1959 Alfa Romeo Giulietta Sprint Veloce on 2040-cars

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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

Alfa Romeo reportedly developing a Giulia-based coupe

Much like classic, rear-wheel-drive Alfa Romeo sedans, the Giulia might gain a coupe counterpart. The possible Alfa Romeo coupe wouldn't just be a cruiser, as it's rumored to get a fantastical-sounding 641 horsepower output. British Autocar's sources say Alfa Romeo is developing a coupe based on the Giulia, with the front end carried over and a coupe body designed from that point back. Autocar says the coupe could be unveiled this year and hit the market in 2019. Alfa Romeo sold some 8,900 Giulias last year in the United States, and the coupe could function as a halo car. As for the powertrain, the standard version would utilize the Giulia's two-liter turbo engine good for 197 and 276 horsepower in various guises, but the absolute big deal would be the 2.9 turbo V6, which would gain an F1-style energy recovery system to boost the power to near-Ferrari levels. As in 641 horsepower, which is hundreds more than possible competitors from BMW, Audi and Mercedes-Benz have. The non-ERS, 500 hp version could also be available. Sources say a name for the coupe could be Sprint, which certainly carries a cachet, but as Autocar notes, "GTV" would correspond to Alfa Romeo's RWD history a little better — take for example the 1970s Alfetta and Alfetta GTV sedan-coupe combination. Sprint, on the other hand, was a front-wheel-drive coupe based on Alfasud hatchback mechanicals. Related Video: Image Credit: AOL/Drew Phillips Rumormill Alfa Romeo Coupe Performance alfa romeo giulia

Industrial designer seeking classic car, sketches his finds as he shops

The process of shopping for a vintage car can be both a joy and a nightmare. Wrapped up with the exciting opportunity of owning a classic is the anxiety of picking just the right one. Canadian industrial design professor Bruce Thomson and his wife are chronicling all of those ups and downs in a fascinating way. On their blog Kicking Vintage Tyres, Bruce exploits his talent as an expert draftsman to create detailed sketches of the vehicles they are considering, along with driving impressions of each one. The idea for the site started on a whim. After selling his 1971 Mercedes-Benz 220 a while back, it was time to own another classic. Bruce was looking at a Triumph TR6, and a friend asked for a description of the car. Bruce responded with a massive email detailing everything he saw, and the concept for the blog was born. "It dawned on me early that my search was not going to be as easy or as quick as I had expected," he said to Autoblog in an email. "I decided that the best thing I could do would be to make a sort of 'game' out of the search by sharing it with others." Thomson's sketches truly set the blog apart. He clearly has an exceptional eye for a car's lines and often mixes his drawings with inset depictions of key portions of the vehicle. Beyond just the fabulous diagrams, the site is a great read too. While the TR6 initially topped the list, Thomson's search has broadened over time, and a Series 2 Alfa Romeo Spider and BMW 3.0CS also received consideration. "I'd not commit myself to any preferences though, as my head is easily turned," he said. The criteria are that the car must have a manual gearbox, be made between 1959 and 1976, preferably European, hopefully a convertible and cost 15,000-25,000 Canadian dollars ($12,525-$20,870). No matter how long it takes, this is a wonderful hunt to follow along with. Featured Gallery Bruce Thomson Car Sketches News Source: Kicking Vintage Tyres via Core77 Auto News Design/Style Alfa Romeo Car Buying Convertible Classics auto design alfa romeo spider sketch blog