'86 Red, Tan Interior, (newer) Black Cloth Top/rear Window. Ac/pw/pioneer St. on 2040-cars

Auto blog

Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Marchionne offers belated apology for 'wop engine' comment

Automotive News reports Fiat-Chrysler CEO Sergio Marchionne has issued a written apology for his comments regarding his decision to stick with an Italian engine for the upcoming Alfa Romeo 4C. As you may recall, back in January, Marchionne was quoted as saying, "I cannot come up with a schlock product, I just won't. I won't put an American engine into that car. With all due respect to my American friends, it has to be a wop engine." The CEO penned an apology to the Italian American ONE VOICE Coalition for using the racial epithet, saying that he made the comment in jest. Marchionne also said he realizes his remarks were unacceptable.
ONE VOICE, an organization aimed at fighting discrimination and stereotyping of Italian Americans, thanked Marchionne, Chrysler and Fiat for the apology. Marchionne is an Italian-born Canadian citizen, and he's gotten in trouble for other comments in the past. In 2011, he called high interest rates Chrysler was paying to the Canadian government "shyster rates." He apologized a day later.

Next-gen Mazda MX-5 Miata mule spied 'Ring testing

Fans of simple, lightweight motoring, rejoice - we now have images of the next-generation Mazda MX-5 Miata undergoing testing at der Nürburgring Nordschleife. Now, to be fair, this isn't some lightly camouflaged example that will give us a great peak of what the next Miata, which will also become the next Alfa Romeo Spider, will look like. This is a mule, with the new bits hidden under a current Miata's body. That doesn't mean there aren't a few scraps of valuable information here, though.
According to our flock of camera-toting spies at the Nürburgring, the next Miata is likely to grow a bit, as new models are wont to do. In particular, it will be longer and wider, and the wheelbase is likely going to be stretched, based on the shape of the wheel wells and doors. Both of those factors will add more space in the cabin.
Those are the big indications provided by these photos, but while the MX-5 might be growing, it's a safe bet based on these images that it, and the (likely pricier) Alfa, will retain the classic, long-hood, short-deck styling that so typifies rear-drive roadsters.