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Marchionne uses racial epithet to describe what must power future Alfa Romeo models

Sergio Marchionne and his Fiat empire have a lot riding on the US return of the Alfa Romeo brand. The endeavor has been in progress for what feels like a lifetime - certainly for as long as Fiat has had the Chrysler brand under its Italian wing.
It's not surprising that Fiat CEO Marchionne needs a perfect first Alfa to mark a return to America. And here's where things get dicey. Nobody would argue with Marchionne's insistence that Alfa Romeo's be powered by Italian engines - as Marchionne himself is quoted to have said at the 2013 Detroit Auto Show, "There are some things that are well done in Italy."
If not what he said, then, it's how he said it that has eyebrows raised. "I cannot come up with a schlock product, I just won't. I won't put an American engine into that car. With all due respect to my American friends, it needs to be a wop engine." Wait, what's that?

Alfa Romeo Stelvio caught testing under the cloak of darkness

With Americans still going crazy over compact SUVs and crossovers, the upcoming Alfa Romeo Stelvio is the Italian automaker's latest attempt at regaining its status as a household name in the US. Photographers managed to capture a prototype testing at night with very little camouflage to hide the SUV's overall design. These photos are the clearest ones we've seen of the upcoming SUV. The prototype's front end is extremely similar to the Giulia's with two oval-shaped outlets on the side of the fascia with a v-shaped grille in the center. The headlights, which are surrounded by black tape, also mimic the units found on the Giulia. The ruffles in the camouflage on the hood suggest that the Stelvio gets a pair of vents. The profile of the crossover is much more round than previous prototypes depicted with the overall shape mimicking the Jaguar F-Pace, but much smaller in size. The taillights, surprise, surprise, also resemble the same ones found on the Giulia. There's no way to know what type of engine is powering the Stelvio prototype, but the two tailpipes and skinny tires point toward something much more subdued than the twin-turbo 2.9-liter V6 that puts out 505 horsepower in the Giulia Quadrifoglio. We expect the production version of the crossover to get the same gasoline and diesel options as the Giulia, depending on where the vehicle is sold. The Stelvio – and this shouldn't come as a surprise to anyone – looks like a larger, taller Giulia. While the prototype looks ghastly with its camouflage, we expect, and hope, that the SUV will look a lot better at its debut, which could take place at next month's Los Angeles Motor Show. Related Video: Featured Gallery Alfa Romeo Stelvio Spy Photos Image Credit: KGP Photography Design/Style Spy Photos Alfa Romeo Crossover SUV alfa romeo stelvio

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.