It’s been 50 years since the launch of the Fiat Cinquecento, the car that coaxed a generation of Italians off their scooters and Fiat’s new baby was recently baptized during an extravagant launch and birthday party for modern Italy. “We have spit blood these past few years to clean up our act,’’ says Sergio Marchionne, Fiat’s managing director given most credit for the turnaround. “And the 4th of July is our new beginning. Three years of catharsis have enabled us to see the light again. ...

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