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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

All future Maseratis will borrow styling cues from the MC20

Maserati's recently-unveiled MC20 coupe points to the direction stylists will take the rest of the company's range in during the 2020s. Its proportions will remain unique – the company isn't about to make the family-friendly Levante mid-engined – but its front end and its pure, simplified approach to design will permeate other models. "The face of the MC20, with the low-mounted grille and the headlights positioned much higher on the fascia, is our new design language," affirmed Klaus Busse, the head of the company's design department. He added it's a look that draws inspiration from past models, including the limited-edition MC12 built between 2004 and 2005. Lighting technology has evolved considerably since the middle of the 2000s, so designers and engineers are now able to use LEDs to give Maserati's future models a more distinctive-looking face, especially at night. Autoblog understands the second-generation GranTurismo scheduled to make its debut in 2021 will be the first MC20-inspired model. Its styling cues will also influenced the Grecale, a smaller SUV positioned below the Levante and possibly related to the Alfa Romeo Stelvio. Maserati's aim isn't to end up with a range of nesting doll-like models that all look the same, so expect to see variations of the MC20 theme as the line-up develops. Busse also shared insight about how his team shaped the MC20 (pictured). Early on, he insisted the car shouldn't receive oversized air inlets or a park bench-sized wing on the back. His team consequently integrated all of the components that create downforce below the axle line, which runs through the middle of the wheels. It's a pure, simple approach to design that will characterize future models, meaning they'll be sporty in a subtle, elegant way. Related Video:    

Orange 2007 Maserati MC12 Versione Corsa is a 755-hp track tiger, and it's for sale

Maserati will enter a new era when it launches an all-new vehicle called the MC20 in May. As the name tips, the upcoming super sports car will be the spiritual successor to the MC12, one of the greatest Maseratis (and greatest cars) ever produced. So the timing couldn't have matched up any better when the ultimate form of the MC12 popped up for sale. Girardo & Co. is currently offering an orange-over-black MC12 Versione Corsa, one of only 12 ever built, and it is undeniably special. Girardo touts the MC12 Corsa as the most powerful Maserati ever built, not surprising considering the Ferrari Enzo-sourced MC12 was related to a race car. The MC12 was the road-going homologated version of the MC12 GT1, which dominated during its time in international GT racing. The GT1 had an air-restricted 6.0-liter V12 that made 580 bhp, while the MC12 made 630. But the Corsa was different. The Corsa, which is not street-legal and is intended for non-competitive track use only, is based on the GT1, but it didn't have to play by all of the rules and regulations required of a race car. That meant no air intake restrictions. With the shackles off, the Corsa's V12 increased its output to 755 horsepower at 8,000 rpm. Weighing in at 2,535 pounds without liquids, thanks in part to the carbon fiber and Nomex honeycomb sandwich monocoque, the Corsa is capable of a 202.5-mph top speed. Maserati claims zero to 124 mph in 6.4 seconds. Gear work is handled by a six-speed sequential semi-automatic Cambiocorsa gearbox, and stopping power comes from carbon ceramic brakes. Whereas Maserati built 50 examples of the MC12 road car, the Corsa model was significantly more limited. In total, 13 examples were built, and one was a prototype. This specific car, chassis No. ZAMDF44B000029631, is No. 8 of 12, and it has an interior plaque that says, "Commemorates the victory at its maiden long distance race the 24hrs of Spa. A first in racing history." Originally, the cars were offered to top-tier customers through invitation to purchase the vehicle for $1.1 million, by today's conversion rates.  Although the price is not listed, we expect today's purchase number to be significantly higher. In 2017, a different Corsa was listed for $2.75 million. Check out more details and photos on Girardo & Co. Related Video: