2009 Aston Martin Db9 Coupe 6-speed Manual on 2040-cars

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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.

Submit your questions for Autoblog Podcast #379 LIVE!

We're set to record Autoblog Podcast #379 this evening.Check out the topics below, or drop us your questions and comments via our Q&A module. And don't forget to subscribe to the Autoblog Podcast in iTunes if you haven't already done so. To take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #379
Lamborghini Huracán

Aston Martin V12 Vantage S Roadster in the metal in Monterey

Even surrounded by glamorous people and a plethora of extremely exotic vehicles on the lawn of the Quail, the Aston Martin V12 Vantage S Roadster sticks out as something just a little bit more special. Under the Monterey sun all of the carbon fiber on the hood and in the air dam pops out from the shining ruby red paint. The aggressive looks are deserved though, because the latest roadster might be one of the most impressive droptop GTs ever to come out of Aston Martin. Under that louvered bonnet is a tuned version of Aston's long-lived 6.0-liter V12 – it's 44 pounds lighter, too. Plus, this engine is mated to the brand's latest Sportshift III seven-speed sequential gearbox to rocket it to 60 miles per hour in 3.9 seconds and on to a top speed of 201 miles per hour. Features like adaptive dampers, two-stage ABS and carbon-ceramic brakes, make the new V12 Vantage Roadster an even more intriguing and capable package. Of course, this Vantage is a head-turner even without those 12 cylinders ready to make a very sweet noise at the press of the throttle. Check it out from all angles in the gallery.