossover. While the 500X bears the roundish front and curvy rear styling associated with the 500, it is practically a clone of the Jeep Renegade – sharing underpinnings, engines, gearboxes and a number of key components.
Likewise, both the 500X and the Renegade are to be produced on the same assembly line in Italy. Despite that FCA chief executive Sergio Marchionne remarked that the vehicles are “two very different cars," since the Fiat is a crossover, and "the Jeep is a Jeep."
Both the Jeep Renegade and the Fiat 500X will be crucial for Marchionne to prove a merger between Fiat and Chrysler could really compete globally against larger carmakers like Toyota Motors Corp, Volkswagen AG and General Motors Co.
The 500X will also be a vital part of Fiat’s plans to stop its financial bleeding and sliding market share in Europe. Likewise, the 500X marks Fiat’s expansion into the SUV segment, where it is currently offering a re-badged version of the Dodge Journey.
Ian Fletcher, an analyst with IHS Automotive, remarked that the 500X has “the cute appeal of its smaller sister” and is entering a booming segment. He added that the 500X will be a good alternative for US buyers who want a five-door version of the 500.