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Alfa Romeo 8C and GTV: Classic names revived as high-powered hybrids

BOLOCCO, Italy — There were grand plans for Alfa Romeo at FCA's last five-year plan. By 2018, we were supposed to get eight new products, including a new "specialty" vehicle. In reality, we've gotten the Giulia and Stelvio. At this year's follow-up, Alfa Romeo brand head Tim Kuniskis called the last plan ambitious, but he offered a new vision that was both more realistic and more far-reaching. Beyond doubling down on utility and electrified vehicles, by 2022 Alfa has plans to revive both the 8C and GTV names as high-performance hybrids. Since 2014, Alfa sales are up 160 percent, with an estimated 170,000 vehicles to be sold in 2018. The North American market counts for 16 percent of that, up from nothing back in 2013. Future products will focus on Alfa's current strengths: styling and performance. Look for new compact and full-size utility vehicles to slot on each side of the Stelvio. Plans for a larger sedan seemed to have been nixed, though a long-wheelbase version of the Giulia will make it to the ever-increasing Chinese market. The most exciting news obviously comes from the return of the 8C supercar and GTV sports car. We have few details, but what we do know looks promising. The 8C will use a carbon-fiber chassis with a mid-mounted twin-turbo V6. More than 700 horsepower will be sent to all four wheels thanks to an electrically-driven front axle. The car should hit 62 mph in fewer than 3 seconds. The GTV will be slightly more tame, though Alfa is promising more than 600 horsepower from its hybrid powertrain. The four-seater will also have all-wheel drive, torque vectoring and a 50/50 weight distribution. The brief teaser image shows a car that looks like a two-door Giulia, though it's unclear if we'll actually get a new coupe. Electrification, autonomy and connectivity are coming, too. Obviously, the 8C and GTV will get electrified powertrains, but look for each Alfa Romeo model to have some sort of electrification available. Look for six plug-in hybrids with all-electric ranges of more than 30 miles. Level 2 and 3 autonomous systems are coming, too. Related Video: Design/Style Earnings/Financials Green Alfa Romeo Aston Martin Coupe Crossover SUV Hybrid Luxury Performance Supercars FCA alfa romeo 8c

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.

Alfa Romeo's midsize sedan due in June, and we'll get it

As the calendar shifts, so do Alfa Romeo's plans. At the LA Auto Show, Harald Wester, head of Alfa Romeo, said the brand would unveil its second US model – after the 4C – next June, but he wouldn't identify the type of car. A report in Automotive News Europe, quoting sources, says that it will be a midsize sedan in the mold of the erstwhile 159 (pictured) that was supposed to become the Giulia but now has a new brief and perhaps a new name. "Giulia" should be familiar because we've been hearing about it for more than three years – in fact it was 2011 when it was thrown back on the drawing board for a complete redesign. Last year the plan – or the anonymously-sourced bits of the plan that we kept getting – were for the platform to go rear-wheel drive and do duty for both a BMW 3 Series and 5 Series competitor. ANE's latest intel is that the coming midsize sedan will be come in between the 3 Series and 5 Series – a strategy used by the original Cadillac CTS – slotting in beneath a "flagship sedan" that would fit between the 5 Series and 7 Series. That would appear to contradict a direct challenge to the entry-level segment's standard-bearer, and perhaps the M3, too. Those two Alfa sedans would be part of an eight-model onslaught happening over the next four years, which is a new matrix compared to April of this year when that was reported to be six models over the next five years. ANE says work has started on three of them, a midsize SUV said to be the third. The push is to get Alfa to 400,000 annual sales – 100,000 more than the April target – with the US accounting for 150,000 of that. News Source: Automotive News Europe - sub. req. Alfa Romeo Sedan alfa romeo giulia giulia