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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.

Alfa Romeo Giulia SWB Zagato briefly teased, could be a coupe

Earlier this month, Alfa Romeo and Zagato teased the upcoming Alfa Romeo Giulia SWB Zagato with a single image of an unbroken LED taillight outlining what looked like a Kamm-back rear end. Zagato recently published a few more teasers to its Instagram page, but someone might have pressed the Send button too soon — the video and images are gone from the source. No matter, because this is the internet. The new shots hint at something that could justify Alfa Romeo boss Jean-Philippe Imparato's assessment that the vehicle will be "very exciting, very selective, and very expensive." The image with the carbon-backed driver's seat contains a new rear window shutline and a crossbar. The redrawn glasshouse leads us to believe this will be a coupe, making the most of that Short Wheelbase designation. Some have called the crossbar a roll cage, but it looks to us like the kind of brace used in some cars that omit their rear seats, like the original Bentley Continental GT Supersports. The engine shot doesn't give anything away except the Quadrifoglio badge. The twin-turbocharged 2.9-liter V6 could come with the same 505 horsepower and 442 pound-feet of torque as the Giulia Quadrifoglio, it could be uprated to the 532 hp and 442 lb-ft of the special edition Giulia GTAm, or, as buyers would hope, it could go beyond that. We'd expect the output to be sent through Alfa's eight-speed automatic transmission to the rear wheels through a limited-slip differential.  Zagato standards like new mesh vents and a vented hood make their appearances elsewhere. The grille gets printed with a stylized version of the red cross and crowned viper in Alfa Romeo's logo between the tri-section headlights that should debut on the facelifted Giulia. In back, a closer shot of the taillights gives away segments between LEDs, so the rear end won't be a continuous clamshell piece like the vintage Giulia TZ and Giulia TZ2. Detail bits like a carbon fiber front splitter and another take on the five-leaf-clover wheels from the Giulia GTA will make for dark and shiny jewelry.  The Giulia TZ debuted in 1963, the Giulia SWB Zagato will be the 50th birthday present to the original. Market launch is rumored to come in March next year, an official debut should come not long before that.  

Amazon opens contest for The Grand Tour tickets in the US

British enthusiasts already had the opportunity to win tickets to the first taping of The Grand Tour, and now Amazon has opened up a similar chance for customers in the US. In celebration of Prime Day, which starts today, customers in the US can enter The Grand Tour Prime Day Prize Draw. The prize includes travel, $200 to spend, accommodation, and a meet and greet with Jeremy Clarkson, Richard Hammond, and James May. Customers that are interested fulfilling a childhood dream should visit Amazon's website and fill out the entry form soon as the draw closes on July 12. The Grand Tour will launch this fall as an exclusive for Amazon Prime members with the exact city locations for studio records set to be revealed later this summer. Amazon, however, did reveal that the trio will host shows in the UK, US, and Germany. So there's no need to get too upset if you don't win the draw. With Top Gear getting a major shakeup with the departure of Chris Evans, we're itching to see Clarkson, Hammond, and May behind the wheel of cars again. The trio, it seems, is also excited to get the new show rolling as Clarkson posted a drifty video on his Facebook page. The trio are currently in Italy filming a comparison between an Aston Martin DB11, a Dodge Challenger SRT Hellcat, and Rolls-Royce Dawn. The five-second clip has the Challenger Hellcat and DB11 drifting head-on into the camera crew, which is behind the wheel of an Alfa Romeo. News Source: Amazon, FacebookImage Credit: The Grand Tour TV/Movies Alfa Romeo Aston Martin Dodge the grand tour