2023 Alfa Romeo Giulia Veloce Rwd on 2040-cars

Auto blog

Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Alfa Romeo 8C, Maserati Quattroporte and Granturismo models recalled over rust fears

The National Highway Traffic Safety Administration has announced Maserati and Alfa Romeo are recalling certain Quattroporte, Granturismo and 8C models over potentially faulty tie rod ends. According to NHTSA, 2005-2008 Quattroporte, 2008 Granturismo and 2008 8C units may have been assembled with tie rod ends that have insufficient corrosion protection. As such, the components may rust, weaken and potentially fail. If that happens, the driver could lose control of the vehicle and cause an accident.
Maserati and Alfa Romeo will contact owners and replace the tie rod end assemblies once the recall gets underway in June. All told, 7,438 vehicles are impacted by the recall. You can read the full NHTSA notice below for more information.

Alfa Romeo takes over naming of Sauber F1 team

HINWIL, Switzerland — Italian car brand Alfa Romeo will be the only name on its Formula One team partnership with Switzerland-based Sauber this season. The rebranding means 2007 F1 champion Kimi Raikkonen and Antonio Giovinazzi will be driving for Alfa Romeo Racing in 2019. The team was called Alfa Romeo Sauber when it finished eighth in the constructors' standings last year. Sauber says the "long-term partnership ... has been further extended, with the ownership and management of Sauber remaining unchanged and independent." Alfa Romeo drivers won the first two F1 championships — Giuseppe "Nino" Farina in 1950 and Juan Manuel Fangio in 1951 — then left the series after 1985 until returning with Sauber. Related Video: