Heck, my '87 Honda CRX got 50 mpg when it was new and that was 22 years ago. With a rebuild I could probably get it up around 65 or better.
Fiat has built some neat cars and they have built some real run of hte mill stuff. In general, boring cars are what should support a car company as most people just want decent, reliable transportation and not flash or fun. Overall, I look forward to seeing them back in the American market.
The union with Fiat is not what worries me. Having the US Gov in the car business scares the bejezuz out of me though.