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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.

The Effeffe Berlinetta is a brand new 1960s Italian GT

You're looking at a brand new car, not one that has spent 50 years under a tarp in some barn in the Italian countryside. The vintage-looking Berlinetta, dreamed up by the brothers Frigorio, has been in the works for a number of years now. It was initially unveiled at the Concorso d'Eleganza Villa d'Este two years ago, and the official introduction will be held at the Top Marques show in Monaco next week. As it stands, it offers a fascinating glimpse into the way sports cars used to be built, with virtually nothing to let a casual observer know that it's factory fresh. The drivetrain on the two-seater Berlinetta is classic Italian, using a front-mid-mounted Alfa Romeo Twin Cam four-cylinder, which originally dates back to 1971 in design. Naturally, the two-liter unit is coupled to a five-speed manual gearbox, and the two Weber DCOE carburetors finish off the power figures at 180 horsepower at 6,500 rpm. The car follows classic Alfa Romeo lines, but isn't a direct replica, rather a tribute to Italian GT car building half a century ago – the chassis is a handmade tubular spaceframe and the entire Berlinetta will weigh less than 1,760 lbs. There are disc brakes front and rear, and while the front suspension is independent, the rear relies on a solid live axle complete with a Watt's linkage setup. And – of course – it sits on wire wheels with center knock-off lugs. As for the interior, it will all be custom-made and tailored to the buyer's taste, and each car will be unique. The full Matteograssi leather interior includes a matching luggage set, too, and the driver will be holding a wooden Nardi steering wheel. What kind of price would you expect for something like this? The Frigerio brothers have priced their small-series creation at nearly $320,000. That includes some track time to get to grips with one's new 1960s sportscar, and the chassis settings will be fine-tuned to one's personal preferences. There are plans to widen the portfolio with another model, and we're hoping that will be a drop-top Spider made in the same style. Related Video: Featured Gallery Effeffe Berlinetta View 9 Photos Alfa Romeo Automakers Coupe Special and Limited Editions Classics top marques monaco

Marchionne: FCA, but not Ferrari, interested in Formula E

It seems like automakers have been clamoring to get on board with Formula E lately. In just the last few weeks a number of manufacturers have either become more directly involved, or otherwise announced entry into the series in coming years. That includes Audi, BMW, Mercedes-Benz and Porsche, with the latter two abandoning other series to join the electric one. Now, FCA CEO Sergio Marchionne says his company might join Formula E as well, according to Motorsport. Previously, Marchionne had toyed with the idea of bringing Ferrari into the Formula E field, but now says that would be unlikely. Instead, he thinks an FCA brand would be a better fit, perhaps Alfa Romeo or Maserati. At the moment, Maserati seems like the best fit, as Marchionne just announced that the brand would electrify its entire lineup after 2019, with each car it sells having either a hybrid or electric powertrain. Fans would probably be excited to see Maserati return to racing, and Formula E would be a good test laboratory for the development of electric propulsion technology. Still, another brand could represent FCA in Formula E, and apply the knowledge learned there to its vehicles, as Marchionne says half of the FCA fleet will be electrified by the end of the company's five-year plan ending in 2022. Marchionne said that while Ferrari won't be directly involved, he doesn't know which FCA brand – Alfa Romeo, Dodge, Chrysler, Fiat, or Maserati – would enter. As interesting as an electric Dodge race car would be, it seems unlikely, especially because of, well, Maserati. We're hoping it's Jeep, though. Related Video: News Source: MotorsportImage Credit: ALBERTO PIZZOLI/AFP/Getty Images Green Alfa Romeo Ferrari Maserati Green Culture Electric Racing Vehicles Sergio Marchionne FCA Formula E