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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Alfa Romeo shows off Giulia, new logo in latest video

Alfa Romeo made big waves when it introduced the 510-horsepower Giulia last week. While we reveled in the handsome, chiseled looks, stout powertrain, spine-tingling singing voice, and uniquely Italian character, the red four-door distracted us from the company's other big announcement – its new logo. In a video aptly titled "Alfa Romeo is back," we see the sexy supersedan spear across the landscape, taillights blazing a trail and V6 exhaust teasing our ears. Before long, the car disappears, and we get a detailed look at Alfa's new, more modern logo. It's short and sweet, but is also a nice follow up to last week's debut video. For those who need a refresher on the Giulia itself, the top-of-the-line Quadrifoglio Verde model is powered by a twin-turbocharged V6 that's been built with help from the engine team at Ferrari. On top of that, there's an active front splitter, a perfect 50-50 weight distribution, and a torque-vectoring rear differential. So yes, Alfa's newest sedan sounds like an extremely tidy package. You can read up on everything we learned during the Giulia's debut in our complete coverage from last week. We've got the initial story on the car, dedicated notes from the reveal, and a few bits and bobs from the Alfa Romeo museum. Check out the video up top, and then click over and check out our other Alfa coverage. Related Video:

Updated Alfa Romeo Tonale possibly caught camo-free during design clinic

Amateur spy shots taken during what looks like a design clinic held behind closed doors have shed light on how Alfa Romeo's Tonale concept is evolving on its way to production. They suggest the design study presented during the 2019 Geneva auto show wasn't as close to done as many thought. The photos were posted on an Italian enthusiast forum and quickly taken down, but they were saved and published by an Instagram user named CocheSpias. Alfa Romeo did not distribute them on its official channels, so we can't be 100 percent certain about their authenticity. Assuming they're the real deal, they reveal the Tonale has mellowed out considerably since it first showed its nose in Geneva. The headlights are bigger in nearly every direction, they're less bionic-looking, and they're separated from the grille by smaller, recessed air vents. It's a look that's very loosely reminiscent of some of the company's classic models, like the Giulia Sprint GT. Stylists also re-shaped the hood.           View this post on Instagram                   Aqui os dejamos unas fotos de una de las maquetas pre-produccion del futuro SUV de Alfa Romeo. El Tonale. #alfaromeo #alfaromeotonale #alfaromeosuv #alfasuv #prototype #carspy #carscoop #carshot #fotoespia #instacar #spyshot #newcar #carporn #carpassion #instapic #carpic A post shared by CocheSpias (@cochespias) on Oct 8, 2019 at 1:04am PDT The profile and the overall proportions don't appear to drastically change. The rear door handles remain integrated into the C-pillar to give the Tonale a two-door look, a styling cue also seen on the Giulietta sold in Europe. The rear lights are bigger, though they're still connected by a light bar. The emblem on the hatch confirms Alfa Romeo hasn't changed its mind about the crossover's name. The user who posted the photos from the design clinic explained he wasn't given permission to upload images of the interior. He reported the Tonale's steering wheel looks a lot like the Giulia's, and the dashboard receives the same blend of round and rectangular air vents. The infotainment system's touchscreen is propped up on the dashboard rather than neatly integrated into the center stack, a layout which makes it easier to change during a mid-cycle update, or as tech advances. Mechanical specifications remain under wraps. Alfa didn't have much to say about the concept, either, but we know it used a gasoline-electric plug-in hybrid drivetrain.