1978 Black Alfa Rameo Spider Convertible on 2040-cars

Auto blog

Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Stellantis announces ‘Circular Economy’ business to drive revenue, decarbonization

Stellantis has already announced its plans to reach net-zero carbon emissions by 2038. Today, the automaker has announced a new business unit to help it reach that goal while generating 2 billion euros per year in revenue by 2030. The “Circular Economy” business will help make revenue less dependent on finite, rare and ecologically problematic materials. The Circular Economy model features what Stellantis calls a “4R” strategy, comprising remanufacturing, repair, reuse and recycling. The goal is to make materials last as long as they can, reducing reliance on the acquisition of those precious new materials in the future by returning them to the business loop when theyÂ’ve reached the end of their first life. Through these processes, Stellantis says it can save up to 80% raw material and 50% energy compared to manufacturing a new part. Remanufacturing, or “reman” in Stellantis shorthand, means dismantling, cleaning and rebuilding parts to OEM spec. Nearly 12,000 remanufactured parts are available for customers to purchase. Some remanufacturing is done in-house, and some with partners and through joint ventures. Repair is pretty obvious — fixing parts to put back into vehicles. This also consists of reconditioning, to make a vehicle feel like new. Stellantis boasts 21 “e-repair” centers for repairing electric vehicle batteries.  Reuse refers to parts still in good condition from end-of-life vehicles sold as-is. Stellantis says it has 4.5 million multi-brand parts in inventory. These are sold in 155 countries through the B-Parts e-commerce platform. Reuse also refers second-life options, such as using batteries outside of automotive purposes. Recycling involves dismantling parts and scraps back into raw material form that is then looped back into the manufacturing process. Stellantis says it has collected 1 million parts for recycling in the past six months. Recycling doesnÂ’t get counted in that aforementioned 2 billion euros of revenue, but it does save the company money on acquisition of raw materials. As for batteries, specifically, Stellantis expects this recycling business to ramp up after 2030, when the packs currently in service begin to reach the end of their lifecycle. Stellantis will use its new “SUSTAINera” label to denote parts that are offered as part of its Circular Economy business.

2018 Alfa Romeo Stelvio Quadrifoglio Drivers' Notes Review | Everything you expect

The 2018 Alfa Romeo Stelvio Quadrifoglio is a performance crossover that goes head-to-head with models like the Porsche Macan and Mercedes-AMG GLC 63 S. It takes the Giulia's 2.9-liter twin-turbo V6 and stuffs it into a slightly more practical package. Crossovers are all the rage, and Alfa needs the Stelvio to be a hit if the brand has any hope of success in America. Performance models like this don't come cheap, but you get what you pay for. In addition to the performance parts like a torque-vectoring differential, Brembo brakes and 20-inch wheels with Pirelli summer tires, the Stelvio Quadrifoglio comes standard with features like blind-spot monitoring, a Harman Kardon sound system, a heated steering wheel and heated front seats. Options on this car include $2,200 for the Rosso Competizione paint and $1,500 for a drivers assistance package. Update: CarPlay and Android Auto are standard equipment. The listed price on our tester's window sticker was an error. Editor-in-Chief Greg Migliore: I've been skeptical about the Stelvio. Aside from the famous Scudetto grille, what really makes this an Alfa — a good one, anyway? Eyeing them on the road I've been less than impressed. They look like generic crossovers, which is not the vibe Alfa should be giving off. Enter the Quadrifoglio. The 505-hp twin-turbo V6 makes the Stelvio addicting to drive. The 20-inch wheels with Alfa's signature five-hole design under the flared fenders propel this thing to style leadership. Factor in the four-leaf clover badges, and the Stelvio Quadrifoglio looks and feels special. Driving it is a riot. The interior feels legitimately athletic, too. The big, thin steering wheel with the start button and paddle shifters integrated in front of the driver do create a cockpit-like setting. Add in the leather, red stitching and carbon fiber, and it's a cool place to drive. After an energetic commute to the office, my thinking on the Stelvio had changed. Yes, I like the Quadrifoglio, but I can now see this Italian crossover as a compelling alternative in this segment. Wasn't sure how I felt about the @AlfaRomeoUSA Stelvio. But 505 horses convinced me of its merits. Liking this lab hauler in Quadrifoglio spec. @therealautoblog pic.twitter.com/sSUyOS8iY0 — Greg Migliore (@GregMigliore) November 1, 2018 Associate Editor Reese Counts: What a mixed bag. I really wanted to love the Stelvio.