2012 Fiat 500 Lounge Convertible - 1 Owner - Florida Vehicle - Super Low Miles on 2040-cars

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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.

It turns out the Fiat 500X isn't a track car

Our long-term Fiat 500X has been a trusty sidekick for road trips, errands, and all the other tasks you normally throw at a baby crossover. But our exhaustive testing does not stop there. On a recent trip to GingerMan Raceway (where we tracked the BMW M2, Ford Focus RS, and our long-term Mazda Miata) the little green Fiat came along on camera-lugging duty. And then Mike and I got in and took it for a hot lap. Though this may seem crazy on the surface, let me try and defend myself. The mode switch on the 500X's center console has a little graphic of the crossover next to a waving checkered flag to signify Sport mode. That was really all the indication I needed to confirm the vehicle's true intentions. So we switched it to track attack, did a brake-torqued launch, and went hunting for apexes. As you'll see in the video above, the baby Fiat ute was actually kind of entertaining on the track. Its torquey 2.4-liter engine engine is fun enough to work, and the nine-speed auto shifted relatively quickly (when I remembered to request shifts). We (okay, I) sort of forgot the last rule of hot-lap club. Wait for the end to find out what I mean. So no, we didn't set any lap records. Except we probably set the track record for a 500X, because I can't imagine anyone else is going to take theirs to GingerMan any time soon. But please, prove me wrong. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fiat Long-Term Garage Crossover Performance Videos Original Video fiat 500x

Ford Expedition, F-150 Limited and Cadillac V Series | Autoblog Podcast #583

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Assistant Editor Zac Palmer. First, they talk about the cars they've been driving, including the Ford Expedition, Ford F-150 Limited and the Mini Cooper JCW Knights Edition. Then they discuss the news, including Ian Callum stepping down from Jaguar, Cadillac's V cars and the latest in the saga between FCA and Renault. Autoblog Podcast #583 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: Ford Expedition Ford F-150 Limited Mini Cooper JCW Knights Edition Ian Callum resigns from Jaguar Cadillac V FCA backs down from Renault merger talks Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: