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Fiat Chrysler's Q3 profit boosted by strong North American earnings

MILAN, Italy — Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America. The world's seventh-largest carmaker still makes the lion's share of its profits in North America, so improving, or at least maintaining, its margins there is a key focus. The carmaker reported an 8 percent adjusted operating profit margin in the region, up from 7.6 percent a year ago, despite a drop in sales and shipments. "FCA's profitability in North America remained strong in the quarter despite a weakening market there," a Milan-based analyst said. FCA's profitability compares with an 8.3 percent North America margin reached in the quarter by bigger U.S. rival GM , showing CEO Sergio Marchionne making progress towards his goal of closing the margin gap with GM and the company's other U.S. rival, Ford, by 2018. The company's confirmation of its full-year outlook also pushed shares higher, a trader added. The stock was up 2.8 percent by 1129 GMT, outperforming a 1 percent rise in the European auto index. FCA has been retooling some U.S. factories to boost output of sport-utility vehicles (SUVs) and trucks while ending production of some unprofitable sedans to strengthen profitability as the U.S. car market comes off its peak. The company said a drop in North America shipments due to lower fleet sales and discontinued models was partially offset by higher deliveries of Ram trucks and two models from the Alfa Romeo stable: the Stelvio sport utility vehicle and Giulia sedan. Profitability also improved in Europe, helped by sales of the Stelvio and the new Jeep Compass, and Latin America, while margins at Maserati remained strong at 13.8 percent due to strong demand for its first SUV, the Levante. In a later conference call, investors are looking for hints on the new strategy to 2022 which the company promised to unveil early next year. Chief Executive Sergio Marchionne said earlier this year that FCA would streamline its portfolio and that components businesses, including Magneti Marelli, would be separated from the group, possibly via a spin-off. While FCA confirmed its targets this year, doubts remain about its exposure to a weakening U.S. market, recall costs and potential fines over emissions after it was targeted by European and U.S.

Updated Alfa Romeo Tonale possibly caught camo-free during design clinic

Amateur spy shots taken during what looks like a design clinic held behind closed doors have shed light on how Alfa Romeo's Tonale concept is evolving on its way to production. They suggest the design study presented during the 2019 Geneva auto show wasn't as close to done as many thought. The photos were posted on an Italian enthusiast forum and quickly taken down, but they were saved and published by an Instagram user named CocheSpias. Alfa Romeo did not distribute them on its official channels, so we can't be 100 percent certain about their authenticity. Assuming they're the real deal, they reveal the Tonale has mellowed out considerably since it first showed its nose in Geneva. The headlights are bigger in nearly every direction, they're less bionic-looking, and they're separated from the grille by smaller, recessed air vents. It's a look that's very loosely reminiscent of some of the company's classic models, like the Giulia Sprint GT. Stylists also re-shaped the hood.           View this post on Instagram                   Aqui os dejamos unas fotos de una de las maquetas pre-produccion del futuro SUV de Alfa Romeo. El Tonale. #alfaromeo #alfaromeotonale #alfaromeosuv #alfasuv #prototype #carspy #carscoop #carshot #fotoespia #instacar #spyshot #newcar #carporn #carpassion #instapic #carpic A post shared by CocheSpias (@cochespias) on Oct 8, 2019 at 1:04am PDT The profile and the overall proportions don't appear to drastically change. The rear door handles remain integrated into the C-pillar to give the Tonale a two-door look, a styling cue also seen on the Giulietta sold in Europe. The rear lights are bigger, though they're still connected by a light bar. The emblem on the hatch confirms Alfa Romeo hasn't changed its mind about the crossover's name. The user who posted the photos from the design clinic explained he wasn't given permission to upload images of the interior. He reported the Tonale's steering wheel looks a lot like the Giulia's, and the dashboard receives the same blend of round and rectangular air vents. The infotainment system's touchscreen is propped up on the dashboard rather than neatly integrated into the center stack, a layout which makes it easier to change during a mid-cycle update, or as tech advances. Mechanical specifications remain under wraps. Alfa didn't have much to say about the concept, either, but we know it used a gasoline-electric plug-in hybrid drivetrain.

Alfa Romeo Stelvio to get a new rear-drive base version

Good news for those who want an Alfa Romeo Stelvio but do not have the need for all-wheel drive: Alfa is reportedly introducing a cheaper, solely rear-drive version. It will still have plenty of power. Car & Driver is reporting that there will be a new, rear-wheel-drive base Stelvio for 2019, one that undercuts the current cheapest Q4 model by $2,000. That would mean a starting price of $41,440. However, the gap will widen slightly as the all-wheel-drive cars will see a price bump for 2019. The base model's only engine option will be the four-cylinder turbo, offering 280 horsepower and 306 lb-ft of torque. The transmission is the eight-speed automatic. C&D also says that the RWD versions will be kitted out more cheaply than AWD models, as a posher Ti version will always come standard with AWD. The new base models are likely to bear Q2 badging to differentiate them from the "quattro per quattro" Q4 models. And, if you're still willng to add a little something to the RWD Stelvio, there will be an available Sport package that offers 19-inch wheels and performance-oriented accessories such as aluminum pedals, painted brake calipers, paddle shifters and more. This does almost negate the price difference between the 2018 and 2019 base models, as it is said to cost $1,800.