FNM 2150 (1960)Lothar Spurzem, CC BY-SA 2.0 de, via Wikimedia Commons

FNM 2150 Onça

1960 — Brazil

Muscle Era (1960-1974)SedanBarn Find CandidatesSwinging Sixties
Engine2,132 cc Inline-4 DOHC
Power130 hp
Torque138 lb-ft
Transmission5-speed manual
DrivetrainRWD
Body StyleSedan
Weight2,491 lbs
0–60 mph10.5 sec
Top Speed112 mph
BrakesDisc / Drum
SuspensionIndependent, double wishbone, coil springs / Live axle, coil springs

FNM 2150 Onça

The FNM 2150, particularly in its legendary Onça (Jaguar) variant, represents one of the most fascinating cross-cultural automotive stories — an Italian Alfa Romeo manufactured in Brazil that became more beloved in its adopted country than in its homeland. It was, and remains, one of Brazil's most revered automobiles.

FNM (Fábrica Nacional de Motores) was a Brazilian state-owned company that partnered with Alfa Romeo in the late 1950s to manufacture Alfa's cars in Brazil. The FNM 2150 was based on the Alfa Romeo 2000, featuring Alfa's legendary twin-cam four-cylinder engine — a genuine DOHC unit that gave the Brazilian-built car performance and character that no other locally manufactured car could match.

The 2.1-liter DOHC four-cylinder produced 130 hp in the Onça version, delivering real sporting performance — 0-100 km/h in around 11 seconds and a top speed of 180 km/h. The five-speed manual gearbox (rare in the Brazilian market), double wishbone front suspension, and disc front brakes gave the FNM genuine driving appeal.

The FNM 2150 was the performance car in Brazil during the late 1960s and early 1970s, competing in touring car racing and rallying. The Onça variant, introduced as a sportier version, became the most desirable model. Brazilian racing drivers used FNMs successfully in national competition.

When Alfa Romeo acquired full control of FNM in the early 1970s, the company was eventually sold to Fiat, and FNM car production ceased in 1974. The FNM brand was discontinued, and Brazil lost its only source of genuine European performance engineering.

Today, the FNM 2150 Onça is one of Brazil's most collectible and valuable classic cars. Its combination of Alfa Romeo engineering, Brazilian manufacturing heritage, and genuine sporting performance makes it a blue-chip classic in the Brazilian market. Enthusiast clubs are active and passionate, and well-restored examples command premium prices.

$20,000 – $60,000

Most examples are in Brazil. Alfa Romeo DOHC engine parts can be sourced through both Alfa and FNM specialist channels. Check for body rust, engine head gasket condition, and gearbox synchronizer wear. The DOHC engine requires more maintenance than typical Brazilian cars of the era. The Onça variant is the most desirable and valuable. Provenance and documentation are important. Active FNM clubs in Brazil provide excellent support.

Manufactured at FNM's Xerém factory near Rio de Janeiro. Based on Alfa Romeo 2000. DOHC engine from Alfa Romeo. FNM was a Brazilian state company. Production ceased in 1974 when Alfa Romeo/Fiat took control. The Onça was the sportiest variant.