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Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Alfa Romeo planning a four-cylinder, 350-hp Giulia Veloce?

At the moment, Alfa Romeo sells a 2.0-liter, turbocharged four-cylinder Giulia with 280 horsepower for $37,995, and a 2.9-liter, twin-turbo six-cylinder Giulia Quadrifoglio with 505 hp for $72,000. A vacuum separates those poles, and the marketplace, echoing nature, hates it. Some recent Internet sleuthing in The Netherlands and in the U.S. might have identified a suitable object to fill that void: a 350-hp version of the 2.0-liter turbo. Last December, Dutch shop Squadra Tuning discovered an entry on Fiat Chrysler's Dutch-market parts site for a 2.0-liter turbo Giulia producing 350 metric horsepower (345 U.S. ponies). Not long after that, an Autoevolution reader submitted an image of an FCA document for the NAFTA region, which listed a 2.0-liter, 350-hp model for the USA equipped with the eight-speed automatic and all-wheel drive. The name of the model powered by that engine: "Giulia Veloce." Certain international markets already offer a Veloce trim with an auto transmission and all-wheel drive, but engine choices are the 280-hp 2.0-liter we already get, and a 2.2-liter turbodiesel we don't get. If those overseas discoveries were merely smoke, conjecture took a huge step toward fire a few days ago when Bozi Tatarevic found a 2.0-liter, 350-hp engine option on Mopar Tech Authority, FCA's OEM service portal. Car and Driver asked Alfa Romeo for clarification, the carmaker responding, "No plans for any other engines for Giulia in North America for 2018 model year besides the 2.0L and 2.9L [gasoline] versions." Having ruled 2018 out, onlookers have turned their eyes to 2019 for the introduction of this 350-hp motor. What's more, a comment on Tatarevic's tweet sends speculation into 48-volt overboost. Twitter user Rob P replied, "This is pretty well established as happening. MY2019, USA only. 280hp + 48V electrical system + elec. assisted turbo = ~350bhp 'Veloce' in USA nomenclature." No matter how the horses are made, assuming 350 cavalli make it across the Atlantic, Alfa's lineup will profit from the addition: Buyers in the sport sedan segment would get some Italian sprezzatura to cross-shop against German Monumentalitat. Related Video: News Source: Bozi Tatarevic / Twitter via Road and Track Rumormill Alfa Romeo Luxury Performance Sedan FCA alfa romeo giulia 48-volt system giulia

2022 Alfa Romeo GTV leaked image shows high performance coupe

Update: Turns out, the image came from the School of Design Milan and is not a leaked image of the upcoming Alfa GTV. We have since learned the image was of a rendering presented during a class. Alfa Romeo declared it was going to bring back the GTV name with a high-performance hybrid car last summer at its five-year plan conference. We got a teaser then, but now this image has surfaced online, initially appearing on the Italian Club Alfa website. It does indeed have the coupe bodystyle we surmised before. We're getting a grand tourer vibe from the styling right now, especially in knowing Alfa plans on giving the GTV 600 horsepower. The power will most likely come from the 2.9-liter twin-turbo V6 hooked up to some form of hybrid electric system. We've been told to expect all-wheel drive, torque vectoring and a 50/50 weight distribution for the GTV, along with a short electric-only range. Alfa's Giorgio platform was designed with electrification in mind, so this car will certainly ride on those underpinnings. That's great to hear, because the Giulia and Stelvio are both dynamic standouts in their respective classes. This car's looks looks set to take on other luxury grand tourers like the Lexus LC500 and BMW 8 Series. The GTV is set to be joined by a new 8C supercar with even more horsepower in 2022. That vehicle will also be using a hybrid powertrain. Both these cars are still a few years from production, but we may just see a concept or two at auto shows leading up to their eventual reveals.