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Dodge, Jeep and Ram could soon be owned by Chinese automakers

For the past several years, Fiat Chrysler CEO Sergio Marchionne has made it widely known that the automaker he helms is up for grabs. First, he sent an email to GM CEO Mary Barra, who immediately refused to even discuss a merger. Later, Marchionne set his sights on Volkswagen. That too was swiftly rebuffed. It seemed like no global automaker was remotely interested in a partnership. Now, Automotive News reports that several Chinese automakers have come calling, only FCA isn't ready to answer. At least not yet. The news broke this morning that a major Chinese automaker had made an offer to purchase FCA for slightly above market value. FCA refused, saying the offer wasn't quite generous enough. It's unclear which automaker made the offer, but Automotive News says there's more than one interested party. FCA representatives have recently traveled to China to meet with Great Wall Motors, while Chinese representatives were seen at FCA corporate headquarters in Auburn Hills, Mich. The Chinese government has a lot of money invested in local automakers. It's putting pressure on these automakers to expand globally, including to the United States. As it stands, it's a matter of when a Chinese automaker will start selling cars here, not if. Purchasing an established automaker with a wide range of products and a huge dealer network would do wonders in giving the Chinese a foothold here. Sure, Geely owns Volvo, but a luxury automaker doesn't have nearly as much reach as a more mainstream company like FCA. This seems like the best case scenario for both a Chinese automaker looking to move into the U.S. and for FCA, at least from a business standpoint. The latter doesn't seem to have any other interested parties. It will be interesting to see how FCA would sell a deal like this to the public. We're not sure everyone will be happy with Dodge, Jeep and Ram falling under Chinese ownership. FCA didn't turn down the Chinese because they didn't like the idea. It turned down the offer because there wasn't enough money on the table. Related Video: News Source: Automotive News Earnings/Financials Alfa Romeo Chrysler Dodge Fiat Jeep RAM

Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

2023 Alfa Romeo Stelvio Review: Exceptionally sporty, but compromised

Pros: Excellent steering and handling; two sporty engines available; stands out from crowd Cons: Mediocre interior; lackluster tech; small for its segment The 2023 Alfa Romeo Stelvio feels exotic for the compact crossover segment, with its Italian pedigree, sharp styling and sporty performance. It checks the boxes of a luxury daily driver, while still offering sharp driving dynamics that might mean its owner doesn’t miss the sports car that doesnÂ’t fit their lifestyle anymore. And, you canÂ’t dismiss that this thing is different than the rest of the pack. An Italian car with its signature “Scudetto” grille sure stands out in a parking lot full of more common family vehicles with more conformist design — especially if you pick one of the bolder, brighter paint colors from AlfaÂ’s palette. The biggest sticking point with the Stelvio is that its interior doesnÂ’t quite live up to the rest of the vehicleÂ’s grandeur. ItÂ’s not particularly roomy, and middling material quality and a lack of general artistry dull the illusion of exoticism in the otherwise glamorous and sporty Stelvio (though if you like carbon fiber, the QuadrifoglioÂ’s got you — and practically every surface — covered). The tech, while serviceable, is less spectacular than what youÂ’ll find in the competition (though considering how overwhelming some infotainment systems can feel today, that might not be the worst thing ever). The Stelvio is due for an update for 2024, so weÂ’ll see this generation stick around for a few more years before Alfa starts rolling out a raft of electric models. Still, if youÂ’re on the fence about whether to buy one now or wait until next year, we donÂ’t any expect major changes to come, especially not in terms of performance. And while we think some of its competitors offer more in the way of luxury and utility, the Stelvio is still a great choice for a customer who actually cares about driving dynamics and standing out from the crowd. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2023? The Stelvio gets an Estrema trim that borrows features like adaptive suspension and limited-slip differential from the line-topping Quadrifoglio, without taking the step up in engine performance and the much higher price tag that comes with it.