1984 Alfa Romeo Spider Veloce on 2040-cars

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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.

FCA reportedly joins the crowd skipping this year's Paris Motor Show

It's likely FCA vehicles will not be seen at the Paris Motor Show this year. Automotive News is reporting that Fiats, Alfa Romeos, Jeeps and Abarths will not be a part at the show, based on information circulating in the French media. There's a possibility that Maseratis will be displayed at a special section dedicated to upscale cars, but Maserati too will not have a show stand of its own. Ferrari will have a stand, but as it happens, the supercar maker has been a standalone brand since 2015. Skipping the Paris show follows FCA's decision not to take part in the Frankfurt show last year, and the two shows alternate as the biggest autumnal automotive show in Europe. Volkswagen will also not attend the event, and neither will Ford, Nissan or Infiniti. This has become a problem for car shows worldwide, including Detroit's North American International Auto Show. FCA has not released a formal statement about the matter, but a FCA spokesman, quoted by the French magazine L'Argus, reportedly said that the sales and publicity brought in by the show stand would not justify the costs of attending. The news mirrors Volvo's newly announced plan to not take part at the next Geneva Motor Show, but to arrange "bespoke activities" to introduce its cars instead. Related Video:

Alfa Romeo Disco Volante Spider is a beauty in blue

Be still our beating hearts. The beautiful blue sportscar you see above is the Alfa Romeo Disco Volante Spider. It's the latest work from Italian design house Carrozzeria Touring Superleggera, which is celebrating its 90th anniversary. As you can see, it's a work of art, but what you can't see is that, like the hardtop version that came before it, this car is actually based on the bones of an Alfa Romeo 8C Competizione. That means it's bound to be a rare beast, since only 500 8C coupes and 500 8C Spiders were ever built. Apparently, just seven of these droptops are planned, and each one will be painted in a different color. The hue we see on the car that's debuting at the 2016 Geneva Motor Show is called Blue Ceruleo, which we figure pretty much means Sky Blue. Here's hoping at least one comes in a green scheme similar to the one shown off at Geneva back in 2014. We don't have any details about what powers the Disco Volante Spider, but we'd guess it uses the same 4.7-liter V8 and six-speed semi-automatic transmission that powered all the original 8C models. That would mean 444 horsepower and 350 pound-feet of torque, a 0-60 run 4-ish seconds and a top speed of around 180 miles per hour. But the actual performance seems mostly superfluous to the Disco Volante Spider's real mission, which is to look pretty. You'll want to check out our image gallery for more close-up shots. And if you just can't get enough, it seems that someone with early access to the show floor in Geneva smuggled in a camera. Check out the video above. Related Video: Related Gallery Alfa Romeo Disco Volante Spider by Carrozzeria Touring Superleggera View 17 Photos News Source: SellerieCimes via YouTube Design/Style Geneva Motor Show Alfa Romeo Convertible Luxury Special and Limited Editions Performance 2016 geneva motor show carrozzeria touring superleggera