1986 Alfa Romeo Spider Quadrifoglio on 2040-cars

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Alfa Romeo Stelvio Quadrifoglio is new SUV king of the 'Ring

It's been a couple years since the last Nurburgring SUV lap record was set by the Porsche Cayenne Turbo S, a quick time of 7 minutes and 59 seconds making it the first SUV to pull off a sub-8 minute time. The Cayenne's glory days are over, though, as the Alfa Romeo Stelvio Quadrifoglio just obliterated that time. Alfa's wild SUV with its Ferrari-based 510-horsepower twin-turbo V6 managed to whip around the north loop of the 'Ring in just 7 minutes and 51 seconds. Not only does that make it 8 seconds quicker than the Cayenne, it's an insane 23 seconds faster than the Land Rover Range Rover SVR, the record holder before Porsche. The Stelvio also was working with a notable power disadvantage compared with the Cayenne and the Range Rover. The Porsche packed 565 horsepower, and the Land Rover had 542 horsepower. View 9 Photos Alfa Romeo also got the whole lap on film, which you can view up above. The video also shows that the Stelvio had an aftermarket roll cage fitted for an extra layer of safety. Alfa didn't say anything about how that might affect performance or what may have been done to offset it. But as we always point out with these records, they shouldn't be taken too seriously, especially for the SUV segment, in which we can virtually guarantee no one will be attempting to replicate this lap time with their personal Stelvios. Related Video:

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 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: