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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.

Alfa Romeo Tonale Edizione Bambini concept is a stylish way to parent

Your grandparents' boots were made for walking, and they're still cool. Your parents' minvans were made for, well, you, and now that you're the car buyer, you've made it clear minivans are uncool. Crossovers and SUVs run family bus routes now, and they're simply not as handy for hauling the kiddie army as the playroom-on-wheels that is a minivan. Alfa Romeo has an idea about how to change that. The automaker's UK arm interviewed 2,000 parents to get insights about parent- and kid-friendly features. The results come together in a one-off called the Alfa Romeo Tonale Edizione Bambini — the Kid's Edition, as it were. The biggest gripe parents had was how hard it is to keep their vehicles clean. A spiffy leather organizer that Alfa Romeo should sell for every Tonale, not just the babyfied ones, hangs over both front seats. It's got shaped slots for a drink bottle, a bento box for snacks, and pens. It also protects the seat backs from the repeated kicks that children are known to apply during journeys. A small trash container sits on the floor behind the center console. And because parents today use a thing called a "reward chart," kids can keep track of their progress keeping the vehicle clean so mum and dad aren't embarrassed to take the boss for a ride. There are more cleaning supplies in the boots, these for the elders. They include a battery-powered vacuum charged by the Tonale, and a collapsible caddy with products like a boot cleaning brush, leather cleaner, tissues, and wet wipes.      Move vital parenting duties are aided by the retractable changing station in the cargo area and the baby monitor in the back seat. A survey by diaper brand Huggies found 86% of parents needed to change their child's diapers "on the move." The custom changing station can slide out from under the parcel shelf after the hatch is raised, and is upholstered in an easy to clean changing mat. The video monitor for kids in the back seat can be placed to watch over rearward- or forward-facing baby seats, the feed available in a smartphone app that guardians in the front row can check. The obligatory entertainment needs come courtesy of screens on the seatbacks, headphones hung from the seatback organizers, tablet pockets for up to three children, and a foldable toy caddy. For parents who consider "minivan" a four-letter word, this one-off Tonale is definitely a stylish solution to managing the warehouse of goods so many kids seem to travel with nowadays.

Porsche 911 Turbo and Nissan GT-R Nismo star in World's Greatest Drag Race 4

We love Motor Trend's annual World's Greatest Drag Race video. Now back for its fourth appearance, the idea of lining some of the world's fastest cars up for a ten-wide, straight-line, full-throttle run is, well... it's pretty freaking badass.
The lineup this year boasts some impressively fast cars to be sure. The group of ten includes the following darlings: Alfa Romeo 4C, BMW i8, BMW M4, Chevrolet Camaro Z/28, Ford Fiesta ST, Jaguar F-Type R Coupe, Nissan GT-R Nismo, Porsche 911 Turbo S, Subaru WRX STI and, last but not least, the Volkswagen GTI. Give us any one of those for the weekend, and we're happy to take the keys.
It must be said though, that for a publication that draws as much water as Motor Trend does, there are some big cars that we might expect to be here instead. The Lamborghini Huracán or Ferrari 458 Speciale would have added some exotic flare to the list, and the omissions of the Chevy Corvette Stingray (for the second year in a row) and the Dodge Challenger Hellcat are real head-scratchers.