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Sergio rethinks FCA-GM merger idea, dismisses critics

After many public overtures, Fiat Chrysler Automotive CEO Sergio Marchionne has claimed his company won't be making a hostile takeover bid for General Motors. This is despite widespread speculation that FCA's desire to merge was motivated by its allegedly dire situation. As one unnamed GM exec who spoke to Automotive News earlier this year put it, "Why should [GM] bail out FCA?" "We are not choking. We are in relatively decent shape," Marchionne told journalists attending an FCA shareholder meeting in Amsterdam, AN reports. "We have been publicly rebuffed, we have been rejected and you cannot force these things. I don't want to. At the moment, we have no intention to do anything hostile." Instead of focusing on merging with GM, or any other partners for that matter, FCA will refocus on implementing its ambitious five-year investment plan, which would see it dump $52 billion into its various brands, with a particular focus on Alfa Romeo, Maserati, and Jeep. So far the attempt has largely been unsuccessful, especially as it relates to the Italian brands. Earlier this week, additional reports emerged that claimed Alfa was pushing back the Giulia and an unnamed CUV while reassigning resources to updated versions of the Giulietta and MiTo hatchbacks. This is not the first time we've heard about trouble for the Giulia, of course. For Masearti, though, it was the first we'd heard of delays for Alfieri sports car, which allegedly won't appear in 2016, as promised. We can expect a proper breakdown of FCA's adjusted plans when Marchionne and Company reveal an updated product slate next month. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience. News Source: Automotive News - sub. req.Image Credit: Paul Sancya / AP Alfa Romeo Chrysler Fiat GM Jeep Maserati Sergio Marchionne FCA

Maserati Grecale and Alfa Romeo Tonale delayed

MILAN — Maserati on Monday delayed the launch of its new Grecale SUV until the spring of 2022 from November this year due to a global chip shortage. The announcement by the luxury brand, part of Stellantis, comes as a shortage of semiconductors forces automakers around the world to slow or suspend production. Maserati said its decision stemmed from ongoing disruptions in the supply of parts. "In particular, due to a scarcity of semiconductors, production volumes would not adequately meet expected global demand," Maserati said in a statement. A global premiere for the Grecale, which will be produced in Cassino in central Italy, was initially scheduled for Nov. 16. Stellantis this month also confirmed it would present the Tonale, the new Alfa Romeo SUV, next March after it had been expected at the end of this year. Stellantis, formed this year though the merger of Fiat Chrysler and France's PSA, has halted production at several plants, including in Europe and Canada, due to the chip shortage. It has forecast it will produce 1.4 million fewer vehicles this year. The FIM-CISL union has said the impact of a semiconductor shortage on Stellantis' Italian production this year will be worse and longer-lasting than the damage to output caused by the COVID-19 pandemic in 2020. Related video:

Touring Superleggera planning a tribute to one of Alfa Romeo's most beautiful cars

Italian coachbuilder Touring Superleggera will help Alfa Romeo celebrate its 110th birthday by putting a modern spin on one of its most graceful sports cars. Called Berlinetta Aero, the coupe will break cover in July 2020. The preview image released by Touring Superleggera does a formidable job of hiding the model's overall lines. It shows what's essentially a sculpture that's half shrouded in darkness. However, it's revealing enough to tell stylists traced a parallel between the Berlinetta Aero and the one-off Alfa Romeo 8C 2900 B Speciale Tipo Le Mans (pictured below) built by Touring to compete in the 1938 edition of the 24 Hours of Le Mans. It wore an extra-long hood and a short rear end, defining styling cues that seem to appear on the modern recreation. Alfa Romeo 8C 2900 B Speciale Tipo Le Mans View 3 Photos As its name indicates, the 8C 2900 was powered by a 2.9-liter straight-eight that sent 220 horsepower to the rear wheels via a four-speed manual transmission. Touring doesn't have a straight-eight to play with in 2020, so it will allegedly power the Berlinetta Touring with the Giulia GTA's twin-turbocharged 2.9-liter V6. It develops 540 horsepower when it's bolted in the Alfa's engine bay, though a power hike isn't inconceivable. Touring Superleggera planned to introduce the Berlinetta Aero at the Goodwood Festival of Speed, but the 2020 event was postponed due to the coronavirus pandemic. Its unveiling will consequently take place online, according to Italian website Motori. Additional details (like the unveiling date) will be published in the coming weeks. Touring hasn't said anything about pricing or production figures yet, but it's safe to assume the Berlinetta Aero will be expensive and rare. For context, it capped production of the gorgeous, 8C-based Disco Volante it unveiled in 2012 at eight examples, and it built five units of the Ferrari F12-based Berlinetta Lusso shown in 2015.