1989 Alfa Romeo Spider on 2040-cars

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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.

Mussolini-owned 1930 Alfa Romeo race car getting full restoration

One of Alfa Romeo's most controversial race cars is getting treated to a full, concours-level restoration. Modified, worn-out, and incomplete, this 1930 6C 1750 was purchased new and raced by Italian dictator Benito Mussolini. Wearing chassis number 6C312898, the 6C 1750 was delivered new to Mussolini on January 13, 1930, and there are several images (one pictured) showing him behind the wheel. He paid 60,000 Lire for it. He entered it in several races across Italy during the early 1930s but didn't keep it long -- his well-known love of Fascism and international invasions seemingly muted the gearhead in him. It then went through several owners before ending up in the hands of a man named Renato Tigillo in 1937. He took the 6C with him when he moved to Eritrea, a country that joined Italian Somaliland and Ethiopia in the Italian East Africa administrative territory in 1936. The 6C was far less significant in the 1930s than in the 2020s, so the different pilots who owned it didn't think twice about stripping it to shed weight. Dozens of parts were removed and likely thrown away to prepare it for a strenuous new career racing under the scorching African sun. Dents, flaking paint, and a little bit of rust suggest life was tough. Precisely when it retired from racing, and what happened to it during the subsequent decades, remains unknown. There's no word on who owns it, either. All we know is that it's about to get completely torn down and painstakingly rebuilt by one of the best names in the business. United Kingdom-based restoration shop Thornley Kelham will return the 6C 1750 to the configuration it was in when Mussolini raced it during the early 1930s. That's a Herculean task considering the list of parts missing from the car is long. The original headlights, fenders, and wire wheels are no longer on it. Simon Thornley, the garage's co-founder, admitted the 6C 1750 is likely the most challenging restoration he's ever taken on, especially considering period images of the Stabilimenti Farina-built body are few and far between. It's worth it, though. "Automotive history like this has to be preserved," he said in a statement. Mussolini wasn't the only dictator that loved cars. Adolf Hitler was an enthusiast, too, and several of his cars -- including a 1939 Mercedes-Benz 770k -- have been sold at auction in recent years. Related Video:    

2020 Virtual Geneva Motor Show Editors' Picks

There may not have been an actual Geneva Motor Show this year, but there were still loads of car reveals that happened the week that the show would have happened. So we still wanted to highlight what our favorites of the would-be show. Our list of cars seemed to match the theme of the reveals, too, highlighting over-the-top supercars and forward thinking electric vehicles. Scroll down to see our favorites. Fifth Place: Aston Martin V12 Speedster - 21 points Managing Editor, Greg Rasa: Astons are works of art, and this one's ready for the Louvre. The design nods to Aston history are nifty. It looks like a jet fighter, except those have canopies. Not sure what 186 mph would be like in this, but don't try it in summer when there are bugs. Contributing Editor, Joe Lorio: Admittedly, this one is a little silly. A $950,000 sports car with no roof? A 700-hp two-seater with no windshield? But the offerings at the Geneva auto show have always tilted toward absurdity, and Aston’s V12 Speedster is endearingly outrageous as a fighter plane for the street. Third Place (Tie): Volkswagen ID.4 - 26 points Senior Producer, Chris McGraw: I don't have much to say about this other than I am a huge fan of more EVs coming to the market, which is why two-thirds of my picks are electric, including the ID.4. Producer, Alex Malberg: Any new fully-electric crossover is a vote for me. The fact it doesn't look terrible and VW will be including AWD later are bonuses.  Third Place (Tie): Alfa Romeo Giulia Quadrifoglio GTA - 26 points Road Test Editor, Zac Palmer: Hard to argue with the logic of this one. The Giulia Quadrifoglio is already the best driver in this class of hot sedans, so why not extend the lead with a special model. That wing is Type R levels of high, and I completely approve. Associate Editor, Byron Hurd: Love this car. Love it, love it, love it. It's beautiful, aggressive and fast. I'd take it over an M3 or C63 any day. As cool as the GTAm is, though, I'd rather stick to the four-seat GTA. Something about a four-door car with two seats just doesn't really work for me. I haven't alienated ALL of my friends quite yet. Second Place: Hyundai Prophecy - 35 points Senior Editor, Green, John Snyder: I get whiffs of the Genesis Coupe from this sleek concept. I like the focus on form, with interesting details to discover if you look for them. West Coast Editor, James Riswick: Does it look like a Porsche? Sure, but Porsches look neat.