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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.

Alfa Romeo is bringing something deliciously loud to Geneva

Alfa Romeo will risk running afoul of Switzerland's engine noise regulations by bringing something deliciously loud to the 2020 Geneva Motor Show. The preview video it posted on Twitter asks more questions than it answers. The seven-second flick announces that Alfa Romeo, one of Italy's oldest automakers, is about to make "a momentous comeback." It displays the company's logo, notes the location of its booth in the Palexpo convention center, and ends on the sound of what we're pretty sure is a V6 engine exploring the upper echelons of its rev range. There's no mention of which car the six-cylinder is in, let alone whether it's new or updated. sound on See you at #GIMSSWISS. #AlfaRomeo pic.twitter.com/yIUPYEiTkj — Alfa_Romeo (@alfa_romeo) February 22, 2020 This is where facts end and speculation begins. Alfa planned to expand its range with a two-door version of the Giulia that would have resurrected the GTV name and a flagship sports car tentatively called 8C, but both models were allegedly canceled in 2019. The 4C is nearing the end of life cycle, so the odds of seeing a new variant of it are low. Besides, its engine bay is far too small to house a six-cylinder engine like the Giulia's 2.9-liter unit. Before the teaser video emerged, we expected Alfa's next new model would be the production version of the Tonale concept unveiled at the 2019 edition of the Geneva show. The crossover is well on its way to production, and its front end has changed quite a bit in the past 12 months, but we don't think it will reach showrooms with a race car-like exhaust note; electrified technology will likely make it one of the quieter members of the Alfa lineup. This leaves us with two credible possibilities. First, rumors of a more powerful Giulia positioned above the Quadrifoglio model have floated around the internet for years and they plainly refuse to die. It would likely wear the heritage-packed GTA nameplate and arrive as a more track-oriented sedan in the vein of Mercedes-AMG's Black Series cars. If that's the case, expect copious carbon fiber, a stripped-out interior, and a full body kit. Second, Alfa could simply kick off its 110th birthday celebrations in Geneva by showing a concept built to mark the occasion. We'll know for sure when the show opens its doors to the press on March 3. Related Video:     Geneva Motor Show Alfa Romeo Luxury Performance

Fiat brings raft of special-edition hatchbacks to Geneva

The annual Geneva Motor Show presents a prime opportunity for any automaker – European ones especially – to show off new metal. You'd figure that would include the sprawling Fiat Chrysler Automobiles group, but instead, one of Europe's largest automakers will be presenting a series of special-edition hatchbacks for the European market. Yeah, we're as disappointed as you are. First up is the Fiat division itself, which will be showcasing the Vintage '57 edition of the 500 and the Panda K-Way. The former puts an even more retro spin on the already-retro hatchback, with a two-tone pastel blue-and-white exterior, 16-inch white-and-chrome wheels and a tobacco-leather interior. The latter was designed in collaboration with the famous rainwear label, K-Way, and features mix-and-match exterior color combinations, titanium-finish trim and a specially crafted interior. Alfa Romeo will be celebrating the European debut of the 4C Spider we already saw in Detroit. In terms of new debuts, Alfa also has the elegant Collezione edition of the Giuletta and the MiTo Racer edition with gray and brown trim that looks, at first blush at least, much more subtle than the name would convey. Though no longer a major player in the Fiat portfolio, Lancia is showcasing the 30th Anniversary and Elle editions of the Ypsilon – the car that in its own words, "Italian women love more than any other." Jeep is showing the Renegade with new powertrain options, and Abarth has updated its range of 500-based hot hatches, but for something new and exciting, it looks like we'll be passing right by the Fiat section at the Geneva Palexpo this year. Related Video: Featured Gallery Fiat Group special editions for Geneva 2015 News Source: Fiat Geneva Motor Show Alfa Romeo Fiat Lancia Hatchback 2015 Geneva Motor Show alfa romeo mito fiat panda alfa romeo giulietta lancia ypsilon