2023 Alfa Romeo Stelvio Veloce on 2040-cars

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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.

Alfa Romeo Stelvio goes on sale this summer for $42,990

The wait is nearly over for the most practical Alfa Romeo yet. The mainstream versions of the new Stelvio crossover SUV go on sale this summer, with pricing and availability for the 505-horsepower Quadrifoglio coming later. The entry-level Stelvio will start at $42,990, and the higher-trim Ti will go for $44,990. This pricing, which includes destination charges, is nearly identical to key competitors in the small luxury crossover segment. The Jaguar F-Pace starts at just $70 more with a base price of $43,060. The BMW X3 starts a bit lower than both at $41,045. Each of those entry-level crossovers makes less power than the Stelvio, though. The Jaguar makes 247 horsepower, and the BMW makes 240. The Stelvio's turbo four-cylinder makes 280 horsepower and 306 pound-feet of torque. And unlike the BMW, the Alfa comes with standard all-wheel drive. Along with the standard eight-speed automatic, the Stelvio is capable of getting to 60 mph in an estimated 5.4 seconds on the way to a 144 mph top speed. Aside from the potent four-cylinder, Stelvios come standard with leather seats, keyless entry and starting, rearview camera, 7-inch infotainment display, and 18-inch wheels. Spending the extra $2,000 for the Ti trim level will add 19-inch wheels, real wood trim, an 8.8-inch infotainment screen, and heated seats and steering wheel. Sport packages are available on both the base model and Ti. Each package includes sportier suspension, a different steering wheel, black window trim and roof rails, and aluminum pedals and paddle shifters. On the base Stelvio, the package only costs $1,800 and also adds 19-inch wheels. On the Ti, the package costs $2,500, but includes 20-inch wheels and 12-way power sport seats. The Ti also offers a Lusso package for $2,500 that comes with 19-inch wheels, 12-way power seats with nicer leather upholstery, a leather-wrapped dashboard, and a "luxury" steering wheel. Related Video:

Watch Alfa Romeo's slightly suggestive lifestyle ad for the 4C

We haven't watched a car ad with this much European panache in quite some time - and let us be clear, we're using the phrase "European panache" in its marketing sense, which is code for "women in lingerie." But it's Alfa Romeo and it's Italy and it's the 4C and what else would we ever have expected? Alfa Romeo USA has posted a two-minute spot talking up the technology and capabilities of the of 4C, with beauty shots of the car augmented by an amorous pantomime between two beautiful people wearing a whisper of clothing and some un-subtle editing; like when the phrase "pure seduction" is matched to the 4C's rear end and... some lovely lady lumps. It's totally safe for work, but that doesn't mean you want it rolling when the boss walks by. And speaking of the above phrase, we're wondering if the coupe's exterior designers signed off on "The inexplicable design of the 4C is pure seduction." Inexplicable? Check it out in the video above.