1960 Alfa Romeo Giulietta Spider Veloce on 2040-cars

Auto blog

Fiat Chrysler's Q3 profit boosted by strong North American earnings

MILAN, Italy — Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America. The world's seventh-largest carmaker still makes the lion's share of its profits in North America, so improving, or at least maintaining, its margins there is a key focus. The carmaker reported an 8 percent adjusted operating profit margin in the region, up from 7.6 percent a year ago, despite a drop in sales and shipments. "FCA's profitability in North America remained strong in the quarter despite a weakening market there," a Milan-based analyst said. FCA's profitability compares with an 8.3 percent North America margin reached in the quarter by bigger U.S. rival GM , showing CEO Sergio Marchionne making progress towards his goal of closing the margin gap with GM and the company's other U.S. rival, Ford, by 2018. The company's confirmation of its full-year outlook also pushed shares higher, a trader added. The stock was up 2.8 percent by 1129 GMT, outperforming a 1 percent rise in the European auto index. FCA has been retooling some U.S. factories to boost output of sport-utility vehicles (SUVs) and trucks while ending production of some unprofitable sedans to strengthen profitability as the U.S. car market comes off its peak. The company said a drop in North America shipments due to lower fleet sales and discontinued models was partially offset by higher deliveries of Ram trucks and two models from the Alfa Romeo stable: the Stelvio sport utility vehicle and Giulia sedan. Profitability also improved in Europe, helped by sales of the Stelvio and the new Jeep Compass, and Latin America, while margins at Maserati remained strong at 13.8 percent due to strong demand for its first SUV, the Levante. In a later conference call, investors are looking for hints on the new strategy to 2022 which the company promised to unveil early next year. Chief Executive Sergio Marchionne said earlier this year that FCA would streamline its portfolio and that components businesses, including Magneti Marelli, would be separated from the group, possibly via a spin-off. While FCA confirmed its targets this year, doubts remain about its exposure to a weakening U.S. market, recall costs and potential fines over emissions after it was targeted by European and U.S.

Touring Superleggera planning a tribute to one of Alfa Romeo's most beautiful cars

Italian coachbuilder Touring Superleggera will help Alfa Romeo celebrate its 110th birthday by putting a modern spin on one of its most graceful sports cars. Called Berlinetta Aero, the coupe will break cover in July 2020. The preview image released by Touring Superleggera does a formidable job of hiding the model's overall lines. It shows what's essentially a sculpture that's half shrouded in darkness. However, it's revealing enough to tell stylists traced a parallel between the Berlinetta Aero and the one-off Alfa Romeo 8C 2900 B Speciale Tipo Le Mans (pictured below) built by Touring to compete in the 1938 edition of the 24 Hours of Le Mans. It wore an extra-long hood and a short rear end, defining styling cues that seem to appear on the modern recreation. Alfa Romeo 8C 2900 B Speciale Tipo Le Mans View 3 Photos As its name indicates, the 8C 2900 was powered by a 2.9-liter straight-eight that sent 220 horsepower to the rear wheels via a four-speed manual transmission. Touring doesn't have a straight-eight to play with in 2020, so it will allegedly power the Berlinetta Touring with the Giulia GTA's twin-turbocharged 2.9-liter V6. It develops 540 horsepower when it's bolted in the Alfa's engine bay, though a power hike isn't inconceivable. Touring Superleggera planned to introduce the Berlinetta Aero at the Goodwood Festival of Speed, but the 2020 event was postponed due to the coronavirus pandemic. Its unveiling will consequently take place online, according to Italian website Motori. Additional details (like the unveiling date) will be published in the coming weeks. Touring hasn't said anything about pricing or production figures yet, but it's safe to assume the Berlinetta Aero will be expensive and rare. For context, it capped production of the gorgeous, 8C-based Disco Volante it unveiled in 2012 at eight examples, and it built five units of the Ferrari F12-based Berlinetta Lusso shown in 2015.

Alfa Romeo Giulia gets top safety award from IIHS

The Insurance Institute for Highway Safety has awarded a Top Safety Pick+ rating, its highest award, to the 2017 Alfa Romeo Giulia midsize luxury sedan — but with a caveat. The Giulia must have been built after May of this year, when the car's front-end structure was improved and the door hinge pillar and door sill were reinforced, among other changes. Vehicles that earn the IIHS's Top Safety Pick+ must achieve good ratings in all five crash tests — small overlap front, moderate overlap front, side, roof strength and head restraints — an advanced or superior rating in front crash prevention and and acceptable or good rating for headlights. The Giulia's optional front crash prevention system earned a superior rating after it avoided a crash in the 12 mph track test and reduced its impact speed by an average 24 mph in the 25 mph test. The car's optional curve-adaptive headlights earned a good rating, while the base headlights rated poor. It joins 2017 versions of the Lexus ES 350, Audi A3 and A4, Volvo S60 and V60, and BMW 2 series and 3 series, as Top Safety Pick+ awardees for its segment. You can read our First Drive review of the Giulia here. Featured Gallery 2017 Alfa Romeo Giulia Ti Lusso View 26 Photos Alfa Romeo Luxury Sedan crash test alfa romeo giulia