Beautiful 1985 Alfa Spider on 2040-cars

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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.

Scrapyard Gem: 2008 Alfa Romeo Spider 2.2 JTS

Alfa Romeo departed our shores after the final 164s and Spider Veloces were sold here as 1995 models, then returned for the 2015 model year with the 4C. Thanks to its position in the mighty Stellantis Empire, the current American-market Alfa Romeo lineup looks quite a bit like the Italian-market one, but we missed out on some interesting machinery during our Alfa-deprived 1996-2014 period. One of those cars was the 2006-2010 Spider, and I found a discarded example in an Italian/French specialty breaker's yard near Leeds, England during a recent trip. Sherburn Motor Spares is located in Sherburn-in-Elmet, on the former site of the factory where Fairey Swordfish torpedo bombers were built during World War II. They specialize in Italian and French cars, which means the place overflows with vehicles we didn't get on our side of the Atlantic. I've written about a 1999 Alfa Romeo 166 and a 2009 Alfa Romeo Brera S that reside there, and now it's the turn of the Brera's convertible sibling. I couldn't resist buying this stunning "International Van of the Year 2008" emblem from a Citroen Dispatch at Sherburn Motor Spares; it now lives on the door of the breaker box in my garage. GBP3 well spent! "Spider" is a term originally applied to an arachnid-ish horse-drawn carriage and is applicable to any convertible-top automobile today, but Alfa Romeo didn't hesitate to use it as a model name in its own right when it came time to built a sporty convertible on a platform originally devised by Saab for use beneath GM and Fiat machinery. As it turned out, the only production cars using that platform ended up being Alfa Romeos. Giorgetto Giugiaro handled the design of the Brera coupe, while Pininfarina did both the styling and assembly of the Spider. As you'd expect, reviewers thought both cars looked great. Just over 12,000 2006-2010 Spiders were built. The U.K.-market Spider was available with front- or all-wheel-drive and a choice of three petrol and two diesel engines (yes, a diesel Alfa Spider!). This car has the base 2.2-liter JTS straight-four petrol engine, which was a direct-injected unit based on GM's Ecotec engine block. Output was 182 horsepower and 170 pound-feet. This one had donated some body parts by the time I arrived on a freezing Yorkshire morning, but it appears to have been in reasonably good condition upon arrival.

CEO says Volkswagen's buying spree is over

After adding Italian motorcycle icon Ducati to its stable and spending $5.6 billion on the rest of Porsche, Volkswagen CEO Martin Winterkorn says he's done shopping for a while.
"We have enough to do at the moment in taking our twelve brands to where we want to be," Winterkorn tells German newspaper Handelsblatt.