1963 Alfa Romeo 106 Series Roadster on 2040-cars

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Fiat Chrysler's Q3 profit boosted by strong North American earnings

MILAN, Italy — Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America. The world's seventh-largest carmaker still makes the lion's share of its profits in North America, so improving, or at least maintaining, its margins there is a key focus. The carmaker reported an 8 percent adjusted operating profit margin in the region, up from 7.6 percent a year ago, despite a drop in sales and shipments. "FCA's profitability in North America remained strong in the quarter despite a weakening market there," a Milan-based analyst said. FCA's profitability compares with an 8.3 percent North America margin reached in the quarter by bigger U.S. rival GM , showing CEO Sergio Marchionne making progress towards his goal of closing the margin gap with GM and the company's other U.S. rival, Ford, by 2018. The company's confirmation of its full-year outlook also pushed shares higher, a trader added. The stock was up 2.8 percent by 1129 GMT, outperforming a 1 percent rise in the European auto index. FCA has been retooling some U.S. factories to boost output of sport-utility vehicles (SUVs) and trucks while ending production of some unprofitable sedans to strengthen profitability as the U.S. car market comes off its peak. The company said a drop in North America shipments due to lower fleet sales and discontinued models was partially offset by higher deliveries of Ram trucks and two models from the Alfa Romeo stable: the Stelvio sport utility vehicle and Giulia sedan. Profitability also improved in Europe, helped by sales of the Stelvio and the new Jeep Compass, and Latin America, while margins at Maserati remained strong at 13.8 percent due to strong demand for its first SUV, the Levante. In a later conference call, investors are looking for hints on the new strategy to 2022 which the company promised to unveil early next year. Chief Executive Sergio Marchionne said earlier this year that FCA would streamline its portfolio and that components businesses, including Magneti Marelli, would be separated from the group, possibly via a spin-off. While FCA confirmed its targets this year, doubts remain about its exposure to a weakening U.S. market, recall costs and potential fines over emissions after it was targeted by European and U.S.

Mazda leads Consumer Reports' latest Brand Report Card Rankings

The latest automaker brand report cards from Consumer Reports are in, and there are quite a few changes for 2021. At the very top of the charts sits Mazda, up three spots over last year, followed by BMW and Subaru to round out the top three. It's interesting to note that mainstream brands (non-luxury in CR-speak) don't seem to be at a disadvantage in CR's rankings, with five of the top 10 spots. In addition to Mazda in first and Subaru in third, Honda, Toyota, Chrysler, and Buick were the other high-ranking non-luxury marques. The ratings are derived from "a combination of predicted reliability, and owner satisfaction based on member surveys, and CR’s hands-on analysis" and also includes safety features and crash test scores.  At the very bottom of the list sit Mitsubishi, Land Rover and Alfa Romeo. "Our brand rankings don't just look at how models perform on our test track, but the broad picture of vehicle quality," said Jake Fisher, Senior Director of Automotive Testing at Consumer Reports. "Fortunately, consumers will find they have many options that are safe, enjoyable, and reasonably priced." The biggest jumps in the brand report card rankings come from Chrysler, Buick and Honda, which each moved up five spots compared to last year's rankings. The news wasn't nearly as good for Lincoln, which fell an alarming 15 spots this year, Genesis, which fell 13 spots, or Kia, which fell 10 spots. Related Video:

It's the Alfa Romeo Milano after all

We wound through as many switchbacks as found on the Brennero Pass when trying to decide ahead of time whether Alfa Romeo would name its coming subcompact SUV the Brennero. A set of GPS coordinates in a post on X turned us around again just a few days ago. The deceptions are finally done, Alfa Romeo declaring the name of its new entry-level offering: Milano. Most Americans will know the name as a cookie, either the original from Pepperidge Farm (derived from a cookie called "Naples") or the horde of imitations that Pepperidge Farm has taken legal action against. Many American enthusiasts will know the Alfa Romeo Milano as a sedan made from 1985 to 1992, called the 75 in other markets as a nod to the brand's 75th anniversary and one of our Future Classics. As with the previous Milano, this one that debuts next April comes with historical associations. The name honors the classic sedan as well as the automaker's hometown of Milan, a city doubly honored on this vehicle by bearing Milanese symbols in its logo: The cross and the Biscione serpent, the coat of arms of the Visconti family. Alfa classifies this as a Sport Urban Vehicle to succeed the Giulietta and Mito; as an entry-level offering beneath the Tonale, if the Brennero adopts dimensions of the sibling Jeep Avenger, the Brennero will be about 16 inches shorter than the Tonale, its roof about three inches lower.  Alfa Romeo saying the Milano "will also be available in a 100% electric version" provides confirmation of both ICE and EV powertrains, mimicking the choices for the Avenger. The ICE option could be the Avenger's mild hybrid, built around a 1.2-liter three-cylinder and making a combined 154 horsepower and 177 pound-feet of torque, or a more powerful setup used by Peugeot. As for the EV, assuming no change from the Avenger, the Milano would get a 54-kWh battery and front axle e-motor making 154 horsepower and 192 pound-feet of torque, and around the same 248 miles on a charge on the WLTP cycle. More speculative speculation supposes there could be a dual-motor all-wheel-drive Brennero evolved from the drivetrain in the Avenger 4x4 Concept, perhaps arriving for the 2025 model year in the Alfa, the Avenger, and the Fiat 600e. Just like we don't get the Avenger, we don't expect the Milano to make it this far north if it crosses the Atlantic. We'll know what other markets can expect when the SUV debuts in April 2024.