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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.

Aston Martin Vulcan meets Avro Vulcan [w/video]

The Vulcan represents the very best that Aston Martin can do: a monstrous track car boiled down to its essence. But it's not the only Vulcan ever to roar out of the UK. Aviation enthusiasts will fondly recall the Avro Vulcan, an iconic jet bomber from the 1950s. There's only one such aircraft still capable of soaring through the skies, and now it's been brought together with its earthbound namesake. The Aston Martin Vulcan we already know, though not as well as we might like to. It's a track-bound supercar along the lines of the Ferrari FXX K or McLaren P1 GTR. But instead of a hybrid powertrain mounted amidships, it's got a naturally aspirated 7.0-liter V12 up front and kicking out over 800 horsepower. Unfortunately only 24 of them will be made, so even if you venture down to your local circuit for a track day, you're still not very likely to see one up close. Even rarer, though, is the Avro Vulcan. Part of the Royal Air Force armory from 1956 to 1984, the Vulcan was a giant delta-wing bomber that measured around 100 feet long (depending on the version) with a wingspan just as wide. Of the 136 that were made, only one – Vulcan XH558 – remains in operation, courtesy not of any national military but of the Vulcan To The Sky charitable trust. But it's about to be put to pasture as the centerpiece of the Vulcan Aviation Academy & Heritage Centre at Robin Hood Airport (seriously) near Doncaster in South Yorkshire, England. Before Vulcan XH558 is retired, though, it's set to make one final flight. And in preparation for that historic event, it made a pass by Elvington Airfield for a brief – if distant – encounter with its namesake. The feat was pulled off purely for the photo op, so whether you're more into the car or the plane, you might as well check out the results in the gallery above and the brief video clip below. ASTON MARTIN VULCAN IN TRIBUTE TO ITS V BOMBER NAMESAKE 02 October 2015, Gaydon: As the last remaining airworthy Avro Vulcan prepares for its final flight later this month, the iconic 1950s British V bomber has been united with its modern namesake: the Aston Martin Vulcan. Vulcan XH558 – currently being operated by the charitable trust Vulcan To The Sky – is due to retire from 'active service' in October, going on to form the centrepiece of the educational Vulcan Aviation Academy & Heritage Centre at her home base, Robin Hood Airport near Doncaster.

Weekly Recap: New bosses try to jump-start Cadillac and Lincoln

Both of America's domestic luxury brands seem to be stuck in neutral.
It's ironic that Cadillac and Lincoln got new bosses within days of each other this month. It's also a commentary on the fact both of America's domestic luxury brands seem to be stuck in neutral.