1987 Alfa Romeo Spider Veloce Convertible 2.0l on 2040-cars

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CEO says Volkswagen's buying spree is over

After adding Italian motorcycle icon Ducati to its stable and spending $5.6 billion on the rest of Porsche, Volkswagen CEO Martin Winterkorn says he's done shopping for a while.
"We have enough to do at the moment in taking our twelve brands to where we want to be," Winterkorn tells German newspaper Handelsblatt.

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

China-FCA merger could be a win-win for everyone but politicians

NEW YORK — Fiat Chrysler boss Sergio Marchionne has said the car industry needs to come together, cut costs and stop incinerating capital. So far, his words have mostly fallen on deaf ears among competitors in Europe and North America. But it appears Marchionne has finally found a receptive audience — in China. FCA shares soared Monday after trade publication Automotive News reported the $18 billion Italian-American conglomerate controlled by the Agnelli family rebuffed a takeover from an unidentified carmaker from the Chinese mainland. As ugly as the politics of such a combination may appear at first blush, a transaction could stack up industrially, and perhaps even financially. A Sino-U.S.-European merger would create the first truly global auto group. That could push consolidation to the next level elsewhere. Moreover, China is the world's top market for the SUVs that Jeep effectively invented, so it might benefit FCA financially. A combo would certainly help upgrade the domestic manufacturer; Chinese carmakers have gotten better at making cars, but struggle to build global brands, and they need to develop export markets. Though frivolous overseas shopping excursions by Chinese enterprises are being reined in by Beijing, acquisitions that support the modernization and transformation of strategic industries still receive support, and the government considers the automotive industry to be strategic. A purchase of FCA by Guangzhou Automobile, Great Wall or Dongfeng Motors would probably get the same stamp of approval ChemChina was given for its $43 billion takeover of Syngenta. What's standing in the way? Apart from price (Automotive News said FCA's board deemed the offer insufficient) there's the not-insignificant matter of politics. Even as FCA shares soared, President Donald Trump interrupted his vacation to instruct the U.S. Trade Representative to look into whether to investigate China's trade policies on intellectual property. Seeing storied Detroit brands like Jeep, Chrysler, Ram and Dodge handed off to a Chinese company would provoke howls among Trump's economic-nationalist supporters. It might not play well in Italy, either, to see Alfa Romeo and Maserati answering to Wuhan instead of Turin — though Automotive News said they might be spun off separately. Yet, as Morgan Stanley observes, "cars don't ship across oceans easily," and political considerations increasingly demand local manufacture of valuable products.