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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.

2018 Aston Martin DB11 V8 First Drive | Longing for 4 more cylinders

Undeterred by implications of penance or irony, the Germans have emerged as stewards of the high-end British automotive industry. At the end of the 20th century, venerable brands such as Rolls-Royce and Bentley were producing stately, outmoded and haphazardly assembled vehicles in quantities more befitting a Paraguayan shipyard than a car company. Since their acquisition by BMW and Volkswagen, respectively, those storied marques have seen investment and product diversification that have transformed their offerings, their sales figures and their bottom lines. You may long for the anachronistic glory of a Silver Spur, but the new Phantom VIII makes it look like the condemned manor home of your black-sheep relations who subsist on cat food and family castoffs. Aston Martin is the latest manufacturer to reap the benefits of Teutonic largesse. Though Aston remains independent, with its major investor being an Italian private equity firm, Daimler, the parent company of Mercedes-Benz, also owns about a 5 percent stake. While we witnessed the first tasty fruit of this union when the DB11 launched last year, it was mainly deep in the underpinnings, the Benzes having granted Aston the right to implement their electronic architecture. This resulted in surprisingly (for Aston) functional and legible dash, ventilation, safety and infotainment controls. Now, with the release of the DB11 V8, we are meeting the true Aston/Benz offspring. And we like this kid, though he may not win the title of favorite nephew. The heart of this baby is Mercedes-AMG's 4.0-liter, twin-turbocharged V8, which, in this application, produces 503 hp and 513 lb-ft of torque. This is fiesty enough to rocket this DB to 62 mph in 4.0 seconds, barely discernible from the 3.9 seconds in which it's dispatched by the 600-hp V12. Continuing with the markdowns, the V8 deducts a $17,500 premium from the V12's list for a sub-$200,000 starting price. It also trims about 250 pounds from the DB's overall mass, which brings its fighting weight into the sub-two-ton category. Also changed are a few cosmetic features.

David Brown Automotive Speedback GT launches in US

Just over a year ago, the Sportback GT debuted from coachbuilder David Brown Automotive to combine the classic lines of the Aston Martin DB5 with modern underpinnings. Now, the luxurious British coupe is making its way across the pond for a US debut later this summer. With a price of $753,000, you're not going to see these coachbuilt creations on every corner. To make sure that the GT catches the eye of the right clientele, the company is premiering it during the swanky event at The Quail during the 2015 Monterey Car Week in August. Despite the retro look on the outside from former Land Rover designer Alan Mobberley, much of the mechanical underpinnings for the Speedback GT are sourced from the Jaguar XKR. Propulsion is provided by a 5.0-liter V8 making 510 horsepower and 461 pound-feet of torque and linked to a six-speed automatic. Inside, passengers find quite posh surroundings with leather upholstery with wood trim. DAVID BROWN AUTOMOTIVE LAUNCHES STUNNING SPEEDBACK GT TO EAGERLY ANTICIPATED AMERICAN MARKET 13/05/15 Following huge success in Europe, Speedback GT launches in the USA for GBP495,000 (currently $753,000) Speedback will showcase the best of British craftsmanship to American audience at the exclusive Quail Motorsports Gathering rally and concours event Announcement of North American launch rounds off Speedback's recent 1st anniversary celebrations since its European unveiling Coventry, England (May 2015): Launched in March 2014, Speedback GT from David Brown Automotive heralded a new era for GT models, showcasing a classically styled car with modern mechanicals, reliability and comforts. Designed, engineered and hand-crafted in Britain, Speedback GT is now launching officially in the United States, after triumphing in Europe both via media reaction and sales. Displaying at The Quail, the famed motorsports gathering located at Quail Lodge in California, the event will be the perfect place to demonstrate Speedback GT's merits to the American media and public for the first time. Initially showcasing at the Quail Rally Welcome Reception on 10th August, it will participate in the Rally on 11th and 12th August before the main Quail event on 14th August where it will feature on a stand. Company founder and CEO David Brown said: "It's been a fantastic year for Speedback GT since its launch.