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Marchionne now considering 'Plan B' partners for FCA merger

Okay Sergio, just stop. With the sting of rejection from General Motors CEO Mary Barra still fresh, Fiat Chrysler Automobiles CEO Sergio Marchionne is moving on and trying to find another automaker to merge with. FCA may not be giving up hope on a merger with GM, but that doesn't mean it isn't at least considering alternatives. Sergio's so-called "Plan Bs" include the Volkswagen Group, as well as smaller Asian outfits, like Mazda, Honda, Suzuki, and Hyundai. Bloomberg reports that France's beleaguered PSA Peugeot Citroen could as a sort of "fallback" option due to its relative lack of volume, an unidentified source claimed. There are, of course, problems with each option. According to Bloomberg, Volkswagen expects complete control of a company, but the Agnelli family, which holds a large portion of FCA stock, is loathe to relinquish its stake in the company. On top of that, VAG just isn't looking to make a deal right now. Mazda, meanwhile, is enjoying a new partnership with Toyota and Suzuki is partially owned by VW. Honda and Hyundai have never expressed any interest in a partnership with a western automaker. That kind of just leaves the French then, but even that remains a long shot. As Bloomberg tells it, PSA boss Carlos Tavares is still working on a turn-around plan, and would want at least another six months to execute before even considering a deal with FCA. And even then, Tavares hasn't given any indication that he's considering a pairing. News Source: BloombergImage Credit: Paul Sancya / AP Chrysler Fiat GM Honda Hyundai Mazda Suzuki Citroen Peugeot Sergio Marchionne FCA Mary Barra psa peugeot citroen

Suzuki could disappear from new car market quickly thanks to low inventory

Yesterday's announcement that American Suzuki has filed for bankruptcy is all but a death blow for the Japanese automaker's 246 US dealers, but if there's any good news coming out of the situation, it could be the fact that the whole process will likely be quick and painless rather than drawn out. WardsAuto is reporting that with the current inventory and average sales numbers so far this year, there figures to be about three months left for Suzuki's new-car business in the US given current sales rates.
In October, Suzuki sold 2,023 units - a five percent increase over last year - but with just 5,549 left in inventory, it shouldn't take too long to wind down operations. Sales for the brand peaked 2007 with more than 100,000 units sold, but this year, Suzuki is barely on pace to reach a quarter of that amount, with just 21,188 units sold so far in 2012. In addition to poor sales, WardsAuto also notes that Suzuki faced problems due to its reliance on customers with subprime credit.
Suzuki will continue to sell motorcycles, ATVs and marine engines in the US, while the brand's cars will still be on sale in other countries including Canada and Mexico.

Trick motorcycle rider breaks world record for fastest wheelie

The world record for the fastest wheelie ever was broken last week in a British racing event by certifiably crazy man Gary Rothwell. It goes without saying, but we'll say it anyway: don't try this at home, kids. On September 20, in at an airstrip in York, England, Rothwell rode his 540-horsepower turbocharged Suzuki Hayabusa 209.8 miles per hour over while balancing entirely on his rear wheel. Rothwell beat the previous world record by a whopping 10 miles an hour, according to Gizmag. Rothwell was going overboard to ensure he cinched the title. He was still miffed over his failure to break the record last month. He only reached 197.8 miles per hour in that attempt, just shy of it. Rothwell also holds world records for being the fastest man on skis, which involved him jumping off the back of his bike and being pulled along at 150 miles per hour on titanium skis. He completed the wheelie at the last Straightliners Top Speed event of the year. Straightliners is known for hosting the fastest of anything. This year featured everything from a shed that traveled over 88 miles per hour to a jet-powered shopping cart. They also welcome trick riders of all flavors to come and share their expertise. Related Video: News Source: Gizmag Motorsports Weird Car News Suzuki Driving Motorcycle Videos world record top speed fastest wheelie