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Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Lightning strikes behind the grille of Maserati's first hybrid model

Maserati's first production-bound hybrid powertrain will be inaugurated by the Ghibli, its entry-level model. The Italian firm released a short preview video to announce the model's imminent global debut. Posted on its official Facebook page, the 10-second-long video shows the front end of a Ghibli with blue lightning crashing across its grille, a feature that will presumably not be available on the production car. Although it doesn't reveal the hybrid's final design, let alone what's behind the grille, the flick confirms the gasoline-electric Ghibli will not look drastically different than the gasoline-only model. Minor trim differences will set the two sedans apart. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As we've previously reported, we expect the Ghibli will receive a plug-in hybrid drivetrain (rather than mild or standard hybrid technology) capable of powering it on electricity alone for short distances. It will stand proud as the first in a long line of electrified Maserati models, because every car the brand releases in the coming years will incorporate some degree of electrification. Additional hybrid models are in the pipeline, and the replacements for the GranTurismo and GranCabrio due out in 2021 and 2022, respectively, will be Maserati's first electric cars. Maserati will introduce the hybrid Ghibli online on July 16 at 1 p.m. in Modena, Italy, which is 7 a.m. in New York City and 4 a.m. in Los Angeles. Additional information (including details about American availability) will be published right after the car breaks cover, and deliveries are tentatively scheduled to start before the end of 2020. What's next? The on-going COVID-19 pandemic side-tracked Maserati's plans, but 2020 remains on track to become one of the most significant years in the company's 106-year long history. It's putting the final touches on a mid-engined coupe tentatively called MC20 that will receive a new, 630-horsepower V6 engine developed in-house. The two-seater's unveiling is now scheduled for September 2020, and it will hit the track shortly after its introduction.

2015 Maserati GranTurismo to show new styling language for brand

Despite the fact that Maserati has yet to officially mention the next generation of its grand touring lineup, it seems like we know plenty of details about the upcoming range of Maserati coupes and convertibles. First we heard that the GranTurismo line would be growing to include three models, then we heard that new, smaller two-seater (possibly named Gran Sport) could be here by 2016 and, most recently, reports indicated that the GranTurismo's successor will feature more compact dimensions to better take on the Porsche 911.
Now Edmunds is reporting that the 2015 GranTurismo will mark a major evolution in the design language for the Italian automaker, while the Levante SUV will get the current styling cues found on the 2014 Quattroporte and 2014 Ghibli. The article also says that Maserati is planning to offer its models with a wider range of available colors and that it will introduce new limited-edition models as well all in hopes of selling 50,000 units globally by 2015.