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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

The 2016 Alfa Romeo 4C should sound even better

We love the raw simplicity of the Alfa Romeo 4C – it is first and foremost a driver's car, and a great one at that. So while there are a number of updates for the 2016 model year, none of them mess with the 4C's inherent enthusiast-centric nature. In fact, these enhancements should only, well, enhance the overall driving experience. The thing we're most excited about is a new Akrapovic dual-mode titanium exhaust. Not only does this option relocate the exhaust tips to the center of the 4C's rump, it uses asymmetrical mufflers and a link pipe with a built-in resonator to create what we assume is an even better exhaust sound. The Akrapovic setup works with the Alfa's DNA drive select modes – in Dynamic and Race, things are loud and resonant, but in Natural and All-Weather settings, there's a quieter tone. Other 4C updates are less obvious. There's some more carbon fiber trim both inside and out, some new color combinations for the leather sport seats, and the Spider's premium audio system and lockable storage containers are now standard on the Coupe. Pricing isn't confirmed in Alfa's release, but from what we find on the company's consumer site, the Coupe starts at $55,900 and the Spider comes in at $65,900. Based on the 2015 models we tested, that means the added content has bumped up the Coupe's price by $2,000, and the Spider sees a modest $405 hike. Read all the details in the press blast below. ALFA ROMEO 4C AND 4C SPIDER ADD MORE PERSONALIZATION OPTIONS FOR 2016 New for 2016, Alfa Romeo is offering even more carbon fiber: - All-new carbon fiber halo offering elevates the 4C Spider's technical look, while hinting at its exclusive carbon-fiber monocoque chassis - All-new Carbon Fiber Trim Package further proliferates 4C and 4C Spider's use of carbon fiber on interior vents, instrument cluster surround and instrument panel and shift bezels - Bespoke Italian style: A new premium leather interior with Tobacco and Black sport seats paired with a Black leather interior with Tobacco accent stitching is now available - All-new Akrapovi?

Alfa Romeo: Reports of 4C's death by 2020 aren't true

The Alfa Romeo 4C is a purpose-built sports car that hasn't put up stellar sales figures in the US. As we found out, it's an uncompromising machine, which is probably one reason why the automaker is struggling to shift a large number of units. A recent report from Autoline, citing Auto Forecast Solutions, claims that Alfa is planning to axe the 4C Coupe and 4C Spider from its lineup by 2020. The report claims that the automaker plans to cancel the next generation of the 4C to focus on manufacturing new models that would have more sales potential. Alfa only managed to sell 309 units this year – that's only 11 more units than the Dodge Viper, which will be going out of production next year. When we questioned an Alfa Romeo spokesman on whether the 4C would be discontinued by 2020, he stated that no plans had been announced yet and referred us to Fiat Chrysler Automobiles' five-year plan. The plan mentions two "specialty" models that Alfa plans to introduce between 2017 and 2020. It's not clear whether these models would be in addition to or act as direct replacements for the 4C Coupe and 4C Spider. There's also a possibility that the upcoming models would serve the same purpose as the 4C models, but carry different names. The 4C marked Alfa's return to the US since it left in the 1990s. As part of the automaker's comeback, it plans to put a sports sedan, in the form of the Alfa Romeo Giulia, up against the Mercedes-Benz C-Class and BMW 3 Series later this year. Related Video: