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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.

This Aston Martin V8 Vantage prototype sounds like it has AMG power

We've known for a while now that the next Aston Martin V8 Vantage would get power from a turbocharged Mercedes-AMG engine, but this is the first time we've had a chance to hear it. The video above, recorded by Autoevolution, shows a prototype of the 2018 Aston Martin Vantage cruising around roads near the Nurburgring. The sound is definitely similar to other V8-powered Mercs, and absolutely does not an Aston power plant. As for how good it sounds, the office is split. At least we're in agreement that it's good the car will probably be offered with a manual transmission. We can also pick out a few little details from the body. This new Vantage will get fender vents like those on the DB11 starting from just behind the front wheel arch. The DB11's high and wide rear haunches will carry over as well. This particular prototype has a very deep chin spoiler up front, which may indicate there will be more than one version. The headlights are concealed well, but considering the similarities to the DB11 in other areas, we'd expect similar swept-back headlights up front. Basically, the Vantage is shaping up to continue Aston's tradition of similarly shaped sports cars in different sizes, but that's hardly a bad thing when the resulting cars look so good. Related Video: News Source: Autoevolution / YouTube via Road & TrackImage Credit: Autoevolution / YouTube Spy Photos Aston Martin Coupe Future Vehicles Performance Videos viral video mercedes-amg aston martin v8 vantage

Woman wins Aston Martin during Price is Right Dream Car Week

If you need a quick shot of happiness to warm your day, watch this clip of a woman's reaction as she wins a $120,000-Aston Martin V8 Vantage on The Price is Right. The show doesn't usually give such high-dollar vehicles, but this is Dream Car Week, which considerably increases our interest in the prizes. This wedding photographer plays Spelling Bee where the goal is to pick the letters for "car" or win immediately with one of the cards that displays "Car." Skip to 3:38 into the video to dispense with her choosing the prices of items and get straight to the heart of the game. Host Drew Carey tries to convince the woman not to play with the offer of $25,000 cash, but she presses forward. That was a great decision, and the woman goes wild about winning the British sports car. It's wonderful to see someone so excited about getting such a fantastic prize. We hope she really enjoys driving her new Aston Martin. Related Video: