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Sergio rethinks FCA-GM merger idea, dismisses critics

After many public overtures, Fiat Chrysler Automotive CEO Sergio Marchionne has claimed his company won't be making a hostile takeover bid for General Motors. This is despite widespread speculation that FCA's desire to merge was motivated by its allegedly dire situation. As one unnamed GM exec who spoke to Automotive News earlier this year put it, "Why should [GM] bail out FCA?" "We are not choking. We are in relatively decent shape," Marchionne told journalists attending an FCA shareholder meeting in Amsterdam, AN reports. "We have been publicly rebuffed, we have been rejected and you cannot force these things. I don't want to. At the moment, we have no intention to do anything hostile." Instead of focusing on merging with GM, or any other partners for that matter, FCA will refocus on implementing its ambitious five-year investment plan, which would see it dump $52 billion into its various brands, with a particular focus on Alfa Romeo, Maserati, and Jeep. So far the attempt has largely been unsuccessful, especially as it relates to the Italian brands. Earlier this week, additional reports emerged that claimed Alfa was pushing back the Giulia and an unnamed CUV while reassigning resources to updated versions of the Giulietta and MiTo hatchbacks. This is not the first time we've heard about trouble for the Giulia, of course. For Masearti, though, it was the first we'd heard of delays for Alfieri sports car, which allegedly won't appear in 2016, as promised. We can expect a proper breakdown of FCA's adjusted plans when Marchionne and Company reveal an updated product slate next month. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience. News Source: Automotive News - sub. req.Image Credit: Paul Sancya / AP Alfa Romeo Chrysler Fiat GM Jeep Maserati Sergio Marchionne FCA

Maserati Shamal restomod is sketched out and could become reality

Remember the Maserati Shamal? Alright, maybe you don’t, but Maserati certainly hasnÂ’t forgotten. As this year's quasi-virtual SEMA show continues, Maserati has joined the fray by threatening to build a restomodded version of the Shamal. All we have to go on are some renderings posted to Instagram, but Maserati does a bit of explaining in its post. The company is calling this Project Rekall. If Maserati goes through with it, weÂ’d end up with a sci-fi Shamal full of modern technology conveniences and some epic, retro design. Maserati says it needs help to turn this idea into reality, and by that they mean people need to show some financial interest in such a thing. Since the Instagram post is on the Maserati Fuoriserie account, we'll assume this customization arm of the company would be doing the work. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As a quick history lesson, the Shamal is an exceedingly rare Maserati that was sold in the early-to-mid 1990s. It was designed in part by Marcello Gandini, the famous Italian car designer who happens to have the Miura, Countach and so many other famous designs on his resume. Power came from a 3.2-liter twin-turbo V8, and it used a front-engine, rear-drive layout. These renderings depict a deeply changed Shamal. And while the boxiness and sharp edges remain, many elements of the car were revised. The changes are most obvious inside, where Maserati is showing a totally digital instrument cluster and some spacey bucket seats. WeÂ’d love to see Maserati turn it into reality, so if youÂ’re someone who would purchase a restomodded Shamal, speak up now. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Maserati wasnÂ’t quite done yet, though. A snow-munching MC20 supercar rendering also made it to Instagram. It looks as though it was lifted, fitted with studded winter tires and given a set of skis to carry around. And for whatever reason, Maserati also drew a caution tape insert on the side of the mid-engine supercar. This MC20 is definitely far off in SEMA fantasy land, but we still fully support anyone who ends up using their MC20 in the snow one day.

Cars with the worst resale value in 2022

Car values are all over the map right now. Used vehicles that were worth a small fortune earlier this year are now coming back to Earth, but the new vehicle supply remains tight. Prices are still elevated overall, but some models have seen more severe price drops. Depreciation strikes almost every model, supply constraint or not, though a few vehicles are leading the way. New research from analytics iSeeCars found that a handful of cars depreciated more than 50 percent over five years, with the BMW 7 Series dropping 56.9 percent and an average price cut of $61,923 over that time. The vehicles with the highest depreciation — or worst resale value — over five years: BMW 7 Series: -56.9% Maserati Ghibli: -56.3% Jaguar XF: -54% Infiniti QX80: -52.6% Cadillac Escalade ESV: 52.3% Mercedes-Benz S-Class: 51.9% Lincoln Navigator: -51.9% Audi A6: -51.5% Volvo S90: -51.4% Ford Expedition: -50.7% iSeeCarsÂ’ research showed that midsize trucks, sports cars, and fuel-efficient vehicles were slowest to depreciate over five years, while itÂ’s clear that luxury brands tend to lose value much faster. As iSeeCarsÂ’ Executive Analyst Karl Brauer explained, used buyers donÂ’t value high-end vehiclesÂ’ features as much as the first owners, so resale values tend to be softer. The tech and options that made the cars so expensive and appealing new donÂ’t add the same value on the used market. Read more: Cars with the best resale value Interestingly, electric vehicles also depreciated quite heavily, though they were just short of the abysmal numbers in luxury segments. The Nissan Leaf depreciated most among EVs, dropping by 49.1 percent. The average EV depreciation is 44.2 percent, with the Tesla Model S and Model X sliding in right under the bar at 43.7 and 38.8 percent, respectively. As iSeeCars notes, itÂ’s important to be vigilant when car shopping and not let your emotions win over reason. Shiny new luxury cars look great in the showroom, but you could end up taking a bath when you try selling them a few years later on. Related video: Audi BMW Cadillac Ford Infiniti Jaguar Lincoln Maserati Mercedes-Benz Volvo Car Buying Used Car Buying Ownership Resale Value depreciation