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China-FCA merger could be a win-win for everyone but politicians

NEW YORK — Fiat Chrysler boss Sergio Marchionne has said the car industry needs to come together, cut costs and stop incinerating capital. So far, his words have mostly fallen on deaf ears among competitors in Europe and North America. But it appears Marchionne has finally found a receptive audience — in China. FCA shares soared Monday after trade publication Automotive News reported the $18 billion Italian-American conglomerate controlled by the Agnelli family rebuffed a takeover from an unidentified carmaker from the Chinese mainland. As ugly as the politics of such a combination may appear at first blush, a transaction could stack up industrially, and perhaps even financially. A Sino-U.S.-European merger would create the first truly global auto group. That could push consolidation to the next level elsewhere. Moreover, China is the world's top market for the SUVs that Jeep effectively invented, so it might benefit FCA financially. A combo would certainly help upgrade the domestic manufacturer; Chinese carmakers have gotten better at making cars, but struggle to build global brands, and they need to develop export markets. Though frivolous overseas shopping excursions by Chinese enterprises are being reined in by Beijing, acquisitions that support the modernization and transformation of strategic industries still receive support, and the government considers the automotive industry to be strategic. A purchase of FCA by Guangzhou Automobile, Great Wall or Dongfeng Motors would probably get the same stamp of approval ChemChina was given for its $43 billion takeover of Syngenta. What's standing in the way? Apart from price (Automotive News said FCA's board deemed the offer insufficient) there's the not-insignificant matter of politics. Even as FCA shares soared, President Donald Trump interrupted his vacation to instruct the U.S. Trade Representative to look into whether to investigate China's trade policies on intellectual property. Seeing storied Detroit brands like Jeep, Chrysler, Ram and Dodge handed off to a Chinese company would provoke howls among Trump's economic-nationalist supporters. It might not play well in Italy, either, to see Alfa Romeo and Maserati answering to Wuhan instead of Turin — though Automotive News said they might be spun off separately. Yet, as Morgan Stanley observes, "cars don't ship across oceans easily," and political considerations increasingly demand local manufacture of valuable products.

2018 Alfa Romeo Stelvio Quadrifoglio is the priciest Alfa you can buy

Alfa Romeo has finally announced pricing for its Stelvio Quadrifoglio high-performance crossover, and it's not cheap. The base price is $81,590, which makes it the most expensive car in the Alfa lineup. The next most expensive is the Giulia Quadrifoglio at $75,295. That's a difference of roughly $6,000. And you can make the Stelvio even more expensive by optioning in Sparco carbon fiber shell racing seats or carbon ceramic brakes. Alfa hasn't revealed pricing for those, but expect the brakes to cost the same $8,000 that they do on the Giulia Quadrifoglio. You do get a lot of car for the money, though. The Stelvio Quadrifoglio gets the same twin-turbocharged, Ferrari-built V6 as its Giulia counterpart, still making 505 horsepower and 443 pound-feet of torque. That will take the car to 60 mph from a standstill in 3.9 seconds and on to a top speed of 177 mph. The Stelvio Quadrifoglio is also the current SUV lap time record holder at the Nurburgring. If the price seems acceptable to you, you'll be able to pick one up early this year. Related Video: Featured Gallery 2018 Alfa Romeo Stelvio: LA 2016 View 11 Photos Image Credit: Drew Phillips Alfa Romeo Crossover SUV Performance alfa romeo stelvio quadrifoglio

2018 Alfa Romeo Stelvio Quadrifoglio Drivers' Notes Review | Everything you expect

The 2018 Alfa Romeo Stelvio Quadrifoglio is a performance crossover that goes head-to-head with models like the Porsche Macan and Mercedes-AMG GLC 63 S. It takes the Giulia's 2.9-liter twin-turbo V6 and stuffs it into a slightly more practical package. Crossovers are all the rage, and Alfa needs the Stelvio to be a hit if the brand has any hope of success in America. Performance models like this don't come cheap, but you get what you pay for. In addition to the performance parts like a torque-vectoring differential, Brembo brakes and 20-inch wheels with Pirelli summer tires, the Stelvio Quadrifoglio comes standard with features like blind-spot monitoring, a Harman Kardon sound system, a heated steering wheel and heated front seats. Options on this car include $2,200 for the Rosso Competizione paint and $1,500 for a drivers assistance package. Update: CarPlay and Android Auto are standard equipment. The listed price on our tester's window sticker was an error. Editor-in-Chief Greg Migliore: I've been skeptical about the Stelvio. Aside from the famous Scudetto grille, what really makes this an Alfa — a good one, anyway? Eyeing them on the road I've been less than impressed. They look like generic crossovers, which is not the vibe Alfa should be giving off. Enter the Quadrifoglio. The 505-hp twin-turbo V6 makes the Stelvio addicting to drive. The 20-inch wheels with Alfa's signature five-hole design under the flared fenders propel this thing to style leadership. Factor in the four-leaf clover badges, and the Stelvio Quadrifoglio looks and feels special. Driving it is a riot. The interior feels legitimately athletic, too. The big, thin steering wheel with the start button and paddle shifters integrated in front of the driver do create a cockpit-like setting. Add in the leather, red stitching and carbon fiber, and it's a cool place to drive. After an energetic commute to the office, my thinking on the Stelvio had changed. Yes, I like the Quadrifoglio, but I can now see this Italian crossover as a compelling alternative in this segment. Wasn't sure how I felt about the @AlfaRomeoUSA Stelvio. But 505 horses convinced me of its merits. Liking this lab hauler in Quadrifoglio spec. @therealautoblog pic.twitter.com/sSUyOS8iY0 — Greg Migliore (@GregMigliore) November 1, 2018 Associate Editor Reese Counts: What a mixed bag. I really wanted to love the Stelvio.