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Fiat Chrysler open to mergers, and PSA is looking for one

GENEVA — Fiat Chrysler (FCA) is open to pursuing alliances and merger opportunities if they make sense, but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said on Tuesday. "We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future, I will look at that," Manley told reporters at the Geneva Motor Show. Asked whether he would consider selling Maserati to China's Geely Automobile Holdings, as suggested by recent media reports, Manley said: "Maserati is one of our really beautiful brands and it has an incredibly bright future. ... No." FCA is often cited as a possible merger candidate. Bloomberg said this week that the Italian-American carmaker was attractive to France's PSA Group given its exposure to the U.S. market and its popular Jeep brand. The Detroit News' headline on the situation Friday read, "Fiat Chrysler CEO open to a deal as PSA circles" and stated that Manley's open-to-just-about-anything comments were aimed directly at PSA. Bloomberg said talks between the two were preliminary and said PSA chief Carlos Tavares has also contemplated mergers with General Motors or Jaguar Land Rover, which is losing money for Indian owner Tata. PSA has enjoyed a decade of turnaround and has $10.2 billion in net cash available. The maker of Peugeot, Citroen and DS, acquired Opel and Vauxhall in 2017 and made them almost instantly profitable. Manley, who took over after the death of Sergio Marchionne, said he currently had no news on possible deals. Manley also said the world's seventh-largest carmaker, which is lagging rivals in developing hybrid and electric vehicles, would take the least costly approach to comply with increasingly more stringent European emissions regulations. "There are three options. You can sell enough electrified vehicles to balance your fleet. Two: You can be part of a pooling scheme. Three is to pay the fines," he said. "I don't see a scenario when (carmakers) continue to subsidize technologies ... indefinitely." The carmaker had said last June it would invest 9 billion euros ($10.19 billion) over the next five years to introduce hybrid and electric cars across all regions to be fully compliant with emissions regulations. Asked about a 5-billion-euro investment plan for Italy FCA announced in November but then put under review, Manley said the plan had been confirmed as originally presented.

2023 Maserati Grecale starts taking off its camouflage

Maserati is still working on bringing the Grecale, its long-awaited entry-level SUV, to production. With a little over a month to go before the model's unveiling, the Italian company released a batch of preview images that give us the best look yet at the next addition to its lineup. The prototype depicted in the images wears a black and white wrap that previews some of the Grecale's specifications and features, like the amount of storage space and leg room available in the cabin. Key figures remain under wraps, they're replaced by asterisks, and a message written on the wrap lets the Grecale tell on-lookers that it "can't tell you much more" about what's underneath. The photos are telling, though. While previous images released by Maserati hid the SUV's finer design details, the latest batch shows the grille, headlights, some exterior trim pieces and cool-looking wheels with trident-shaped spokes that echo the firm's logo. Its profile is reminiscent of the Levante's in the sense that it unmistakably leans towards the sporty side of the SUV scale thanks to styling cues like a rakish roof line, though its rear wheel arches look less pronounced. Up front, it's a different story: the headlights are more rounded and positioned above the grille. Out back, we spot horizontal lights connected by a piece of trim (or a well-hidden light bar) and four exhaust outlets. All told, the Grecale falls in line with Maserati's design language without blatantly copying the Levante. Its interior remains hidden for the time being, however. Nothing is official yet, but earlier reports claim that the Grecale will ride on a version of the Giorgio platform that underpins several members of the Alfa Romeo range, including the Stelvio and the Giulia. If that's accurate, rear-wheel-drive will likely come standard (at least in some markets) and all-wheel-drive will be available as well. We know that a high-performance Trofeo version will ultimately join the range. Aimed directly at the Porsche Macan, the 2023 Maserati Grecale will make its debut on March 22. Production will start shortly after. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Maserati rules out smaller Macan rival

These days every luxury automaker is going after the Porsche Cayenne with a crossover of its own. Among those coming up is the Maserati Levante, which will mark the Trident marque's first foray into high-riding territory. But don't expect it to follow up with a Macan rival as well. Speaking with Autocar, Maserati chief Harald Wester ruled out the possibility of a smaller crossover to join the Levante in the Modenese automaker's lineup, ostensibly because doing so would step on the toes of other brands under the Fiat Chrysler umbrella – particularly with Alfa Romeo set to launch a crossover of its own. "We are an extremely complex multi-brand group and to have every doing a little bit of everything is not the right way," Wester told the British magazine. "In this business, you should never say 'no' in a dogmatic way, but my personal opinion is that Maserati wouldn't want to go below the Levante in size." And Wester's opinion goes a long way in the halls in Turin and Auburn Hills: he's head of both the Maserati and Alfa Romeo brands, and is also the group's Chief Technology Officer. That's something that has never seemed to deter the Volkswagen Group, though, where Bentley is gearing up to take on its sister company's Cayenne with the upcoming Bentayga and is also said to be considering a Macan rival. And that's to say nothing of other SUVs occupying similar size and price positions from Volkswagen, Audi and potentially Lamborghini. Which only serves to underline the different approaches taken by Europe's two largest automakers. Look for the Levante to debut at the 2016 Detroit Auto Show.