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Best in Show From 2016 Geneva Motor Show | Autoblog Minute

Highlights of our favorite vehicles from the 2016 Geneva Motor show. Aston Martin Bugatti Autoblog Minute Videos Original Video 2016 geneva motor show Bugatti Chiron aston martin db11 koenigsegg regera touring superleggera disco volante db11

Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.

Aston Martin to unveil lighter, faster Vantage called GT8

After the Vantage GT12's (pictured above) success last year, Aston Martin will reportedly build a new race-inspired version of the coupe called the GT8. According to Autocar, the British sports car brand sent select customers invitations to an unveiling later this week. The note included a sketch of the car, including a road-scraping front splitter, big rear wing, and large diffuser. The GT8 will boast carbon fiber body panels like the GT12, and according to Autocar the new edition could be the lightest road legal Vantage ever. Inside, look for a race-inspired interior, which makes any trip feel a little more like being on the track. There's no official word on the powerplant yet, but the name likely gives away the secret. Where the GT12 has a 592-horsepower 6.0-liter V12, expect the GT8 to use a hotter version of the brand's V8. Customers would choose between a seven-speed manual or Aston's SSII automatic, Autocar claims. Aston Martin will build just 150 units of the GT8 – 50 more than the GT12. Going forward, the company plans to introduce two limited edition vehicles each year. The GT8 would be the first one for 2016, so there's still another exciting model to expect from the company. Related Video: