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Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.

Aston Martin updates Vanquish, Rapide S for 2015 [w/videos]

For such a small company, Aston Martin certainly keeps busy. Having already previewed its new V12 Vantage S Roadster ahead of its Pebble Beach unveiling, the British marque recently confirmed the arrival of a new Lagonda super sedan. But now it's turning its attention to its two flagship production models with a series of upgrades. The enhancements to the 2015 Vanquish (both coupe and Volante convertible) and Rapide S sedan center around the inclusion of the new Touchtronic III eight-speed automatic gearbox that brings with it enhanced performance, efficiency and comfort. Along with reprogrammed Bosch electronics, the new transmission and updates net a 3-horsepower boost in Vanquish (bringing output up to 568 hp) and 2-hp boost in Rapide S to 552. Torque rises to 465 pound-feet in both, along with revised stability control and steering systems. Upgraded dampers on the Vanquish are 15-percent stiffer up front and 35-percent firmer in the rear, while the Rapide S gets larger front brakes. The result of this suite of minor updates results in a rather substantial performance boost. According to Aston, the upfittings cut a good half-second off the 0-60 sprint for both models: the Vanquish drops from 4.1 seconds to 3.6, and the Rapide S from 4.7 seconds to 4.2. Additional visual enhancements to differentiate the new models are limited to new wheels, paint options and interior trim, the details of which you can scope out in the press release and pair of videos below. DYNAMIC ENHANCEMENTS FOR ASTON MARTIN VANQUISH AND RAPIDE S - Acceleration, top speed, emissions and economy improve significantly - Debut of state-of-the-art eight-speed Touchtronic III automatic gearbox - New engine management system, enhanced trim and specification options 6 August 2014 - Aston Martin is today revealing details of a raft of important enhancements to two of the brand's most popular and successful sports cars: the Vanquish ultimate GT and Rapide S four-door, four-seat, sports car. With the arrival of 15 Model Year (15MY) cars in markets around the world over the next few months, the luxury British brand is offering not only considerably enhanced performance and much-improved fuel economy and emissions, but also an even more honed, precise and responsive driving experience.

Robert Plant’s 1965 Aston Martin DB5 is for sale

It was made famous by James Bond in the 1964 film "Goldfinger," and this particular version was given its lived-in quality by the frontman of one of rock-and-roll's biggest bands. Now you, too, can own the Aston Martin DB5 likely driven to Bron-Yr-Aur and across the land of the ice and snow by none other than Robert Plant. The website Classic Driver is offering the 1965 DB5 coupe owned by Plant, who is most famous as the former lead singer of hard rock titans Led Zeppelin, from the early 1970s until 1986, when he sold it to father and son collectors based in England. Painted in Dubonnet Rose, the four-seater GT has 62,400 miles on it, a tan leather interior and what must be many, many untold stories of rock-and-roll excess. The DB5, which updated the DB4, had an all-aluminum 4.0-liter, DOHC straight-six engine that made 285 horsepower and 280 pound-feet of torque mated to a full synchromesh ZF five-speed gearbox. It also featured three SU carburetors, twin hydraulic brake servos, Girling disc brakes and the early use of electric windows. It became famous as James Bond's third but most recognizable card, with a prototype version full of gadgets used by Sean Connery in "Goldfinger," and the car re-appearing in several subsequent Bond movies and with different actors. This particular DB5 was restored by Aston Martin agents Chapman Spooner shortly after Plant sold it in 1986, and the car was entered into a number of Aston Martin Owners Club events during the '80s. The current owner bought it in 2008 from Nicholas Mee & Co., used it very sparingly and kept the car in a controlled environment. Given the lore that surrounded Led Zeppelin in its heady '70s rock-juggernaut days, it's remarkable that the car survived intact as well as it apparently has. The DB5 was apparently a popular one among British rock royalty of the era, as Bonhams Bond Street just sold a '64 version previously owned by Paul McCartney for $1.8 million.Related Video: Featured Gallery Robert Plant's 1965 Aston Martin DB5 View 15 Photos Image Credit: Nicholas Mee & Co Ltd Aston Martin Automotive History Coupe Luxury Classics famous cars aston martin db5