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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.

2024 Alfa Romeo Giulia and Stelvio Quadrifoglio Super Sports close the book

Alfa Romeo is hitting the gas on limited-edition special-edition models of late, as the Italian outfit prepares to get rid of gas entirely. Last year we got the Giulia and Stelvio Quadrifoglio 100th Anniversario editions celebrating the centenary of the four-leaf clover trims, then came Quadrifoglio Carbon Editions celebrating that resin weave, then came Tributo Italiano Editions lauding the home country. Now that the world is closer to the end of the internal combustion Quadrifoglio lineup, Alfa's launched the 2024 Giulia and 2024 Stelvio Quadrifoglio Super Sport models. The Giulia Quadrifoglio Super Sport is limited to 275 units worldwide, 72 coming to the U.S. The Stelvio Quadrifoglio Super Sport is even more limited, rolling out just 175 examples for the world, 52 slated for U.S. purchase. Both are powered by the brand's twin-turbo 2.9-liter V6 making 505 horsepower and 443 pound-feet of torque, shifting through an eight-speed automatic to both axles. It would have been wonderful to get the upgraded engine making 520 hp and the mechanical limited-slip differential offered on the 100th anniversary models, especially since the Super Sports are only priced $140 (Giulia) and $660 (Stelvio) below the centenary editions, but it's not to be. Instead, the Super Sports are enhanced outside with a black Quadrifoglio badge, carbon fiber mirror caps, carbon fiber accents in the grille shield, black Brembo calipers, and dark five-hole wheels that are 19 inches on the Giulia, 21 inches on the Stelvio. Inside, special trim includes red carbon fiber on the instrument panel, center console, and door cards, embroidered headrests, and a steering wheel wrapped in leather and Alcantara.  Designers prepped three exterior color options for the Giulia: Bianco Alfa, Metallic Nero Vulcano, or "Three-layer" Rosso Etna. The Stelvio can be had in one of the latter two, not the Bianco Alfa. The 2024 Giulia Quadrifoglio Super Sport starts at $88,365 after the $1,595 destination charge, representing a $5,400 premium over the standard model. The $95,965 Alfa Romeo Stelvio Quadrifoglio Super Sport runs a stiff $7,000 above the standard four-leaf SUV. Orders are open now, deliveries expected in the fall of this year.

Fiat Chrysler trademarks Kamal, likely for small Alfa CUV

We have Alfa Romeo news to share, and for once it's not about a product delay. Fiat Chrysler has trademarked the name Kamal and we think it will be used on one of two crossovers planned to follow the (delayed) Stelvio. Fiat Chrysler trademarked the name Kamal last month. Because trademark filings are intentionally vague, there is no specific brand attached to the application, only parent company FCA. The link to Alfa comes from a small CUV concept that used the name way back in 2003. If we had to wager, we'd say this one will be smaller than the midsize, Giulia-based Stelvio and could use a version of the same platform or whatever will underpin the brand's (eventual) small hatchback. It probably won't come in gold like the concept. We hope not, at least. Interestingly, there's no trademark for Stelvio in the US Patent and Trademark Office's database. That name was confirmed by Sergio Marchionne in February, but anyone familiar with recent Alfa news knows things change. And then they get pushed back and change again. About that waiting, though. Alfa's product plans have been made and amended, the gorgeous Giulia has been delayed, and now things seem to be on track. Maybe. If the latest trademark filing is any indication, the brand is at least thinking about what's supposed to come next. Related Video: