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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 brings impressive lineup of metal to Monterey

Aston Martin wins the manufacturer's round of Show and Tell on Thursday at Pebble Beach, bringing six cars to the collectors' bacchanalia with four North American debuts among them. The 540-horsepower Aston Martin DB9 GT said hello to US crowds for the first time, likely the beginning of a goodbye tour while it prepares to give way to the coming DB11. Having finished its work in Rome and other points distant filming Spectre, slotting in between DBs 9 and 11 comes the DB10 making its global public debut. The latest Bond car might look better sitting still in the Aston Martin pavilion than it does in the movie trailers. The Middle-East-and-Europe only Aston Martin Lagonda has never been to the US either, nor has the DBX electric crossover concept, and the utility vehicle got a coat of Mako Blue paint to make its introduction. The Vulcan racer got re-hued as well, in a coat of Saffron Orange. Finally, there's an Aston Martin Q Vanquish Volante built specifically for Pebble. Combining an "adventurous sport theme" and "deep teal colors of Arctic sea ice," Silver Fox paint is accented with Q Tomales Red and Ocellus Teal, Baltic Blue leather inside, and teal-tinted carbon fiber throughout. It's the most vibrant and fastest chunk of iceberg on the peninsula, certainly. Check out the entire range in the galleries above and below. Related Video:

Aston Martin's upcoming hypercar officially named Valkyrie

For all of the awesome design and impressive promised performance of the upcoming hypercar from Aston Martin and Red Bull, it has had until now a terrible name. AM-RB 001 never really rolled off the tongue, nor did it evoke power and beauty like past Aston Martin names, such as Vanquish. But Aston has fixed that with the car's new name, Valkyrie. It's a solid name, one that comes from Norse mythology. Not only that, but it continues Aston's use of names starting with "V" (Vantage, Virage, Vulcan, et al). It's also way easier to say than the serial number that was the old name. We're looking forward to getting the full official specs, too. So far, we know it will have a V12, and the company is aiming for a one horsepower to one kilogram power-to-weight ratio, similar to that of the Koenigsegg One:1. We've also heard that Aston will sell just 175 cars, with each running about $3 million. Related Video: