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Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Alfa Romeo 4C Spider is dead after 2020, but look at this 33 Stradale Tributo

The Alfa Romeo 4C Spider is finally making its exit. Alfa quit selling the coupe in America starting with the 2019 model year, and now the roofless version will wrap up with the 2020 model year. There will be no 2021 4C Spider in the U.S. Alfa is not killing the 4C without a bang, though. In conjunction with the announcement of the car’s U.S. departure, Alfa has announced a 4C Spider 33 Stradale Tributo special edition model. ItÂ’s meant to honor the 1967 Alfa Romeo 33 Stradale, which is the iconic roadgoing version of the Tipo 33 race car. ItÂ’s gorgeous and works as a fitting send off to the mid-engine sports car that kickstarted AlfaÂ’s return to North America. There are a number of things changed or added with the 33 Stradale Tributo, but the single biggest difference is the red transparent finish to the carbon monocoque chassis (pictured above). The normally black exposed carbon fiber is now a glowing and translucent red, and itÂ’s rather striking. Additionally, Alfa paints it in an exclusive shade of red: Rosso Villa dÂ’Este tri-coat. It gets gray-gold wheels, a two-tone black and “tobacco” (brown) interior and special badging on the dash, side sills and center console. Everybody who buys one will also get a special, numbered book that goes over the 4C in detail. All 33 Stradale Tributo models will be fully loaded with options, too. Most importantly, it gets the Akropovic exhaust and race-tuned suspension. Alfa says a standard 4C with every option would be “thousands more,” so hey, youÂ’re getting a deal. The 33 Stradale Tributo will start at $81,590, and only 33 will be built. Considering that Alfa has only sold 92 4C Spiders throughout all of FCAÂ’s 2020 reported sales so far, they might be easier to get than you think. If you want one, Alfa says you should email (yeah, weird) them at: sales@alfaromeo.com. Related Video:

Alfa Romeo's Giulia Quadrifoglio gets the GTA treatment

Alfa Romeo will celebrate 110 years of building some of the world's most emotional driving machines with a brand-new Giulia Quadrifoglio GTA. GTA, which stands for "Gran Turismo Alleggerita," is a throwback to the 1965 Giulia Sprint GT, which first got the treatment. The new GTA and GTAm will elevate the Giulia's already driver-friendly formula to a whole new level.  If the plain-Jane Giulia Quadrifoglio is a BMW M3 or Mercedes-AMG C63 competitor, the GTA is your Competition or "S" variant, respectively. It boasts more power, less weight, enhanced aero, a revised suspension, and a reworked chassis and interior designed to keep the driver in place and focused on one task and one task alone: driving fast.  The wick on the GTA's 2.9-liter twin-turbocharged V6 has been turned up a bit, resulting in a new peak rating of 540 horsepower (up 30 from the base car). To reduce weight, Alfa replaced a host of exterior panels with carbon fiber equivalents. The carbon treatment extends to some other components, such as a the drive shaft. Alfa says the net reduction works out to 220 pounds.  Outside, the aero has been completely revised with technical know-how provided by Sauber Engineering (of F1 renown). It also boasts 20-inch center-locking wheels and a titanium exhaust system. Alfa replaced many of the suspension bushings, the shocks and the springs with performance-friendly hardware. The GTAm pushes the formula even farther. We hesitate to compare a sport sedan to a GT Coupe, but the relationship between GTA and GTAm is quite similar to that between the Porsche 911 GT3 and GT3 RS. Both are fundamentally the same car, but the latter compromises a great deal more of its daily drivability for the sake of improving its on-track feel and performance.  With the GTAm, this included a set of carbon-backed front bucket seats with six-point harnesses, Lexan window inserts for the side and rear windows, and a rear seat delete. In place of the rear bench, you get a harness bar attached to a structural roll hoop, plus a handy little cubby for storing your custom Bell helmet in Alfa's GTA livery (which comes with the car, as well as an Alpinestars race suit, gloves and shoes, and a personalized Goodwool car cover). Checking in at just 3,350 pounds, the GTAm boasts a power-to-weight ratio of 6.2 pounds per horsepower, which Alfa says is the best in the class, enabling a 0-60 run in just 3.6 seconds.